IHS Markit Ltd (NASDAQ:INFO) Shares Acquired by Keybank National Association OH

Share on StockTwits

Keybank National Association OH lifted its stake in shares of IHS Markit Ltd (NASDAQ:INFO) by 115.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,316 shares of the business services provider’s stock after purchasing an additional 12,498 shares during the period. Keybank National Association OH’s holdings in IHS Markit were worth $1,486,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Comerica Securities Inc. bought a new position in IHS Markit in the 4th quarter valued at $315,000. Dimensional Fund Advisors LP grew its stake in shares of IHS Markit by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 168,650 shares of the business services provider’s stock worth $8,090,000 after acquiring an additional 6,628 shares during the period. Geode Capital Management LLC grew its stake in shares of IHS Markit by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 4,917,673 shares of the business services provider’s stock worth $235,497,000 after acquiring an additional 376,102 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of IHS Markit by 2.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 19,200 shares of the business services provider’s stock worth $1,044,000 after acquiring an additional 400 shares during the period. Finally, Retirement Systems of Alabama grew its stake in shares of IHS Markit by 2.9% during the 1st quarter. Retirement Systems of Alabama now owns 169,243 shares of the business services provider’s stock worth $9,203,000 after acquiring an additional 4,732 shares during the period. Institutional investors and hedge funds own 96.18% of the company’s stock.

In other IHS Markit news, CFO Todd S. Hyatt sold 25,483 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $63.56, for a total value of $1,619,699.48. Following the completion of the transaction, the chief financial officer now owns 217,600 shares in the company, valued at approximately $13,830,656. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Sari Beth Granat sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $63.04, for a total value of $3,152,000.00. Following the completion of the transaction, the executive vice president now owns 86,141 shares of the company’s stock, valued at approximately $5,430,328.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 300,483 shares of company stock valued at $19,436,699. 1.11% of the stock is owned by corporate insiders.

Shares of INFO stock traded up $1.18 on Friday, hitting $64.83. 1,773,400 shares of the stock were exchanged, compared to its average volume of 1,790,245. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $25.53 billion, a PE ratio of 32.74, a P/E/G ratio of 2.83 and a beta of 0.82. IHS Markit Ltd has a one year low of $44.52 and a one year high of $66.07. The firm’s 50 day moving average is $64.61 and its two-hundred day moving average is $57.95.

IHS Markit (NASDAQ:INFO) last issued its earnings results on Wednesday, June 26th. The business services provider reported $0.71 EPS for the quarter, topping 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 business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts expect that IHS Markit Ltd will post 2.13 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Piper Jaffray Companies increased their price target on IHS Markit from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, June 27th. Deutsche Bank increased their price target on IHS Markit from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. BidaskClub upgraded IHS Markit from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. BMO Capital Markets increased their price target on IHS Markit from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Finally, Cantor Fitzgerald increased their price target on IHS Markit from $51.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. IHS Markit presently has an average rating of “Buy” and an average price target of $61.85.

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.

See Also: What are the advantages of the Stochastic Momentum Index?

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)

Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.