State Board of Administration of Florida Retirement System Buys 5,043 Shares of IHS Markit Ltd (NASDAQ:INFO)

State Board of Administration of Florida Retirement System boosted its stake in IHS Markit Ltd (NASDAQ:INFO) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 488,200 shares of the business services provider’s stock after acquiring an additional 5,043 shares during the period. State Board of Administration of Florida Retirement System’s holdings in IHS Markit were worth $31,108,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in INFO. Meeder Asset Management Inc. bought a new position in shares of IHS Markit during the 2nd quarter worth approximately $44,000. Freestone Capital Holdings LLC increased its holdings in IHS Markit by 19.3% in the 2nd quarter. Freestone Capital Holdings LLC now owns 17,024 shares of the business services provider’s stock worth $1,085,000 after acquiring an additional 2,752 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in IHS Markit by 0.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,645,434 shares of the business services provider’s stock worth $104,847,000 after acquiring an additional 8,823 shares during the last quarter. Gabelli Funds LLC increased its holdings in IHS Markit by 3.4% in the 2nd quarter. Gabelli Funds LLC now owns 48,300 shares of the business services provider’s stock worth $3,078,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in IHS Markit by 19.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 17,000 shares of the business services provider’s stock worth $1,083,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 96.18% of the company’s stock.

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald lifted their price objective on IHS Markit from $51.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Deutsche Bank lifted their price objective on IHS Markit from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, June 28th. BMO Capital Markets lifted their price objective on IHS Markit from $63.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. BidaskClub raised IHS Markit from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. Finally, Piper Jaffray Companies lifted their price objective on IHS Markit from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $61.85.

NASDAQ INFO traded down $0.30 during trading hours on Friday, hitting $63.83. The company had a trading volume of 2,311 shares, compared to its average volume of 1,783,794. IHS Markit Ltd has a 52 week low of $44.52 and a 52 week high of $66.07. The firm has a 50 day simple moving average of $64.72 and a 200 day simple moving average of $58.25. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market capitalization of $25.61 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 2.83 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last issued its earnings results on Wednesday, June 26th. The business services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.65 by $0.06. IHS Markit had a return on equity of 10.13% and a net margin of 10.49%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. On average, research analysts forecast that IHS Markit Ltd will post 2.13 earnings per share for the current year.

In other news, EVP Sari Beth Granat sold 50,000 shares of IHS Markit stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $63.04, for a total transaction of $3,152,000.00. Following the completion of the sale, the executive vice president now owns 86,141 shares in the company, valued at approximately $5,430,328.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Todd S. Hyatt sold 25,483 shares of IHS Markit stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $63.56, for a total value of $1,619,699.48. Following the sale, the chief financial officer now owns 217,600 shares of the company’s stock, valued at approximately $13,830,656. The disclosure for this sale can be found here. In the last 90 days, insiders sold 300,483 shares of company stock valued at $19,436,699. 1.11% of the stock is owned by corporate insiders.

IHS Markit Profile

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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