IHS Markit Ltd (INFO) Position Lowered by GSA Capital Partners LLP

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GSA Capital Partners LLP lessened its position in shares of IHS Markit Ltd (NASDAQ:INFO) by 81.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,098 shares of the business services provider’s stock after selling 44,164 shares during the period. GSA Capital Partners LLP’s holdings in IHS Markit were worth $484,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in INFO. Canada Pension Plan Investment Board increased its holdings in IHS Markit by 21.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 22,031,949 shares of the business services provider’s stock worth $1,056,784,000 after purchasing an additional 3,927,202 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of IHS Markit by 4,638.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,860,373 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 1,821,111 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of IHS Markit by 230.0% in the 3rd quarter. Federated Investors Inc. PA now owns 1,217,961 shares of the business services provider’s stock valued at $65,721,000 after acquiring an additional 848,915 shares in the last quarter. BlackRock Inc. grew its holdings in shares of IHS Markit by 3.6% in the 4th quarter. BlackRock Inc. now owns 23,244,306 shares of the business services provider’s stock valued at $1,115,027,000 after acquiring an additional 809,731 shares in the last quarter. Finally, Montag & Caldwell LLC grew its holdings in shares of IHS Markit by 12,539.5% in the 4th quarter. Montag & Caldwell LLC now owns 606,190 shares of the business services provider’s stock valued at $29,079,000 after acquiring an additional 601,394 shares in the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.

In other news, EVP Jonathan Gear sold 15,587 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $52.51, for a total transaction of $818,473.37. Following the transaction, the executive vice president now owns 168,151 shares in the company, valued at $8,829,609.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Rosenthal bought 1,000 shares of IHS Markit stock in a transaction dated Friday, December 28th. The shares were bought at an average cost of $47.30 per share, with a total value of $47,300.00. Following the completion of the transaction, the director now directly owns 11,397 shares in the company, valued at $539,078.10. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 82,450 shares of company stock worth $4,297,355. 1.11% of the stock is owned by company insiders.

INFO has been the subject of several recent analyst reports. BidaskClub upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a research note on Tuesday, December 4th. SunTrust Banks cut their target price on shares of IHS Markit to $62.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of IHS Markit from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. Cantor Fitzgerald reiterated a “hold” rating and issued a $51.00 target price on shares of IHS Markit in a research note on Tuesday, January 15th. Finally, UBS Group cut their target price 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 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. IHS Markit presently has an average rating of “Buy” and a consensus price target of $58.13.

NASDAQ INFO opened at $54.13 on Friday. The firm has a market cap of $22.97 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 2.39 and a beta of 0.82. IHS Markit Ltd has a fifty-two week low of $44.52 and a fifty-two week high of $55.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.61.

IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, January 15th. The business services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. IHS Markit had a net margin of 13.53% and a return on equity of 9.58%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. As a group, sell-side analysts predict that IHS Markit Ltd will post 2.12 earnings per share for the current year.

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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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