IHS Markit Ltd. (INFO) Shares Sold by Montag & Caldwell LLC

Montag & Caldwell LLC reduced its stake in IHS Markit Ltd. (NASDAQ:INFO) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,338 shares of the business services provider’s stock after selling 40 shares during the period. Montag & Caldwell LLC’s holdings in IHS Markit were worth $1,147,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Korea Investment CORP increased its stake in IHS Markit by 884.0% in the first quarter. Korea Investment CORP now owns 4,182 shares of the business services provider’s stock valued at $175,000 after buying an additional 3,757 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in IHS Markit by 20.0% in the first quarter. Mutual of America Capital Management LLC now owns 4,175 shares of the business services provider’s stock valued at $175,000 after buying an additional 695 shares during the last quarter. First Interstate Bank bought a new stake in IHS Markit during the fourth quarter valued at $184,000. Private Advisor Group LLC bought a new stake in IHS Markit during the first quarter valued at $214,000. Finally, Prudential Financial Inc. bought a new stake in IHS Markit during the first quarter valued at $247,000. 96.05% of the stock is owned by institutional investors and hedge funds.

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

Shares of IHS Markit Ltd. (INFO) traded up 0.44% during trading on Friday, hitting $47.53. The stock had a trading volume of 4,911,605 shares. The firm has a 50 day moving average of $45.11 and a 200 day moving average of $40.66. The company has a market capitalization of $19.31 billion, a price-to-earnings ratio of 98.61 and a beta of 0.86. IHS Markit Ltd. has a 1-year low of $30.38 and a 1-year high of $47.67.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, March 28th. The business services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.11. The company had revenue of $844.20 million during the quarter, compared to analysts’ expectations of $843.35 million. IHS Markit had a net margin of 5.44% and a return on equity of 6.58%. The company’s revenue was up 53.9% compared to the same quarter last year. Analysts expect that IHS Markit Ltd. will post $2.06 EPS for the current fiscal year.

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INFO has been the subject of a number of research analyst reports. TheStreet raised shares of IHS Markit from a “c+” rating to a “b-” rating in a report on Friday, February 17th. Cantor Fitzgerald reissued a “hold” rating on shares of IHS Markit in a report on Tuesday, March 7th. Piper Jaffray Companies reissued an “overweight” rating and issued a $48.00 price target on shares of IHS Markit in a report on Tuesday, March 21st. Zacks Investment Research downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. Finally, BMO Capital Markets reissued a “buy” rating and issued a $43.00 price target on shares of IHS Markit in a report on Tuesday, March 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $42.00.

In related news, EVP Adam Jason Kansler sold 56,174 shares of IHS Markit stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $44.00, for a total transaction of $2,471,656.00. Following the completion of the sale, the executive vice president now owns 162,307 shares of the company’s stock, valued at $7,141,508. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Randall P. Harvey sold 10,000 shares of IHS Markit stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $41.72, for a total value of $417,200.00. Following the sale, the executive vice president now directly owns 99,418 shares of the company’s stock, valued at approximately $4,147,718.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,846,174 shares of company stock valued at $123,269,256.

IHS Markit Company Profile

IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.

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