Mirae Asset Global Investments Co. Ltd. grew its position in shares of IHS Markit Ltd (NASDAQ:INFO) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,934 shares of the business services provider’s stock after buying an additional 1,410 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in IHS Markit were worth $572,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in INFO. Teachers Advisors LLC increased its holdings in shares of IHS Markit by 19.9% in the 3rd quarter. Teachers Advisors LLC now owns 1,399,999 shares of the business services provider’s stock valued at $75,544,000 after purchasing an additional 232,284 shares in the last quarter. Comerica Bank increased its holdings in shares of IHS Markit by 5.5% in the 4th quarter. Comerica Bank now owns 318,334 shares of the business services provider’s stock valued at $16,108,000 after purchasing an additional 16,461 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of IHS Markit by 10.5% in the 4th quarter. IFM Investors Pty Ltd now owns 22,863 shares of the business services provider’s stock valued at $1,097,000 after purchasing an additional 2,180 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of IHS Markit by 4,638.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,860,373 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 1,821,111 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of IHS Markit in the 3rd quarter valued at about $588,000. Institutional investors own 91.06% of the company’s stock.
In other news, Director James A. Rosenthal purchased 1,000 shares of the firm’s stock in a transaction on Friday, December 28th. The shares were bought at an average cost of $47.30 per share, with a total value of $47,300.00. Following the purchase, the director now directly owns 11,397 shares of the company’s stock, valued at $539,078.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Gear sold 15,587 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $52.51, for a total transaction of $818,473.37. Following the sale, the executive vice president now directly owns 168,151 shares in the company, valued at $8,829,609.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,450 shares of company stock worth $4,297,355. 1.11% of the stock is owned by corporate insiders.
Shares of NASDAQ INFO opened at $54.13 on Friday. The stock has a market capitalization of $22.97 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 2.39 and a beta of 0.82. IHS Markit Ltd has a 52 week low of $44.52 and a 52 week high of $55.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.47 and a current ratio of 0.47.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, January 15th. The business services provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.12. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. IHS Markit had a net margin of 13.53% and a return on equity of 9.58%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. As a group, equities research analysts expect that IHS Markit Ltd will post 2.12 earnings per share for the current year.
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About IHS Markit
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.
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