Swiss National Bank decreased its holdings in IHS Markit Ltd (NYSE:INFO) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,201,612 shares of the business services provider’s stock after selling 52,500 shares during the quarter. Swiss National Bank’s holdings in IHS Markit were worth $90,541,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Strategic Blueprint LLC bought a new position in IHS Markit during the third quarter valued at $32,000. TCI Wealth Advisors Inc. increased its position in shares of IHS Markit by 97.3% in the 4th quarter. TCI Wealth Advisors Inc. now owns 724 shares of the business services provider’s stock valued at $55,000 after buying an additional 357 shares in the last quarter. CWM LLC increased its position in shares of IHS Markit by 67.3% in the 4th quarter. CWM LLC now owns 1,126 shares of the business services provider’s stock valued at $85,000 after buying an additional 453 shares in the last quarter. Allred Capital Management LLC bought a new stake in shares of IHS Markit in the 4th quarter valued at $86,000. Finally, Quest Capital Management Inc. ADV bought a new stake in shares of IHS Markit in the 3rd quarter valued at $79,000. 98.76% of the stock is currently owned by institutional investors.
A number of research firms have issued reports on INFO. SunTrust Banks increased their target price on IHS Markit to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Jefferies Financial Group began coverage on IHS Markit in a report on Wednesday, November 27th. They set a “hold” rating and a $76.00 target price for the company. Barclays reiterated a “buy” rating and set a $85.00 target price on shares of IHS Markit in a report on Wednesday, December 18th. Royal Bank of Canada increased their target price on IHS Markit from $84.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets cut IHS Markit from an “outperform” rating to a “market perform” rating and set a $83.00 target price for the company. in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $76.60.
IHS Markit (NYSE:INFO) last posted its quarterly earnings data on Tuesday, January 14th. The business services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. IHS Markit had a net margin of 11.39% and a return on equity of 10.95%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business posted $0.57 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, analysts expect that IHS Markit Ltd will post 2.4 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, February 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.84%. IHS Markit’s dividend payout ratio is 32.54%.
In related news, CAO Michael M. Easton sold 20,303 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $80.59, for a total transaction of $1,636,218.77. Following the sale, the chief accounting officer now directly owns 32,355 shares in the company, valued at approximately $2,607,489.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Gear sold 16,191 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $80.08, for a total transaction of $1,296,575.28. Following the sale, the executive vice president now owns 151,960 shares in the company, valued at $12,168,956.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,667,782 shares of company stock valued at $129,669,379. Company insiders own 1.11% of the company’s stock.
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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