Thrivent Financial For Lutherans Invests $670,000 in IHS Markit Ltd (INFO)

Thrivent Financial For Lutherans acquired a new position in shares of IHS Markit Ltd (NASDAQ:INFO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 14,839 shares of the business services provider’s stock, valued at approximately $670,000.

Other large investors have also recently bought and sold shares of the company. Zions Bancorporation bought a new position in IHS Markit in the third quarter valued at approximately $126,000. Capital One National Association bought a new position in IHS Markit in the fourth quarter valued at approximately $211,000. Caxton Associates LP bought a new position in IHS Markit in the third quarter valued at approximately $229,000. Tower Research Capital LLC TRC grew its stake in IHS Markit by 779.8% in 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 purchasing an additional 4,515 shares in the last quarter. Finally, ETRADE Capital Management LLC bought a new position in IHS Markit in the fourth quarter valued at approximately $247,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

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In other news, CFO Todd S. Hyatt sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $47.40, for a total value of $1,185,000.00. Following the completion of the sale, the chief financial officer now directly owns 415,128 shares of the company’s stock, valued at $19,677,067.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Daniel Yergin sold 66,871 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $47.46, for a total value of $3,173,697.66. Following the completion of the sale, the insider now directly owns 338,776 shares of the company’s stock, valued at $16,078,308.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,562 shares of company stock valued at $9,923,853. Insiders own 2.68% of the company’s stock.

A number of research analysts have weighed in on INFO shares. Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Tuesday, January 16th. Royal Bank of Canada restated a “buy” rating and issued a $52.00 price target on shares of IHS Markit in a research note on Wednesday, December 20th. SunTrust Banks upgraded IHS Markit from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. BidaskClub downgraded IHS Markit from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 30th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $54.00 price target on shares of IHS Markit in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. IHS Markit presently has an average rating of “Buy” and an average price target of $49.43.

Shares of IHS Markit stock opened at $46.87 on Friday. IHS Markit Ltd has a 52-week low of $39.40 and a 52-week high of $49.49. The stock has a market capitalization of $18,724.24, a P/E ratio of 28.07, a PEG ratio of 2.18 and a beta of 0.82. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.53.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings data 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. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The company had revenue of $944.70 million during the quarter, compared to analysts’ expectations of $912.65 million. During the same period last year, the firm posted $0.48 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. sell-side analysts anticipate that IHS Markit Ltd will post 1.84 EPS for the current year.

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About IHS Markit

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.

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

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