Rhumbline Advisers Sells 63,679 Shares of IHS Markit Ltd (INFO)

Rhumbline Advisers lowered its holdings in shares of IHS Markit Ltd (NASDAQ:INFO) by 10.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 560,125 shares of the business services provider’s stock after selling 63,679 shares during the period. Rhumbline Advisers’ holdings in IHS Markit were worth $30,460,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of IHS Markit during the 4th quarter valued at $164,394,000. Kinneret Advisory LLC bought a new position in shares of IHS Markit during the 4th quarter valued at $466,000. Comerica Bank grew its holdings in shares of IHS Markit by 5.5% during the 4th quarter. Comerica Bank now owns 318,334 shares of the business services provider’s stock valued at $16,108,000 after purchasing an additional 16,461 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in 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 acquiring an additional 1,821,111 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in IHS Markit by 19.9% in the 3rd quarter. Teachers Advisors LLC now owns 1,399,999 shares of the business services provider’s stock worth $75,544,000 after acquiring an additional 232,284 shares during the last quarter. 97.61% of the stock is currently owned by institutional investors.

In related news, EVP Jonathan Gear sold 15,587 shares of IHS Markit stock in a transaction dated Monday, February 11th. The shares were 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 of the company’s stock, valued at approximately $8,829,609.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Todd S. Hyatt sold 40,000 shares of IHS Markit stock in a transaction dated 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 transaction, the chief financial officer now directly owns 243,083 shares of the company’s stock, valued at $13,670,987.92. The disclosure for this sale can be found here. Company insiders own 1.11% of the company’s stock.

A number of equities research analysts have issued reports on INFO shares. BMO Capital Markets cut their price target on shares of IHS Markit to $58.00 and set an “outperform” rating on the stock in a report on Wednesday, January 16th. 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. Piper Jaffray Companies raised their price target on shares of IHS Markit from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. BidaskClub lowered shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Zacks Investment Research lowered shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Friday, March 29th. 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 stock. IHS Markit currently has a consensus rating of “Buy” and an average target price of $58.86.

NASDAQ:INFO opened at $55.72 on Friday. IHS Markit Ltd has a 12 month low of $44.52 and a 12 month high of $57.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $22.79 billion, a PE ratio of 28.14, a P/E/G ratio of 2.52 and a beta of 0.83.

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

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

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