Machina Capital S.A.S. purchased a new position in IHS Markit Ltd (NASDAQ:INFO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,038 shares of the business services provider’s stock, valued at approximately $482,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in IHS Markit by 0.4% during the 4th quarter. American Century Companies Inc. now owns 7,566,338 shares of the business services provider’s stock valued at $362,957,000 after buying an additional 28,387 shares during the period. Norges Bank purchased a new stake in IHS Markit in the fourth quarter worth $164,394,000. Dimensional Fund Advisors LP increased its stake in IHS Markit by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 168,650 shares of the business services provider’s stock worth $8,090,000 after purchasing an additional 6,628 shares during the period. Kentucky Retirement Systems purchased a new stake in IHS Markit in the fourth quarter worth $748,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in IHS Markit in the fourth quarter worth $340,000. 97.49% of the stock is owned by hedge funds and other institutional investors.
IHS Markit stock traded down $0.21 during midday trading on Wednesday, reaching $56.08. The company’s stock had a trading volume of 1,377,548 shares, compared to its average volume of 1,886,746. IHS Markit Ltd has a 52-week low of $44.52 and a 52-week high of $57.69. The stock has a market cap of $22.42 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 2.43 and a beta of 0.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.64.
In related news, insider Michael M. Easton sold 12,461 shares of IHS Markit stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total transaction of $648,345.83. Following the completion of the transaction, the insider now directly owns 24,721 shares in the company, valued at $1,286,233.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Todd S. Hyatt sold 7,942 shares of IHS Markit stock in a transaction that occurred 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 owns 283,083 shares of the company’s stock, valued at $14,728,808.49. 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. 2.68% of the stock is owned by company insiders.
A number of research firms have weighed in on INFO. BidaskClub lowered IHS Markit from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley increased their price target on IHS Markit from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Zacks Investment Research raised IHS Markit from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. Piper Jaffray Companies raised their price objective on IHS Markit from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, UBS Group dropped their price objective on IHS Markit from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $58.86.
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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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