IHS Markit (INFO) Holdings Boosted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its stake in shares of IHS Markit (NASDAQ:INFO) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 618,175 shares of the business services provider’s stock after purchasing an additional 28,676 shares during the period. Massachusetts Financial Services Co. MA owned 0.16% of IHS Markit worth $29,821,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of INFO. Capital One National Association acquired a new stake in shares of IHS Markit in the fourth quarter valued at about $211,000. Tower Research Capital LLC TRC raised its position in shares of IHS Markit by 779.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,094 shares of the business services provider’s stock valued at $230,000 after buying an additional 4,515 shares during the last quarter. ETRADE Capital Management LLC acquired a new stake in shares of IHS Markit in the fourth quarter valued at about $247,000. Rehmann Capital Advisory Group acquired a new stake in shares of IHS Markit in the fourth quarter valued at about $261,000. Finally, Conning Inc. acquired a new stake in shares of IHS Markit in the fourth quarter valued at about $262,000. 98.95% of the stock is currently owned by institutional investors and hedge funds.

In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 140,000 shares of IHS Markit stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $48.94, for a total transaction of $6,851,600.00. Following the completion of the sale, the chief executive officer now directly owns 546,023 shares in the company, valued at $26,722,365.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Adam Jason Kansler sold 20,000 shares of IHS Markit stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $48.50, for a total transaction of $970,000.00. Following the sale, the executive vice president now owns 131,052 shares of the company’s stock, valued at $6,356,022. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 622,400 shares of company stock valued at $30,314,866. Company insiders own 2.68% of the company’s stock.

A number of equities research analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of IHS Markit to $57.00 in a research report on Tuesday. BidaskClub upgraded shares of IHS Markit from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 13th. Zacks Investment Research cut shares of IHS Markit from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Royal Bank of Canada restated a “buy” rating and set a $57.00 price objective (up from $55.00) on shares of IHS Markit in a research report on Tuesday, March 27th. They noted that the move was a valuation call. Finally, UBS raised their price objective on shares of IHS Markit from $51.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $53.42.

IHS Markit opened at $51.33 on Friday, Marketbeat reports. IHS Markit has a 12-month low of $51.37 and a 12-month high of $51.71. The stock has a market cap of $20.20 billion, a P/E ratio of 29.17, a PEG ratio of 2.41 and a beta of 0.78. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.51.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, March 27th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. IHS Markit had a net margin of 16.06% and a return on equity of 9.33%. The firm had revenue of $932.10 million during the quarter, compared to analysts’ expectations of $906.91 million. During the same period last year, the business earned $0.46 earnings per share. IHS Markit’s revenue was up 10.4% compared to the same quarter last year. equities research analysts predict that IHS Markit will post 1.84 earnings per share for the current year.

About IHS Markit

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.

Institutional Ownership by Quarter for IHS Markit (NASDAQ:INFO)

Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply