Clearbridge LLC Buys Shares of 1,000 IHS Markit Ltd (INFO)

Clearbridge LLC bought a new position in IHS Markit Ltd (NASDAQ:INFO) during the 4th quarter, Holdings Channel reports. The firm bought 1,000 shares of the business services provider’s stock, valued at approximately $48,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teachers Advisors LLC boosted its holdings in shares of 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 in the last quarter. Comerica Bank boosted its holdings in shares of IHS Markit by 5.5% in the 4th quarter. Comerica Bank now owns 318,334 shares of the business services provider’s stock worth $16,108,000 after acquiring an additional 16,461 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in shares of IHS Markit by 10.5% in the 4th quarter. IFM Investors Pty Ltd now owns 22,863 shares of the business services provider’s stock worth $1,097,000 after acquiring an additional 2,180 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in IHS Markit by 4,638.4% during 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 in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in IHS Markit during the 3rd quarter worth $588,000. 91.06% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on INFO. BidaskClub raised IHS Markit from a “hold” rating to a “buy” rating in a report on Tuesday, December 4th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $51.00 price objective on shares of IHS Markit in a report on Tuesday, January 15th. Zacks Investment Research raised IHS Markit from a “sell” rating to a “hold” rating in a report on Friday, January 18th. UBS Group upped their price objective on IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Credit Suisse Group began coverage on IHS Markit in a report on Friday, December 7th. They set an “outperform” rating and a $65.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $58.13.

INFO opened at $54.13 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.47 and a quick ratio of 0.47. IHS Markit Ltd has a 12 month low of $44.52 and a 12 month high of $55.99. The firm has a market capitalization of $22.97 billion, a P/E ratio of 27.34, a PEG ratio of 2.39 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, January 15th. The business services provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.12. IHS Markit had a net margin of 13.53% and a return on equity of 9.58%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts forecast that IHS Markit Ltd will post 2.12 earnings per share for the current fiscal year.

In other IHS Markit news, CFO Todd S. Hyatt sold 7,942 shares of the stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total transaction of $413,222.26. Following the completion of the transaction, the chief financial officer now owns 283,083 shares in the company, valued at approximately $14,728,808.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jonathan Gear sold 46,460 shares of the stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total value of $2,417,313.80. Following the transaction, the executive vice president now owns 183,738 shares of the company’s stock, valued at approximately $9,559,888.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,450 shares of company stock valued at $4,297,355. 1.11% of the stock is owned by corporate insiders.

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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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Want to see what other hedge funds are holding INFO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IHS Markit Ltd (NASDAQ:INFO).

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

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