IHS Markit (INFO) Stake Lessened by Todd Asset Management LLC

Todd Asset Management LLC lowered its stake in shares of IHS Markit (NASDAQ:INFO) by 38.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 493,209 shares of the business services provider’s stock after selling 313,071 shares during the quarter. Todd Asset Management LLC owned about 0.13% of IHS Markit worth $23,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in IHS Markit by 13.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 154,049 shares of the business services provider’s stock worth $6,790,000 after buying an additional 18,792 shares during the period. Bank of Montreal Can increased its holdings in IHS Markit by 3.9% in the 4th quarter. Bank of Montreal Can now owns 139,919 shares of the business services provider’s stock worth $6,318,000 after buying an additional 5,316 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in IHS Markit by 1.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,367,137 shares of the business services provider’s stock worth $61,727,000 after buying an additional 14,857 shares during the period. State of Alaska Department of Revenue increased its holdings in IHS Markit by 80.8% in the 4th quarter. State of Alaska Department of Revenue now owns 54,831 shares of the business services provider’s stock worth $2,473,000 after buying an additional 24,500 shares during the period. Finally, Middleton & Co Inc MA increased its holdings in IHS Markit by 5.1% in the 4th quarter. Middleton & Co Inc MA now owns 149,146 shares of the business services provider’s stock worth $6,734,000 after buying an additional 7,198 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Shares of IHS Markit opened at $50.70 on Friday, Marketbeat.com reports. IHS Markit has a 1 year low of $42.40 and a 1 year high of $52.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $19.87 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 2.33 and a beta of 0.78.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, March 27th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. IHS Markit had a net margin of 16.06% and a return on equity of 9.33%. The business had revenue of $932.10 million during the quarter, compared to the consensus estimate of $906.91 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. sell-side analysts expect that IHS Markit will post 1.84 EPS for the current fiscal year.

A number of equities research analysts have recently commented on INFO shares. Morgan Stanley raised their price objective on shares of IHS Markit from $43.00 to $44.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 28th. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Wednesday, March 7th. ValuEngine raised shares of IHS Markit from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BidaskClub cut shares of IHS Markit from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, January 30th. Finally, Cantor Fitzgerald raised their price objective on shares of IHS Markit from $47.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. IHS Markit currently has a consensus rating of “Buy” and an average price target of $53.92.

In other IHS Markit news, Director Ruann Faye Ernst sold 7,400 shares of the business’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $47.59, for a total value of $352,166.00. Following the transaction, the director now directly owns 69,312 shares in the company, valued at $3,298,558.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lance Darrell Gordon Uggla sold 60,000 shares of the business’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $48.81, for a total transaction of $2,928,600.00. Following the completion of the transaction, the chief executive officer now owns 376,023 shares in the company, valued at $18,353,682.63. The disclosure for this sale can be found here. Insiders sold a total of 622,400 shares of company stock valued at $30,314,866 over the last ninety days. 2.68% of the stock is currently owned by insiders.

IHS Markit 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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Institutional Ownership by Quarter for IHS Markit (NASDAQ:INFO)

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