Meadow Creek Investment Management LLC Grows Stake in IHS Markit Ltd (NASDAQ:INFO)
Meadow Creek Investment Management LLC increased its holdings in shares of IHS Markit Ltd (NASDAQ:INFO) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,412 shares of the business services provider’s stock after purchasing an additional 1,716 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in IHS Markit were worth $1,747,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. purchased a new stake in shares of IHS Markit during the second quarter worth about $25,000. Cornerstone Advisors Inc. grew its position in shares of IHS Markit by 87.6% during the second quarter. Cornerstone Advisors Inc. now owns 574 shares of the business services provider’s stock worth $37,000 after purchasing an additional 268 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of IHS Markit during the second quarter worth about $44,000. Rehmann Capital Advisory Group grew its position in shares of IHS Markit by 21.5% during the first quarter. Rehmann Capital Advisory Group now owns 972 shares of the business services provider’s stock worth $53,000 after purchasing an additional 172 shares in the last quarter. Finally, Icon Wealth Partners LLC purchased a new stake in shares of IHS Markit during the first quarter worth about $58,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.
Shares of NASDAQ:INFO traded down $0.04 during trading on Friday, hitting $67.53. The company had a trading volume of 62,493 shares, compared to its average volume of 1,791,109. The stock has a market cap of $26.99 billion, a price-to-earnings ratio of 34.25, a price-to-earnings-growth ratio of 2.83 and a beta of 0.82. IHS Markit Ltd has a one year low of $44.52 and a one year high of $68.88. The company has a fifty day simple moving average of $64.90 and a two-hundred day simple moving average of $59.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.66 and a quick ratio of 0.66.
In other news, EVP Sari Beth Granat sold 25,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $65.00, for a total value of $1,625,000.00. Following the sale, the executive vice president now directly owns 61,141 shares in the company, valued at $3,974,165. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Adam Jason Kansler sold 150,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $65.09, for a total value of $9,763,500.00. Following the completion of the sale, the executive vice president now owns 269,467 shares in the company, valued at $17,539,607.03. The disclosure for this sale can be found here. Insiders sold a total of 300,483 shares of company stock valued at $19,436,699 over the last ninety days. Corporate insiders own 1.11% of the company’s stock.
Several research firms recently issued reports on INFO. Cantor Fitzgerald increased their target price on IHS Markit from $51.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. Canaccord Genuity began coverage on IHS Markit in a research report on Thursday. They set a “buy” rating and a $78.00 target price for the company. BidaskClub lowered IHS Markit from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Deutsche Bank increased their price target on IHS Markit from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Piper Jaffray Companies increased their price target on IHS Markit from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $63.36.
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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