Wayne Hummer Investments L.L.C. purchased a new stake in IHS Markit Ltd (NASDAQ:INFO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,500 shares of the business services provider’s stock, valued at approximately $384,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in IHS Markit by 2.3% during the fourth quarter. BlackRock Inc. now owns 23,036,135 shares of the business services provider’s stock worth $1,040,081,000 after purchasing an additional 512,484 shares during the period. Edgewood Management LLC boosted its position in IHS Markit by 0.9% during the third quarter. Edgewood Management LLC now owns 17,088,421 shares of the business services provider’s stock worth $753,258,000 after purchasing an additional 158,338 shares during the period. Principal Financial Group Inc. boosted its position in IHS Markit by 9.9% during the third quarter. Principal Financial Group Inc. now owns 8,194,561 shares of the business services provider’s stock worth $361,216,000 after purchasing an additional 740,460 shares during the period. BT Investment Management Ltd boosted its position in IHS Markit by 19.6% during the fourth quarter. BT Investment Management Ltd now owns 7,039,476 shares of the business services provider’s stock worth $317,832,000 after purchasing an additional 1,152,197 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in IHS Markit by 4.2% during the third quarter. Neuberger Berman Group LLC now owns 6,788,033 shares of the business services provider’s stock worth $299,216,000 after purchasing an additional 275,288 shares during the period. 91.36% of the stock is owned by institutional investors and hedge funds.
In related news, Vice Chairman Daniel Yergin sold 66,871 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.46, for a total value of $3,173,697.66. Following the completion of the transaction, the insider now directly owns 338,776 shares in the company, valued at $16,078,308.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd S. Hyatt sold 25,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $47.40, for a total value of $1,185,000.00. Following the completion of the transaction, the chief financial officer now owns 415,128 shares of the company’s stock, valued at $19,677,067.20. The disclosure for this sale can be found here. Insiders sold 208,562 shares of company stock valued at $9,923,853 over the last 90 days. 2.68% of the stock is currently owned by corporate insiders.
Shares of IHS Markit Ltd (NASDAQ INFO) traded down $0.13 during mid-day trading on Wednesday, hitting $48.84. The stock had a trading volume of 1,856,901 shares, compared to its average volume of 2,180,320. IHS Markit Ltd has a one year low of $37.82 and a one year high of $49.49. The firm has a market capitalization of $19,510.00, a price-to-earnings ratio of 48.84, a PEG ratio of 2.29 and a beta of 0.82. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.45.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The company had revenue of $944.70 million during the quarter, compared to analyst estimates of $912.65 million. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. equities analysts expect that IHS Markit Ltd will post 1.84 EPS for the current fiscal year.
About IHS Markit
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.
Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.