Virtu Financial LLC lessened its holdings in IHS Markit Ltd (NASDAQ:INFO) by 48.8% during the 4th quarter, Holdings Channel reports. The firm owned 8,397 shares of the business services provider’s stock after selling 7,991 shares during the period. Virtu Financial LLC’s holdings in IHS Markit were worth $379,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Zions Bancorporation bought a new position in IHS Markit during the third quarter valued at $126,000. Capital One National Association bought a new position in IHS Markit during the fourth quarter valued at $211,000. Tower Research Capital LLC TRC increased its position in IHS Markit by 779.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,094 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 4,515 shares during the last quarter. Caxton Associates LP bought a new position in IHS Markit during the third quarter valued at $229,000. Finally, Conning Inc. bought a new position in IHS Markit during the fourth quarter valued at $262,000. Institutional investors own 90.75% of the company’s stock.
INFO has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday, December 6th. SunTrust Banks upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. Royal Bank of Canada reiterated a “buy” rating and set a $52.00 price objective on shares of IHS Markit in a research report on Wednesday, December 20th. UBS Group cut their price objective on shares of IHS Markit from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, November 17th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of IHS Markit in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.29.
Shares of IHS Markit Ltd (INFO) opened at $49.06 on Friday. The stock has a market cap of $20,424.41, a price-to-earnings ratio of 28.80, a PEG ratio of 2.24 and a beta of 0.82. IHS Markit Ltd has a one year low of $37.82 and a one year high of $49.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.53 and a current ratio of 0.53.
IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.10. The firm had revenue of $944.70 million during the quarter, compared to analyst estimates of $912.65 million. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 earnings per share. sell-side analysts predict that IHS Markit Ltd will post 1.84 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3253133/virtu-financial-llc-trims-position-in-ihs-markit-ltd-info.html.
IHS Markit Profile
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.
Want to see what other hedge funds are holding INFO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IHS Markit Ltd (NASDAQ:INFO).
Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.