CIBC Private Wealth Group LLC Has $101.14 Million Holdings in IHS Markit Ltd (INFO)

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CIBC Private Wealth Group LLC raised its position in IHS Markit Ltd (NASDAQ:INFO) by 17.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,108,450 shares of the business services provider’s stock after acquiring an additional 315,669 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in IHS Markit were worth $101,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Financial Gravity Companies Inc. acquired a new position in IHS Markit in the 4th quarter worth approximately $27,000. Avestar Capital LLC boosted its stake in IHS Markit by 10,250.0% in the 4th quarter. Avestar Capital LLC now owns 1,035 shares of the business services provider’s stock worth $31,000 after purchasing an additional 1,025 shares during the period. We Are One Seven LLC acquired a new position in IHS Markit in the 4th quarter worth approximately $66,000. Advisors Asset Management Inc. boosted its stake in IHS Markit by 63.7% in the 4th quarter. Advisors Asset Management Inc. now owns 1,617 shares of the business services provider’s stock worth $78,000 after purchasing an additional 629 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in IHS Markit by 16.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,012 shares of the business services provider’s stock worth $97,000 after purchasing an additional 278 shares during the period. Institutional investors own 95.99% of the company’s stock.

A number of equities analysts recently commented on the stock. BidaskClub lowered shares of IHS Markit from a “buy” rating to a “hold” rating in a research note on Saturday, December 15th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $51.00 price objective on shares of IHS Markit in a research note on Tuesday, January 15th. Morgan Stanley set a $46.00 price objective on shares of IHS Markit and gave the stock a “sell” rating in a research note on Monday, October 15th. Zacks Investment Research lowered shares of IHS Markit from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Finally, UBS Group decreased their price objective on shares of IHS Markit from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.93.

INFO stock opened at $52.41 on Monday. IHS Markit Ltd has a 12-month low of $43.07 and a 12-month high of $55.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $20.83 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 2.32 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last released its earnings results on Tuesday, January 15th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. IHS Markit had a net margin of 13.53% and a return on equity of 9.58%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. On average, research analysts expect that IHS Markit Ltd will post 2.12 earnings per share for the current fiscal year.

In other IHS Markit news, CFO Todd S. Hyatt sold 7,942 shares of the stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $52.03, for a total value of $413,222.26. Following the completion of the sale, the chief financial officer now owns 283,083 shares in the company, valued at approximately $14,728,808.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jonathan Gear sold 46,460 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total transaction of $2,417,313.80. Following the completion of the sale, the executive vice president now owns 183,738 shares of the company’s stock, valued at approximately $9,559,888.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,863 shares of company stock valued at $3,478,882. Insiders own 2.68% of the company’s stock.

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IHS Markit 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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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).

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

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