Short Interest in IHS Markit Ltd (INFO) Decreases By 13.0%

IHS Markit Ltd (NASDAQ:INFO) was the recipient of a significant drop in short interest during the month of March. As of March 29th, there was short interest totalling 11,750,628 shares, a drop of 13.0% from the March 15th total of 13,510,755 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average trading volume of 2,465,781 shares, the days-to-cover ratio is presently 4.8 days.

Shares of INFO opened at $48.52 on Friday. The stock has a market cap of $18,920.57, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.26 and a beta of 0.78. IHS Markit has a 12 month low of $42.18 and a 12 month high of $50.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.79 and a current ratio of 0.79.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, March 27th. The business services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The company had revenue of $932.10 million for the quarter, compared to analysts’ expectations of $906.91 million. IHS Markit had a return on equity of 9.33% and a net margin of 16.06%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. equities research analysts predict that IHS Markit will post 1.84 earnings per share for the current fiscal year.



INFO has been the topic of a number of research analyst reports. Zacks Investment Research cut IHS Markit from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Wednesday, January 3rd. Royal Bank of Canada reiterated a “buy” rating and issued a $52.00 target price on shares of IHS Markit in a report on Wednesday, December 20th. Morgan Stanley lifted their target price on IHS Markit from $43.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday, March 28th. ValuEngine upgraded IHS Markit from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, BidaskClub cut IHS Markit from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $52.31.

In related news, CFO Todd S. Hyatt sold 25,000 shares of IHS Markit stock in a transaction on 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 transaction, the chief financial officer now owns 415,128 shares in the company, valued at $19,677,067.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Daniel Yergin sold 66,871 shares of IHS Markit stock in a transaction on 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 transaction, the insider now owns 338,776 shares in the company, valued at approximately $16,078,308.96. The disclosure for this sale can be found here. Insiders sold 435,962 shares of company stock worth $20,924,019 in the last quarter. 2.68% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. BT Investment Management Ltd lifted its stake in shares of IHS Markit by 19.6% in the fourth quarter. BT Investment Management Ltd now owns 7,039,476 shares of the business services provider’s stock worth $317,832,000 after acquiring an additional 1,152,197 shares in the last quarter. Farallon Capital Management LLC lifted its stake in shares of IHS Markit by 33.0% in the fourth quarter. Farallon Capital Management LLC now owns 4,217,914 shares of the business services provider’s stock worth $190,439,000 after acquiring an additional 1,047,215 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its stake in shares of IHS Markit by 105.5% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 2,015,218 shares of the business services provider’s stock worth $90,987,000 after acquiring an additional 1,034,553 shares in the last quarter. Atlantic Trust Group LLC lifted its stake in shares of IHS Markit by 458.4% in the third quarter. Atlantic Trust Group LLC now owns 1,141,009 shares of the business services provider’s stock worth $50,295,000 after acquiring an additional 936,666 shares in the last quarter. Finally, Sunriver Management LLC acquired a new position in shares of IHS Markit in the fourth quarter worth about $40,253,000. Institutional investors own 97.13% of the company’s stock.

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About IHS Markit

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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