Asset Management One Co. Ltd. Lowers Position in IHS Markit Ltd. (INFO)

Asset Management One Co. Ltd. lowered its stake in shares of IHS Markit Ltd. (NASDAQ:INFO) by 62.3% during the first quarter, Holdings Channel reports. The fund owned 42,529 shares of the business services provider’s stock after selling 70,371 shares during the period. Asset Management One Co. Ltd.’s holdings in IHS Markit were worth $1,784,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. World Asset Management Inc raised its position in IHS Markit by 5.0% in the first quarter. World Asset Management Inc now owns 8,011 shares of the business services provider’s stock valued at $336,000 after buying an additional 385 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in IHS Markit by 0.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 53,344 shares of the business services provider’s stock valued at $2,238,000 after buying an additional 403 shares during the last quarter. Bell Bank raised its position in IHS Markit by 5.1% in the first quarter. Bell Bank now owns 9,733 shares of the business services provider’s stock valued at $408,000 after buying an additional 475 shares during the last quarter. Mutual of America Capital Management LLC raised its position in IHS Markit by 20.0% in the first quarter. Mutual of America Capital Management LLC now owns 4,175 shares of the business services provider’s stock valued at $175,000 after buying an additional 695 shares during the last quarter. Finally, 1st Global Advisors Inc. raised its position in IHS Markit by 5.5% in the first quarter. 1st Global Advisors Inc. now owns 31,932 shares of the business services provider’s stock valued at $1,340,000 after buying an additional 1,677 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

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

Shares of IHS Markit Ltd. (NASDAQ INFO) traded up 0.44% during midday trading on Friday, hitting $47.53. 4,911,605 shares of the stock were exchanged. The stock has a market cap of $19.31 billion, a P/E ratio of 98.61 and a beta of 0.86. IHS Markit Ltd. has a 52-week low of $30.38 and a 52-week high of $47.67. The firm’s 50 day moving average price is $45.11 and its 200-day moving average price is $40.66.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, March 28th. The business services provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.11. IHS Markit had a net margin of 5.44% and a return on equity of 6.58%. The company had revenue of $844.20 million for the quarter, compared to analysts’ expectations of $843.35 million. The firm’s quarterly revenue was up 53.9% on a year-over-year basis. On average, equities research analysts expect that IHS Markit Ltd. will post $2.06 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Asset Management One Co. Ltd. Lowers Position in IHS Markit Ltd. (INFO)” was originally published by WKRB News and is the property of of WKRB News. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.wkrb13.com/markets/2230176/asset-management-one-co-ltd-lowers-position-in-ihs-markit-ltd-info.html.

Several equities analysts recently weighed in on the stock. Deutsche Bank AG restated a “buy” rating and set a $52.00 price target (up previously from $50.00) on shares of IHS Markit in a research report on Friday. Cantor Fitzgerald reaffirmed a “hold” rating and set a $41.00 price objective on shares of IHS Markit in a report on Wednesday, April 26th. Stifel Nicolaus upped their price objective on shares of IHS Markit from $38.00 to $43.00 and gave the company a “hold” rating in a report on Friday, April 28th. BMO Capital Markets reaffirmed a “buy” rating on shares of IHS Markit in a report on Thursday, April 27th. Finally, Zacks Investment Research downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $42.00.

In other news, EVP Yaacov Mutnikas sold 80,000 shares of IHS Markit stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $41.88, for a total transaction of $3,350,400.00. Following the transaction, the executive vice president now directly owns 95,823 shares of the company’s stock, valued at approximately $4,013,067.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William E. Ford sold 1,400,000 shares of IHS Markit stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $43.20, for a total value of $60,480,000.00. Following the transaction, the director now directly owns 9,639 shares in the company, valued at $416,404.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,846,174 shares of company stock worth $123,269,256.

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.

Want to see what other hedge funds are holding INFO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IHS Markit Ltd. (NASDAQ:INFO).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2230176/asset-management-one-co-ltd-lowers-position-in-ihs-markit-ltd-info.html

Receive News & Ratings for IHS Markit Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.