Sigma Planning Corp Purchases New Stake in IHS Markit Ltd (INFO)

Sigma Planning Corp purchased a new position in shares of IHS Markit Ltd (NASDAQ:INFO) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 5,537 shares of the business services provider’s stock, valued at approximately $301,000.

Several other hedge funds also recently modified their holdings of INFO. BlackRock Inc. increased its stake in shares of IHS Markit by 3.6% in the fourth quarter. BlackRock Inc. now owns 23,244,306 shares of the business services provider’s stock valued at $1,115,027,000 after purchasing an additional 809,731 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of IHS Markit by 21.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 22,031,949 shares of the business services provider’s stock valued at $1,056,784,000 after purchasing an additional 3,927,202 shares during the period. Lunia Capital LP increased its stake in shares of IHS Markit by 5,785.0% in the fourth quarter. Lunia Capital LP now owns 12,980,059 shares of the business services provider’s stock valued at $12,980,000 after purchasing an additional 12,759,498 shares during the period. American Century Companies Inc. increased its stake in shares of IHS Markit by 0.4% in the fourth quarter. American Century Companies Inc. now owns 7,566,338 shares of the business services provider’s stock valued at $362,957,000 after purchasing an additional 28,387 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of IHS Markit by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 4,917,673 shares of the business services provider’s stock valued at $235,497,000 after purchasing an additional 376,102 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Todd S. Hyatt sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 243,083 shares of the company’s stock, valued at approximately $13,670,987.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $54.50, for a total transaction of $1,635,000.00. The disclosure for this sale can be found here. Company insiders own 1.11% of the company’s stock.

Shares of NASDAQ:INFO opened at $56.14 on Thursday. The company has a market cap of $21.84 billion, a P/E ratio of 28.35, a price-to-earnings-growth ratio of 2.41 and a beta of 0.83. IHS Markit Ltd has a 1-year low of $44.52 and a 1-year high of $57.69. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.61.

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

Several equities research analysts have commented on the stock. BidaskClub upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Wednesday, March 20th. Piper Jaffray Companies raised their price target on shares of IHS Markit from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. UBS Group increased their price objective on shares of IHS Markit from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, March 12th. Finally, Morgan Stanley increased their price objective on shares of IHS Markit from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. IHS Markit currently has an average rating of “Buy” and an average price target of $58.86.

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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.

See Also: Cost of Capital

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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