Signition LP Buys 3,096 Shares of IHS Markit Ltd (INFO)

Signition LP raised its stake in shares of IHS Markit Ltd (NASDAQ:INFO) by 43.1% during the 1st quarter, HoldingsChannel reports. The fund owned 10,272 shares of the business services provider’s stock after purchasing an additional 3,096 shares during the period. Signition LP’s holdings in IHS Markit were worth $559,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Gravity Companies Inc. acquired a new stake in shares of IHS Markit in the 4th quarter worth $27,000. Sontag Advisory LLC acquired a new stake in IHS Markit during the 4th quarter worth about $29,000. Avestar Capital LLC lifted its position in IHS Markit by 10,250.0% during the 4th quarter. Avestar Capital LLC now owns 1,035 shares of the business services provider’s stock worth $31,000 after acquiring an additional 1,025 shares during the period. YorkBridge Wealth Partners LLC acquired a new stake in IHS Markit during the 4th quarter worth about $37,000. Finally, CWM LLC lifted its position in IHS Markit by 48.3% during the 1st quarter. CWM LLC now owns 688 shares of the business services provider’s stock worth $37,000 after acquiring an additional 224 shares during the period. 97.61% of the stock is currently owned by institutional investors and hedge funds.

INFO has been the subject of a number of research reports. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Wednesday, March 20th. SunTrust Banks lowered their price target on IHS Markit to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 16th. They noted that the move was a valuation call. BidaskClub raised IHS Markit from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $51.00 price target on shares of IHS Markit in a research report on Tuesday, January 15th. Finally, UBS Group lifted their price target on IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 12th. One equities research 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. IHS Markit presently has an average rating of “Buy” and an average target price of $58.86.

In other IHS Markit news, EVP Jonathan Gear sold 15,587 shares of IHS Markit stock in a transaction dated 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 owns 168,151 shares in the company, valued at approximately $8,829,609.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $2,249,600.00. Following the transaction, the chief financial officer now owns 243,083 shares of the company’s stock, valued at approximately $13,670,987.92. The disclosure for this sale can be found here. Company insiders own 1.11% of the company’s stock.

Shares of NASDAQ INFO traded down $0.22 during trading on Friday, reaching $55.50. 7,092 shares of the company traded hands, compared to its average volume of 1,812,878. The firm has a market capitalization of $22.79 billion, a P/E ratio of 28.12, a PEG ratio of 2.52 and a beta of 0.83. 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 quick ratio of 0.64 and a current ratio of 0.64.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.15. The business had revenue of $1.05 billion during 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%. The company’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. As a group, analysts forecast that IHS Markit Ltd will post 2.12 earnings per share for the current year.

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

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