IHS Markit Ltd (INFO) Shares Sold by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. reduced its position in shares of IHS Markit Ltd (NASDAQ:INFO) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,539 shares of the business services provider’s stock after selling 323 shares during the period. Bbva Compass Bancshares Inc.’s holdings in IHS Markit were worth $410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Financial Gravity Companies Inc. bought a new stake in shares of IHS Markit during the fourth quarter worth $27,000. Sontag Advisory LLC bought a new stake in shares of IHS Markit during the fourth quarter worth $29,000. Avestar Capital LLC grew its stake in shares of 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 buying an additional 1,025 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new stake in shares of IHS Markit during the fourth quarter worth $37,000. Finally, CWM LLC grew its stake in shares of IHS Markit by 48.3% during the first quarter. CWM LLC now owns 688 shares of the business services provider’s stock worth $37,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Shares of IHS Markit stock opened at $56.14 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. IHS Markit Ltd has a twelve month low of $44.52 and a twelve month high of $57.69. The firm has a market capitalization of $21.84 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 2.41 and a beta of 0.83.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.15. IHS Markit had a net margin of 9.96% and a return on equity of 9.80%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. IHS Markit’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, sell-side analysts predict that IHS Markit Ltd will post 2.12 earnings per share for the current fiscal year.

In related news, CFO Todd S. Hyatt sold 40,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $56.24, for a total value of $2,249,600.00. Following the sale, the chief financial officer now owns 243,083 shares of the company’s stock, valued at $13,670,987.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $54.50, for a total transaction of $1,635,000.00. The disclosure for this sale can be found here. Insiders own 1.11% of the company’s stock.

INFO has been the topic of a number of research reports. Zacks Investment Research cut shares of IHS Markit from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. BidaskClub cut shares of IHS Markit from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. SunTrust Banks decreased their target price on shares of IHS Markit to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, January 16th. They noted that the move was a valuation call. BMO Capital Markets decreased their target price on shares of IHS Markit to $58.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 16th. Finally, UBS Group boosted their target price on shares of IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $58.86.

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

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