IHS Markit Ltd (NASDAQ:INFO) Stock Position Reduced by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its position in shares of IHS Markit Ltd (NASDAQ:INFO) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 558,685 shares of the business services provider’s stock after selling 7,392 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.14% of IHS Markit worth $35,599,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in INFO. CWM LLC raised its position in shares of 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 purchasing an additional 224 shares during the period. Cornerstone Advisors Inc. increased its position in IHS Markit by 87.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 574 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 268 shares during the period. Lindbrook Capital LLC increased its position in IHS Markit by 87.3% in the 1st quarter. Lindbrook Capital LLC now owns 796 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 371 shares during the period. Truvestments Capital LLC acquired a new stake in IHS Markit in the 1st quarter valued at approximately $44,000. Finally, Rehmann Capital Advisory Group increased its position in IHS Markit by 21.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 972 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 172 shares during the period. 96.18% of the stock is currently owned by institutional investors.

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

Shares of INFO stock traded up $0.71 during mid-day trading on Tuesday, hitting $64.23. 15,589 shares of the stock traded hands, compared to its average volume of 1,792,799. IHS Markit Ltd has a twelve month low of $44.52 and a twelve month high of $66.07. The stock has a market capitalization of $25.83 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 2.83 and a beta of 0.82. The stock’s 50-day simple moving average is $64.36. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. IHS Markit had a return on equity of 10.13% and a net margin of 10.49%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities analysts forecast that IHS Markit Ltd will post 2.13 earnings per share for the current year.

In other news, EVP Adam Jason Kansler sold 150,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $65.09, for a total transaction of $9,763,500.00. Following the completion of the sale, the executive vice president now directly owns 269,467 shares of the company’s stock, valued at approximately $17,539,607.03. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Sari Beth Granat sold 25,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $65.00, for a total value of $1,625,000.00. Following the sale, the executive vice president now directly owns 61,141 shares of the company’s stock, valued at $3,974,165. The disclosure for this sale can be found here. Over the last three months, insiders have sold 300,483 shares of company stock valued at $19,436,699. Corporate insiders own 1.11% of the company’s stock.

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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