Flinton Capital Management LLC boosted its holdings in shares of IHS Markit Ltd (NASDAQ:INFO) by 19.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,296 shares of the business services provider’s stock after buying an additional 1,856 shares during the period. Flinton Capital Management LLC’s holdings in IHS Markit were worth $542,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Utah Retirement Systems boosted its stake in IHS Markit by 0.3% during the fourth quarter. Utah Retirement Systems now owns 71,175 shares of the business services provider’s stock valued at $3,414,000 after buying an additional 200 shares during the period. Great West Life Assurance Co. Can boosted its stake in IHS Markit by 7.3% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,582 shares of the business services provider’s stock valued at $172,000 after buying an additional 244 shares during the period. OLD National Bancorp IN boosted its stake in IHS Markit by 4.2% during the fourth quarter. OLD National Bancorp IN now owns 6,744 shares of the business services provider’s stock valued at $324,000 after buying an additional 272 shares during the period. Parkside Financial Bank & Trust boosted its stake in IHS Markit by 16.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,012 shares of the business services provider’s stock valued at $97,000 after buying an additional 278 shares during the period. Finally, First Mercantile Trust Co. boosted its stake in IHS Markit by 14.2% during the fourth quarter. First Mercantile Trust Co. now owns 2,642 shares of the business services provider’s stock valued at $127,000 after buying an additional 329 shares during the period. 91.06% of the stock is owned by institutional investors.
INFO has been the subject of several research analyst reports. Zacks Investment Research lowered IHS Markit from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. SunTrust Banks lowered their price target on IHS Markit to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, January 16th. They noted that the move was a valuation call. Morgan Stanley set a $45.00 price target on IHS Markit and gave the company a “sell” rating in a research report on Tuesday, January 8th. BMO Capital Markets lowered their price target on IHS Markit to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 16th. Finally, BidaskClub downgraded IHS Markit from a “buy” rating to a “hold” rating in a research report on Saturday, December 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. IHS Markit currently has an average rating of “Buy” and a consensus target price of $58.13.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, January 15th. The business services provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.12. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. IHS Markit had a return on equity of 9.58% and a net margin of 13.53%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. On average, analysts predict that IHS Markit Ltd will post 2.12 EPS for the current fiscal year.
In other news, insider Michael M. Easton sold 12,461 shares of IHS Markit stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total value of $648,345.83. Following the transaction, the insider now owns 24,721 shares in the company, valued at $1,286,233.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James A. Rosenthal acquired 1,000 shares of the firm’s stock in a transaction dated Friday, December 28th. The stock was bought at an average price of $47.30 per share, for a total transaction of $47,300.00. Following the acquisition, the director now owns 11,397 shares of the company’s stock, valued at approximately $539,078.10. The disclosure for this purchase can be found here. In the last quarter, insiders sold 82,450 shares of company stock worth $4,297,355. Company insiders own 1.11% of the company’s stock.
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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.
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