Prana Capital Management LP lessened its position in shares of IHS Markit Ltd (NASDAQ:INFO) by 24.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 445,973 shares of the business services provider’s stock after selling 142,723 shares during the quarter. IHS Markit accounts for 4.6% of Prana Capital Management LP’s portfolio, making the stock its 6th largest position. Prana Capital Management LP owned approximately 0.11% of IHS Markit worth $21,393,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Financial Gravity Companies Inc. purchased a new stake in shares of IHS Markit in the fourth quarter worth about $27,000. Enlightenment Research LLC purchased a new position in IHS Markit during the fourth quarter worth approximately $43,000. Clearbridge LLC purchased a new position in IHS Markit during the fourth quarter worth approximately $48,000. Avestar Capital LLC boosted its position in IHS Markit by 10,250.0% during the fourth quarter. Avestar Capital LLC now owns 1,035 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,025 shares in the last quarter. Finally, We Are One Seven LLC purchased a new position in IHS Markit during the fourth quarter worth approximately $66,000. Institutional investors and hedge funds own 91.06% of the company’s stock.
In related news, Director James A. Rosenthal purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was purchased at an average price of $47.30 per share, with a total value of $47,300.00. Following the completion of the acquisition, the director now owns 11,397 shares in the company, valued at $539,078.10. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jonathan Gear sold 15,587 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $52.51, for a total value of $818,473.37. Following the completion of the sale, the executive vice president now directly owns 168,151 shares of the company’s stock, valued at approximately $8,829,609.01. The disclosure for this sale can be found here. Insiders have sold 82,450 shares of company stock valued at $4,297,355 in the last three months. Insiders own 1.11% of the company’s stock.
IHS Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, January 15th. The business services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. IHS Markit had a return on equity of 9.58% and a net margin of 13.53%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The business’s revenue was up 13.0% compared to the same quarter last year. As a group, research analysts anticipate that IHS Markit Ltd will post 2.12 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded IHS Markit from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. BidaskClub upgraded IHS Markit from a “hold” rating to a “buy” rating in a research report on Tuesday, December 4th. UBS Group increased their price target on IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 12th. Credit Suisse Group assumed coverage on IHS Markit in a research report on Friday, December 7th. They set an “outperform” rating and a $65.00 price target on the stock. Finally, Morgan Stanley set a $45.00 price target on IHS Markit and gave the stock a “sell” rating in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $58.13.
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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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