IHS Markit Ltd. (NASDAQ:INFO) Shares Sold by Sei Investments Co.
Sei Investments Co. cut its position in IHS Markit Ltd. (NASDAQ:INFO) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,364,156 shares of the business services provider’s stock after selling 395,628 shares during the period. IHS Markit comprises approximately 0.9% of Sei Investments Co.’s holdings, making the stock its 11th largest position. Sei Investments Co. owned 1.34% of IHS Markit worth $236,237,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Independent Portfolio Consultants Inc. bought a new position in IHS Markit during the first quarter valued at about $575,000. Korea Investment CORP increased its position in IHS Markit by 884.0% in the first quarter. Korea Investment CORP now owns 4,182 shares of the business services provider’s stock valued at $175,000 after buying an additional 3,757 shares during the period. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of IHS Markit during the first quarter worth approximately $613,000. Candriam Luxembourg S.C.A. purchased a new stake in shares of IHS Markit during the first quarter worth approximately $1,170,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of IHS Markit during the first quarter worth approximately $373,000. Institutional investors and hedge funds own 98.13% of the company’s stock.
Shares of IHS Markit Ltd. (INFO) traded up 1.09% during mid-day trading on Friday, hitting $45.65. The company’s stock had a trading volume of 1,550,442 shares. The company has a market cap of $18.25 billion, a PE ratio of 84.38 and a beta of 0.88. The stock has a 50-day moving average of $45.36 and a 200-day moving average of $43.25. IHS Markit Ltd. has a 12-month low of $34.13 and a 12-month high of $47.92.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, June 27th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $906.10 million for the quarter, compared to the consensus estimate of $897.80 million. IHS Markit had a return on equity of 7.33% and a net margin of 6.66%. The firm’s quarterly revenue was up 54.1% on a year-over-year basis. On average, equities research analysts forecast that IHS Markit Ltd. will post $2.06 EPS for the current year.
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INFO has been the topic of a number of recent research reports. Morgan Stanley reiterated an “underweight” rating and issued a $41.00 target price (up previously from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. Deutsche Bank AG reiterated a “buy” rating and issued a $52.00 target price (up previously from $50.00) on shares of IHS Markit in a research report on Friday, June 16th. Stifel Nicolaus upped their price objective on IHS Markit from $38.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. BMO Capital Markets restated a “buy” rating on shares of IHS Markit in a research report on Thursday, April 27th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $41.00 price objective on shares of IHS Markit in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.00.
In related news, EVP Jonathan Gear sold 30,004 shares of IHS Markit stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $44.43, for a total transaction of $1,333,077.72. Following the sale, the executive vice president now directly owns 328,874 shares of the company’s stock, valued at $14,611,871.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Daniel Yergin sold 43,657 shares of IHS Markit stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $44.17, for a total value of $1,928,329.69. Following the sale, the insider now directly owns 364,703 shares in the company, valued at $16,108,931.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,331,463 shares of company stock worth $104,858,385.
IHS Markit Company 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.
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