MML Investors Services LLC Takes $397,000 Position in IHS Markit Ltd (NASDAQ:INFO)

MML Investors Services LLC purchased a new position in shares of IHS Markit Ltd (NASDAQ:INFO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,272 shares of the business services provider’s stock, valued at approximately $397,000.

A number of other institutional investors have also recently added to or reduced their stakes in INFO. Financial Gravity Companies Inc. purchased a new position in shares of IHS Markit in the 4th quarter worth about $27,000. Avestar Capital LLC boosted its holdings in shares of IHS Markit by 10,250.0% in the 4th quarter. Avestar Capital LLC now owns 1,035 shares of the business services provider’s stock worth $31,000 after buying an additional 1,025 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of IHS Markit by 4,638.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,860,373 shares of the business services provider’s stock worth $39,000 after buying an additional 1,821,111 shares during the last quarter. Enlightenment Research LLC purchased a new position in shares of IHS Markit in the 4th quarter worth about $43,000. Finally, Clearbridge LLC purchased a new position in shares of IHS Markit in the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 97.49% of the company’s stock.

INFO has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Wednesday, March 20th. SunTrust Banks cut their price target on shares of 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. BidaskClub raised shares of IHS Markit from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Cantor Fitzgerald restated a “hold” rating and issued a $51.00 price objective on shares of IHS Markit in a research note on Tuesday, January 15th. Finally, UBS Group lowered their price objective on IHS Markit from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. IHS Markit presently has a consensus rating of “Buy” and a consensus price target of $58.86.

Shares of INFO traded up $0.27 during midday trading on Friday, hitting $56.57. 1,233,156 shares of the company traded hands, compared to its average volume of 1,870,433. IHS Markit Ltd has a one year low of $44.52 and a one year high of $57.69. The stock has a market cap of $22.61 billion, a PE ratio of 28.57, a P/E/G ratio of 2.49 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 posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.15. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. IHS Markit had a net margin of 9.96% and a return on equity of 9.80%. IHS Markit’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. Analysts expect that IHS Markit Ltd will post 2.12 earnings per share for the current fiscal year.

In other IHS Markit news, insider Michael M. Easton sold 12,461 shares of the company’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 completion of the sale, the insider now owns 24,721 shares of the company’s stock, valued at $1,286,233.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Todd S. Hyatt sold 7,942 shares of the company’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 $413,222.26. Following the completion of the sale, 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. Over the last 90 days, insiders sold 82,450 shares of company stock worth $4,297,355. 2.68% of the stock is owned by company insiders.

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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.

Read More: Outstanding Shares and The Effect on Share Price

Institutional Ownership by Quarter for IHS Markit (NASDAQ:INFO)

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