WINTON GROUP Ltd Sells 12,288 Shares of IHS Markit Ltd (NASDAQ:INFO)

WINTON GROUP Ltd decreased its position in IHS Markit Ltd (NASDAQ:INFO) by 73.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,539 shares of the business services provider’s stock after selling 12,288 shares during the period. WINTON GROUP Ltd’s holdings in IHS Markit were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in INFO. Clearbridge Investments LLC boosted its stake in IHS Markit by 24.0% in the 1st quarter. Clearbridge Investments LLC now owns 8,222,320 shares of the business services provider’s stock worth $447,130,000 after purchasing an additional 1,591,992 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in IHS Markit in the 1st quarter worth about $52,411,000. BlackRock Inc. boosted its stake in IHS Markit by 2.3% in the 1st quarter. BlackRock Inc. now owns 23,774,744 shares of the business services provider’s stock worth $1,292,870,000 after purchasing an additional 530,438 shares in the last quarter. American Century Companies Inc. boosted its stake in IHS Markit by 5.4% in the 1st quarter. American Century Companies Inc. now owns 7,972,321 shares of the business services provider’s stock worth $433,535,000 after purchasing an additional 405,983 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in IHS Markit by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 4,917,673 shares of the business services provider’s stock worth $235,497,000 after purchasing an additional 376,102 shares in the last quarter. Institutional investors own 96.18% of the company’s stock.

In other news, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $54.50, for a total transaction of $1,635,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Adam Jason Kansler sold 50,000 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $65.53, for a total transaction of $3,276,500.00. Following the sale, the executive vice president now directly owns 169,467 shares of the company’s stock, valued at approximately $11,105,172.51. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock worth $19,452,000 in the last 90 days. Company insiders own 1.11% of the company’s stock.

A number of brokerages recently issued reports on INFO. BMO Capital Markets upped their price target on shares of IHS Markit from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Piper Jaffray Companies upped their price target on shares of IHS Markit from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, June 27th. SunTrust Banks upped their price target on shares of IHS Markit from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Cantor Fitzgerald upped their price target on shares of IHS Markit from $51.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. Finally, Deutsche Bank upped their target price on shares of IHS Markit from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $61.85.

INFO traded down $0.21 during midday trading on Friday, hitting $63.83. 2,137,388 shares of the company traded hands, compared to its average volume of 1,791,709. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.58. The firm has a market cap of $25.60 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 2.83 and a beta of 0.82. The firm has a 50-day moving average of $63.51. IHS Markit Ltd has a 52 week low of $44.52 and a 52 week high of $66.07.

IHS Markit (NASDAQ:INFO) last posted its earnings results on Wednesday, June 26th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.06. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. IHS Markit had a net margin of 10.49% and a return on equity of 10.13%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. On average, analysts expect that IHS Markit Ltd will post 2.13 EPS for the current year.

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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