Twin Tree Management LP grew its position in shares of IHS Markit Ltd (NASDAQ:INFO) by 544.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,901 shares of the business services provider’s stock after purchasing an additional 46,385 shares during the quarter. Twin Tree Management LP’s holdings in IHS Markit were worth $2,962,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of IHS Markit by 5,788.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,061 shares of the business services provider’s stock worth $106,000 after buying an additional 2,026 shares during the last quarter. Fort L.P. purchased a new position in shares of IHS Markit during the second quarter worth about $122,000. Tower Research Capital LLC TRC purchased a new position in shares of IHS Markit during the second quarter worth about $124,000. Great West Life Assurance Co. Can purchased a new position in shares of IHS Markit during the second quarter worth about $173,000. Finally, Wetherby Asset Management Inc. purchased a new position in shares of IHS Markit during the second quarter worth about $208,000. 96.98% of the stock is currently owned by institutional investors.
In other news, CFO Todd S. Hyatt sold 14,517 shares of IHS Markit stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $54.01, for a total transaction of $784,063.17. Following the completion of the sale, the chief financial officer now directly owns 341,598 shares in the company, valued at approximately $18,449,707.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.68% of the stock is currently owned by company insiders.
IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. IHS Markit had a net margin of 14.57% and a return on equity of 9.55%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.05 million. During the same quarter last year, the firm earned $0.57 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts anticipate that IHS Markit Ltd will post 1.82 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on INFO shares. BidaskClub lowered IHS Markit from a “buy” rating to a “hold” rating in a report on Friday, August 24th. BMO Capital Markets raised their price target on IHS Markit from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, September 4th. Morgan Stanley set a $49.00 price objective on shares of IHS Markit and gave the company a “sell” rating in a research report on Thursday, September 13th. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, September 25th. Finally, Stifel Nicolaus raised their price objective on shares of IHS Markit from $54.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.00.
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.
Further Reading: Balance Sheet
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