IHS Markit Ltd. (NASDAQ:INFO) Shares Sold by Morse Asset Management Inc
Morse Asset Management Inc cut its stake in IHS Markit Ltd. (NASDAQ:INFO) by 85.0% during the second quarter, Holdings Channel reports. The institutional investor owned 8,000 shares of the business services provider’s stock after selling 45,450 shares during the period. Morse Asset Management Inc’s holdings in IHS Markit were worth $352,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Independent Portfolio Consultants Inc. acquired a new stake in shares of IHS Markit during the first quarter valued at $575,000. Korea Investment CORP raised 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 during the period. 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. Institutional investors own 98.13% of the company’s stock.
IHS Markit Ltd. (NASDAQ:INFO) opened at 45.36 on Thursday. IHS Markit Ltd. has a one year low of $34.12 and a one year high of $47.92. The company’s 50-day moving average is $45.44 and its 200 day moving average is $43.18. The company has a market capitalization of $18.13 billion, a P/E ratio of 83.84 and a beta of 0.88.
IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, June 27th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. The firm had revenue of $906.10 million for the quarter, compared to the consensus estimate of $897.80 million. IHS Markit had a net margin of 6.66% and a return on equity of 7.33%. The firm’s revenue was up 54.1% compared to the same quarter last year. Analysts predict that IHS Markit Ltd. will post $2.06 EPS for the current year.
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Several analysts have recently weighed in on INFO shares. Morgan Stanley reiterated an “underweight” rating and set a $41.00 target price (up from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. Deutsche Bank AG reiterated a “buy” rating and set a $52.00 target price (up from $50.00) on shares of IHS Markit in a research report on Friday, June 16th. Stifel Nicolaus lifted their target price on shares of IHS Markit from $38.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, April 28th. BMO Capital Markets reiterated a “buy” rating on shares of IHS Markit in a research report on Thursday, April 27th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $41.00 target price 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 issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.00.
In other IHS Markit news, President Lance Darrell Gordon Uggla sold 845,640 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $47.00, for a total transaction of $39,745,080.00. Following the sale, the president now directly owns 1,177,904 shares in the company, valued at $55,361,488. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan Gear sold 30,004 shares of the 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 owns 328,874 shares in the company, valued at $14,611,871.82. The disclosure for this sale can be found here. Insiders have sold 2,331,463 shares of company stock worth $104,858,385 over the last quarter.
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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