Crossmark Global Holdings Inc. increased its position in shares of IHS Markit Ltd. (NASDAQ:INFO) by 23.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,474 shares of the business services provider’s stock after acquiring an additional 5,253 shares during the period. Crossmark Global Holdings Inc.’s holdings in IHS Markit were worth $1,240,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Zions Bancorporation purchased a new stake in IHS Markit during the 3rd quarter worth about $126,000. Huntington National Bank purchased a new stake in IHS Markit during the 3rd quarter worth about $173,000. Highstreet Asset Management Inc. purchased a new stake in IHS Markit during the 3rd quarter worth about $205,000. Caxton Associates LP purchased a new stake in IHS Markit during the 3rd quarter worth about $229,000. Finally, QS Investors LLC increased its holdings in IHS Markit by 204.9% during the 2nd quarter. QS Investors LLC now owns 5,803 shares of the business services provider’s stock worth $256,000 after purchasing an additional 3,900 shares during the period. 99.38% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on INFO. Stifel Nicolaus restated a “hold” rating on shares of IHS Markit in a report on Tuesday, January 16th. SunTrust Banks restated a “buy” rating and set a $54.00 price target on shares of IHS Markit in a report on Wednesday, January 17th. BMO Capital Markets restated a “buy” rating and set a $52.00 price target on shares of IHS Markit in a report on Wednesday, January 17th. Piper Jaffray Companies restated a “buy” rating and set a $54.00 price target on shares of IHS Markit in a report on Wednesday, January 17th. Finally, Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. IHS Markit presently has an average rating of “Buy” and an average target price of $49.14.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The business had revenue of $944.70 million for the quarter, compared to the consensus estimate of $912.65 million. During the same quarter in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. sell-side analysts forecast that IHS Markit Ltd. will post 1.84 earnings per share for the current year.
In related news, CFO Todd S. Hyatt sold 25,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $47.40, for a total value of $1,185,000.00. Following the completion of the sale, the chief financial officer now directly owns 415,128 shares of the company’s stock, valued at approximately $19,677,067.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Daniel Yergin sold 66,871 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $47.46, for a total value of $3,173,697.66. Following the completion of the sale, the insider now directly owns 338,776 shares of the company’s stock, valued at $16,078,308.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 208,562 shares of company stock worth $9,923,853.
IHS Markit Company Profile
IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.
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