4,860 Shares in IHS Markit Ltd (INFO) Purchased by OLD Mission Capital LLC

OLD Mission Capital LLC acquired a new stake in IHS Markit Ltd (NASDAQ:INFO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,860 shares of the business services provider’s stock, valued at approximately $233,000.

Several other hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its position in IHS Markit by 25.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,342 shares of the business services provider’s stock valued at $342,000 after acquiring an additional 1,287 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in IHS Markit during the third quarter valued at approximately $269,000. SG Americas Securities LLC grew its position in IHS Markit by 687.0% during the third quarter. SG Americas Securities LLC now owns 49,738 shares of the business services provider’s stock valued at $2,684,000 after acquiring an additional 43,418 shares during the last quarter. JPMorgan Chase & Co. grew its position in IHS Markit by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 1,924,854 shares of the business services provider’s stock valued at $103,865,000 after acquiring an additional 155,469 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in IHS Markit by 105.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,240 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 2,179 shares during the last quarter. 97.50% of the stock is currently owned by institutional investors and hedge funds.

INFO stock traded up $0.05 on Monday, reaching $55.13. The company’s stock had a trading volume of 901,500 shares, compared to its average volume of 1,924,793. IHS Markit Ltd has a 12-month low of $44.52 and a 12-month high of $55.99. The firm has a market capitalization of $21.99 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.43 and a beta of 0.82. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.61.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. IHS Markit had a return on equity of 9.80% and a net margin of 9.96%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. Equities research analysts anticipate that IHS Markit Ltd will post 2.12 earnings per share for the current year.

Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a report on Friday, April 5th. UBS Group raised their target price on shares of IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, March 12th. Cantor Fitzgerald restated a “hold” rating and issued a $51.00 target price on shares of IHS Markit in a report on Tuesday, January 15th. Zacks Investment Research cut shares of IHS Markit from a “hold” rating to a “sell” rating in a report on Friday, January 11th. Finally, Morgan Stanley raised their target price on shares of IHS Markit from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $58.86.

In related news, EVP Jonathan Gear sold 46,460 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total value of $2,417,313.80. Following the completion of the sale, the executive vice president now owns 183,738 shares of the company’s stock, valued at $9,559,888.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Todd S. Hyatt sold 7,942 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $52.03, for a total value of $413,222.26. Following the transaction, the chief financial officer now directly owns 283,083 shares of the company’s stock, valued at approximately $14,728,808.49. The disclosure for this sale can be found here. Insiders sold 82,450 shares of company stock valued at $4,297,355 in the last ninety days. 2.68% of the stock is currently owned by insiders.

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IHS Markit Company 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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