IHS Markit Ltd (INFO) Shares Sold by Pendal Group Ltd

Pendal Group Ltd trimmed its holdings in IHS Markit Ltd (NASDAQ:INFO) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,173,235 shares of the business services provider’s stock after selling 190,022 shares during the period. IHS Markit comprises about 4.5% of Pendal Group Ltd’s investment portfolio, making the stock its 3rd largest holding. Pendal Group Ltd owned about 1.55% of IHS Markit worth $285,073,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. D.A. Davidson & CO. raised its stake in IHS Markit by 7.3% in the fourth quarter. D.A. Davidson & CO. now owns 6,768 shares of the business services provider’s stock valued at $325,000 after buying an additional 459 shares during the period. Huntington National Bank increased its stake in shares of IHS Markit by 30.9% during the fourth quarter. Huntington National Bank now owns 3,127 shares of the business services provider’s stock worth $150,000 after purchasing an additional 738 shares during the period. First Hawaiian Bank increased its stake in shares of IHS Markit by 56.1% during the fourth quarter. First Hawaiian Bank now owns 2,705 shares of the business services provider’s stock worth $130,000 after purchasing an additional 972 shares during the period. Avestar Capital LLC increased 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 purchasing an additional 1,025 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of IHS Markit by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 161,883 shares of the business services provider’s stock worth $8,352,000 after purchasing an additional 1,094 shares during the period. 95.99% of the stock is owned by institutional investors.

In other news, insider Michael M. Easton sold 12,461 shares of the business’s stock in a transaction that occurred on 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 approximately $1,286,233.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Gear sold 15,587 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $52.51, for a total value of $818,473.37. Following the completion of the transaction, the executive vice president now owns 168,151 shares in the company, valued at approximately $8,829,609.01. The disclosure for this sale can be found here. Insiders have sold a total of 82,450 shares of company stock valued at $4,297,355 in the last quarter. Company insiders own 2.68% of the company’s stock.

A number of equities analysts have commented on the company. Zacks Investment Research upgraded IHS Markit from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. BMO Capital Markets lowered their price objective on IHS Markit to $58.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 16th. SunTrust Banks reduced their target price on IHS Markit to $62.00 and set a “buy” rating on the stock in a report on Wednesday, January 16th. They noted that the move was a valuation call. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $51.00 target price on shares of IHS Markit in a report on Tuesday, January 15th. Finally, Morgan Stanley set a $45.00 price objective on IHS Markit and gave the company a “sell” rating in a report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $57.93.

Shares of IHS Markit stock opened at $53.35 on Thursday. IHS Markit Ltd has a one year low of $44.52 and a one year high of $55.99. The stock has a market capitalization of $20.83 billion, a P/E ratio of 26.94, a PEG ratio of 2.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.47 and a quick ratio of 0.47.

IHS Markit (NASDAQ:INFO) last issued 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. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. IHS Markit had a return on equity of 9.58% and a net margin of 13.53%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Analysts expect that IHS Markit Ltd will post 2.12 EPS for the current fiscal year.

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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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