Treasurer of the State of North Carolina Sells 18,710 Shares of IHS Markit Ltd (NYSE:INFO)

Treasurer of the State of North Carolina lowered its stake in IHS Markit Ltd (NYSE:INFO) by 9.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 172,405 shares of the business services provider’s stock after selling 18,710 shares during the period. Treasurer of the State of North Carolina’s holdings in IHS Markit were worth $10,986,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of INFO. Redhawk Wealth Advisors Inc. bought a new position in IHS Markit in the second quarter valued at about $25,000. Cornerstone Advisors Inc. grew its position in IHS Markit by 87.6% in the second quarter. Cornerstone Advisors Inc. now owns 574 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 268 shares during the last quarter. Meeder Asset Management Inc. bought a new position in IHS Markit in the second quarter valued at about $44,000. Rehmann Capital Advisory Group grew its position in IHS Markit by 21.5% in the first quarter. Rehmann Capital Advisory Group now owns 972 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 172 shares during the last quarter. Finally, Resources Investment Advisors Inc. bought a new position in IHS Markit in the first quarter valued at about $70,000. Institutional investors own 96.90% of the company’s stock.

Shares of IHS Markit stock traded up $0.97 during midday trading on Friday, reaching $67.49. The company had a trading volume of 37,675 shares, compared to its average volume of 2,817,613. The stock has a fifty day moving average price of $65.96 and a 200 day moving average price of $60.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market cap of $26.85 billion, a PE ratio of 34.07, a P/E/G ratio of 2.63 and a beta of 0.79. IHS Markit Ltd has a fifty-two week low of $44.52 and a fifty-two week high of $68.88.

IHS Markit (NYSE:INFO) last posted its quarterly earnings data on Tuesday, September 24th. The business services provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.14. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. IHS Markit had a return on equity of 10.35% and a net margin of 8.74%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 earnings per share. As a group, sell-side analysts forecast that IHS Markit Ltd will post 2.13 EPS for the current year.

A number of analysts have recently commented on the company. Cantor Fitzgerald lifted their price target on IHS Markit from $51.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. SunTrust Banks lifted their price target on IHS Markit from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Deutsche Bank lifted their price target on IHS Markit from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Piper Jaffray Companies lifted their price target on IHS Markit from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, June 27th. Finally, Canaccord Genuity assumed coverage on IHS Markit in a research note on Thursday, September 12th. They set a “buy” rating and a $78.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $68.50.

In related news, CFO Todd S. Hyatt sold 25,483 shares of IHS Markit stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 217,600 shares of the company’s stock, valued at $13,830,656. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Adam Jason Kansler sold 50,000 shares of IHS Markit stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $65.53, for a total value of $3,276,500.00. Following the completion of the transaction, the executive vice president now directly owns 169,467 shares in the company, valued at $11,105,172.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,483 shares of company stock worth $6,521,199. 2.68% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for IHS Markit (NYSE:INFO)

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