Aperio Group LLC Has $2.79 Million Stake in IHS Markit Ltd. (NASDAQ:INFO)
Aperio Group LLC raised its stake in IHS Markit Ltd. (NASDAQ:INFO) by 80.8% during the second quarter, Holdings Channel reports. The institutional investor owned 63,324 shares of the business services provider’s stock after buying an additional 28,300 shares during the period. Aperio Group LLC’s holdings in IHS Markit were worth $2,789,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of INFO. Independent Portfolio Consultants Inc. acquired a new stake in shares of IHS Markit during the first quarter valued at $575,000. Korea Investment CORP boosted its stake in shares of 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 in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of IHS Markit during the first quarter valued at $613,000. Candriam Luxembourg S.C.A. acquired a new stake in shares of IHS Markit during the first quarter valued at $1,170,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of IHS Markit during the first quarter valued at $373,000. 98.11% of the stock is currently owned by institutional investors.
Shares of IHS Markit Ltd. (NASDAQ INFO) traded down 0.58% during mid-day trading on Friday, reaching $46.39. 1,382,509 shares of the company’s stock were exchanged. IHS Markit Ltd. has a one year low of $34.02 and a one year high of $47.92. The stock has a market cap of $18.54 billion, a PE ratio of 85.75 and a beta of 0.88. The company has a 50 day moving average price of $45.63 and a 200-day moving average price of $42.92.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, June 27th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. IHS Markit had a net margin of 6.66% and a return on equity of 7.33%. The firm had revenue of $906.10 million for the quarter, compared to analysts’ expectations of $897.80 million. The company’s revenue was up 54.1% compared to the same quarter last year. On average, analysts predict that IHS Markit Ltd. will post $2.06 EPS for the current year.
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Several brokerages recently weighed in on INFO. Deutsche Bank AG reissued a “buy” rating and issued a $52.00 price objective (up previously from $50.00) on shares of IHS Markit in a research note on Friday, June 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $50.00 price target (up previously from $48.00) on shares of IHS Markit in a research report on Wednesday, June 28th. Morgan Stanley reaffirmed an “underweight” rating and set a $41.00 price target (up previously from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. BMO Capital Markets upped their price target on shares of IHS Markit from $49.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Finally, UBS AG reaffirmed a “neutral” rating and set a $47.00 price target (up previously from $43.00) on shares of IHS Markit in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $45.00.
In other news, Director William E. Ford sold 1,300,000 shares of IHS Markit stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $43.50, for a total transaction of $56,550,000.00. Following the sale, the director now owns 9,639 shares of the company’s stock, valued at approximately $419,296.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Daniel Yergin sold 43,657 shares of IHS Markit stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $44.17, for a total transaction of $1,928,329.69. Following the sale, the insider now directly owns 364,703 shares in the company, valued at approximately $16,108,931.51. The disclosure for this sale can be found here. Insiders sold 2,331,463 shares of company stock worth $104,858,385 in the last 90 days.
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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