Norinchukin Bank The cut its stake in shares of IHS Markit Ltd (NASDAQ:INFO) by 36.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,851 shares of the business services provider’s stock after selling 24,263 shares during the quarter. Norinchukin Bank The’s holdings in IHS Markit were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. American International Group Inc. lifted its position in IHS Markit by 27.7% during the fourth quarter. American International Group Inc. now owns 156,617 shares of the business services provider’s stock valued at $7,071,000 after purchasing an additional 33,997 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in IHS Markit during the fourth quarter valued at approximately $21,412,000. Tower Research Capital LLC TRC lifted its position in IHS Markit by 779.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,094 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 4,515 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in IHS Markit by 1.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,141,533 shares of the business services provider’s stock valued at $51,540,000 after purchasing an additional 15,250 shares during the last quarter. Finally, BlackRock Inc. lifted its position in IHS Markit by 2.3% during the fourth quarter. BlackRock Inc. now owns 23,036,135 shares of the business services provider’s stock valued at $1,040,081,000 after purchasing an additional 512,484 shares during the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.
IHS Markit Ltd (NASDAQ INFO) opened at $46.82 on Friday. The company has a market cap of $19,727.89, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83. IHS Markit Ltd has a one year low of $37.82 and a one year high of $49.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.53 and a current ratio of 0.53.
In related news, CFO Todd S. Hyatt sold 25,000 shares of IHS Markit stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $47.40, for a total value of $1,185,000.00. Following the transaction, the chief financial officer now directly owns 415,128 shares of the company’s stock, valued at $19,677,067.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Adam Jason Kansler sold 50,000 shares of IHS Markit stock in a transaction on Friday, January 19th. The stock was sold at an average price of $48.00, for a total transaction of $2,400,000.00. Following the completion of the transaction, the executive vice president now directly owns 146,612 shares in the company, valued at $7,037,376. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,562 shares of company stock worth $9,923,853.
INFO has been the subject of several research analyst reports. Goldman Sachs Group initiated coverage on shares of IHS Markit in a research report on Wednesday, November 8th. They set a “buy” rating and a $55.00 target price for the company. SunTrust Banks lifted their target price on shares of IHS Markit to $48.00 and gave the company a “hold” rating in a research report on Tuesday, November 14th. William Blair lowered shares of IHS Markit from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 15th. Zacks Investment Research raised shares of IHS Markit from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 16th. Finally, UBS Group decreased their price target on shares of IHS Markit from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $49.14.
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IHS Markit 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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