IHS Markit Ltd (INFO) Shares Sold by Xact Kapitalforvaltning AB
Xact Kapitalforvaltning AB lowered its stake in shares of IHS Markit Ltd (NASDAQ:INFO) by 2.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 80,481 shares of the business services provider’s stock after selling 2,232 shares during the period. Xact Kapitalforvaltning AB’s holdings in IHS Markit were worth $4,343,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in IHS Markit by 5,788.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,061 shares of the business services provider’s stock worth $106,000 after purchasing an additional 2,026 shares in the last quarter. Fort L.P. acquired a new position in IHS Markit in the second quarter worth about $122,000. Tower Research Capital LLC TRC acquired a new position in IHS Markit in the second quarter worth about $124,000. Great West Life Assurance Co. Can acquired a new position in IHS Markit in the second quarter worth about $173,000. Finally, Wetherby Asset Management Inc. acquired a new position in IHS Markit in the second quarter worth about $208,000. 96.47% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Todd S. Hyatt sold 14,517 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $54.01, for a total transaction of $784,063.17. Following the completion of the sale, the chief financial officer now owns 341,598 shares of the company’s stock, valued at $18,449,707.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.68% of the company’s stock.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $991.05 million. IHS Markit had a net margin of 14.57% and a return on equity of 9.55%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. Equities analysts predict that IHS Markit Ltd will post 1.82 earnings per share for the current year.
INFO has been the subject of several recent research reports. SunTrust Banks increased their price target on shares of IHS Markit to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. They noted that the move was a valuation call. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Tuesday, September 25th. BidaskClub raised shares of IHS Markit from a “hold” rating to a “buy” rating in a research report on Wednesday, September 5th. ValuEngine raised shares of IHS Markit from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, Stifel Nicolaus raised their price objective on shares of IHS Markit from $54.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. IHS Markit has an average rating of “Buy” and a consensus price target of $57.43.
About IHS Markit
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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