Xact Kapitalforvaltning AB Sells 2,232 Shares of IHS Markit Ltd (INFO)

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Xact Kapitalforvaltning AB cut its holdings in IHS Markit Ltd (NASDAQ:INFO) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,481 shares of the business services provider’s stock after selling 2,232 shares during the period. Xact Kapitalforvaltning AB’s holdings in IHS Markit were worth $4,343,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in IHS Markit by 5,788.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,061 shares of the business services provider’s stock worth $106,000 after purchasing an additional 2,026 shares in the last quarter. Fort L.P. bought a new stake in IHS Markit in the second quarter worth $122,000. Tower Research Capital LLC TRC bought a new stake in IHS Markit in the second quarter worth $124,000. Great West Life Assurance Co. Can bought a new stake in IHS Markit in the second quarter worth $173,000. Finally, Wetherby Asset Management Inc. bought a new stake in IHS Markit in the second quarter worth $208,000. Hedge funds and other institutional investors own 96.47% of the company’s stock.

INFO stock opened at $52.05 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.43 and a quick ratio of 0.43. IHS Markit Ltd has a 52-week low of $42.40 and a 52-week high of $55.99. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.50 and a beta of 0.77.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, September 25th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. IHS Markit had a net margin of 14.57% and a return on equity of 9.55%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.05 million. During the same period in the prior year, the company earned $0.57 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts anticipate that IHS Markit Ltd will post 1.82 EPS for the current fiscal year.

In other IHS Markit news, CFO Todd S. Hyatt sold 14,517 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $54.01, for a total transaction of $784,063.17. Following the completion of the sale, the chief financial officer now directly owns 341,598 shares in the company, valued at $18,449,707.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.68% of the stock is owned by corporate insiders.

INFO has been the subject of a number of recent research reports. Morgan Stanley set a $49.00 price objective on shares of IHS Markit and gave the stock a “sell” rating in a report on Thursday, September 13th. BMO Capital Markets upped their price objective on shares of IHS Markit from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, September 4th. Zacks Investment Research cut shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Friday, September 28th. BidaskClub cut shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Friday, August 24th. Finally, SunTrust Banks upped their price objective on shares of IHS Markit to $66.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $57.43.

IHS Markit Company Profile

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 (NASDAQ:INFO)

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