Amalgamated Bank reduced its holdings in IHS Markit Ltd (NASDAQ:INFO) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,894 shares of the business services provider’s stock after selling 1,117 shares during the quarter. Amalgamated Bank’s holdings in IHS Markit were worth $2,250,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of INFO. Cambridge Investment Research Advisors Inc. raised its position in shares of 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 buying an additional 1,287 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of IHS Markit in the third quarter valued at $269,000. JPMorgan Chase & Co. grew its holdings in shares of IHS Markit by 8.8% in 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 purchasing an additional 155,469 shares in the last quarter. AXA purchased a new position in shares of IHS Markit in the third quarter valued at $2,180,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of IHS Markit by 7.3% in the third quarter. PNC Financial Services Group Inc. now owns 70,179 shares of the business services provider’s stock valued at $3,788,000 after purchasing an additional 4,777 shares in the last quarter. 97.49% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the stock. BidaskClub lowered shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Wednesday, March 20th. Piper Jaffray Companies lifted their price objective on shares of IHS Markit from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. UBS Group lifted their price objective 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. Finally, Morgan Stanley lifted their target price on IHS Markit from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. IHS Markit presently has an average rating of “Buy” and a consensus target price of $58.86.
IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, March 26th. The business services provider reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.15. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.06 billion. IHS Markit had a return on equity of 9.80% and a net margin of 9.96%. IHS Markit’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. On average, analysts anticipate that IHS Markit Ltd will post 2.12 earnings per share for the current fiscal year.
In other news, EVP Jonathan Gear sold 15,587 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $52.51, for a total transaction of $818,473.37. Following the completion of the transaction, the executive vice president now directly owns 168,151 shares in the company, valued at approximately $8,829,609.01. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael M. Easton sold 12,461 shares of the stock in a transaction 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 of the company’s stock, valued at $1,286,233.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,450 shares of company stock valued at $4,297,355. Company insiders own 2.68% of the company’s stock.
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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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