Todd S. Hyatt Sells 40,000 Shares of IHS Markit Ltd (INFO) Stock

IHS Markit Ltd (NASDAQ:INFO) CFO Todd S. Hyatt sold 40,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $56.24, for a total transaction of $2,249,600.00. Following the sale, the chief financial officer now owns 243,083 shares of the company’s stock, valued at approximately $13,670,987.92. The sale was disclosed in a legal filing with the SEC, which is available at this link.

INFO opened at $57.00 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 2.53 and a beta of 0.83. IHS Markit Ltd has a 1 year low of $44.52 and a 1 year high of $57.69.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.15. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.06 billion. IHS Markit had a net margin of 9.96% and a return on equity of 9.80%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. On average, analysts expect that IHS Markit Ltd will post 2.12 EPS for the current fiscal year.

INFO has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Wednesday, March 20th. SunTrust Banks decreased their price target on shares of IHS Markit to $62.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th. They noted that the move was a valuation call. BidaskClub upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Cantor Fitzgerald restated a “hold” rating and set a $51.00 price target on shares of IHS Markit in a research note on Tuesday, January 15th. Finally, UBS Group cut their price objective on shares of IHS Markit from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $58.86.

A number of institutional investors and hedge funds have recently bought and sold shares of INFO. Lunia Capital LP boosted its holdings in IHS Markit by 5,785.0% during the 4th quarter. Lunia Capital LP now owns 12,980,059 shares of the business services provider’s stock worth $12,980,000 after acquiring an additional 12,759,498 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of IHS Markit by 21.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 22,031,949 shares of the business services provider’s stock worth $1,056,784,000 after buying an additional 3,927,202 shares during the last quarter. Norges Bank purchased a new position in shares of IHS Markit in the 4th quarter worth about $164,394,000. 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. Finally, Bank of America Corp DE boosted its holdings in shares of IHS Markit by 60.2% in the 4th quarter. Bank of America Corp DE now owns 4,814,676 shares of the business services provider’s stock worth $230,961,000 after buying an additional 1,808,786 shares during the last quarter. 97.50% of the stock is currently owned by hedge funds and other institutional investors.

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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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