Riverhead Capital Management LLC Purchases 1,412 Shares of IHS Markit Ltd (NASDAQ:INFO)

Riverhead Capital Management LLC boosted its position in IHS Markit Ltd (NASDAQ:INFO) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,570 shares of the business services provider’s stock after purchasing an additional 1,412 shares during the period. Riverhead Capital Management LLC’s holdings in IHS Markit were worth $992,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in INFO. BlackRock Inc. raised its holdings in IHS Markit by 2.3% in the 1st quarter. BlackRock Inc. now owns 23,774,744 shares of the business services provider’s stock worth $1,292,870,000 after purchasing an additional 530,438 shares during the period. Edgewood Management LLC grew its position in shares of IHS Markit by 1.0% during the second quarter. Edgewood Management LLC now owns 18,697,230 shares of the business services provider’s stock worth $1,191,388,000 after purchasing an additional 181,115 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of IHS Markit by 24.0% during the first quarter. Clearbridge Investments LLC now owns 8,222,320 shares of the business services provider’s stock worth $447,130,000 after purchasing an additional 1,591,992 shares in the last quarter. American Century Companies Inc. raised its stake in IHS Markit by 5.4% during the 1st quarter. American Century Companies Inc. now owns 7,972,321 shares of the business services provider’s stock valued at $433,535,000 after purchasing an additional 405,983 shares during the period. Finally, Pendal Group Ltd raised its stake in IHS Markit by 1.3% during the 2nd quarter. Pendal Group Ltd now owns 6,112,637 shares of the business services provider’s stock valued at $376,802,000 after purchasing an additional 80,593 shares during the period. Institutional investors and hedge funds own 96.18% of the company’s stock.

INFO has been the subject of several recent analyst reports. SunTrust Banks upped their price target on IHS Markit from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. BMO Capital Markets raised their target price on shares of IHS Markit from $63.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Cantor Fitzgerald lifted their price target on shares of IHS Markit from $51.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. BidaskClub upgraded shares of IHS Markit from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. IHS Markit has an average rating of “Buy” and a consensus target price of $62.23.

In related news, EVP Sari Beth Granat sold 50,000 shares of IHS Markit stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $63.04, for a total value of $3,152,000.00. Following the completion of the transaction, the executive vice president now owns 86,141 shares in the company, valued at $5,430,328.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Adam Jason Kansler sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $65.09, for a total value of $9,763,500.00. Following the sale, the executive vice president now directly owns 269,467 shares in the company, valued at $17,539,607.03. The disclosure for this sale can be found here. Insiders have sold a total of 300,483 shares of company stock worth $19,436,699 over the last 90 days. Corporate insiders own 1.11% of the company’s stock.

Shares of INFO stock traded down $0.32 on Wednesday, reaching $66.09. The company’s stock had a trading volume of 114,151 shares, compared to its average volume of 1,778,342. The stock’s fifty day simple moving average is $64.88 and its 200-day simple moving average is $59.47. IHS Markit Ltd has a 1 year low of $44.52 and a 1 year high of $68.88. The company has a market capitalization of $26.99 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 2.83 and a beta of 0.82. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.06. IHS Markit had a net margin of 10.49% and a return on equity of 10.13%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. IHS Markit’s revenue was up 12.6% on a year-over-year basis. Equities research analysts forecast that IHS Markit Ltd will post 2.13 earnings per share for the current year.

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

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