Northern Trust Corp Grows Stake in IHS Markit Ltd (INFO)

Northern Trust Corp raised its position in IHS Markit Ltd (NASDAQ:INFO) by 2.9% during the second quarter, HoldingsChannel.com reports. The firm owned 4,094,784 shares of the business services provider’s stock after buying an additional 115,235 shares during the quarter. Northern Trust Corp’s holdings in IHS Markit were worth $211,250,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank grew its stake in shares of IHS Markit by 3.1% in the second quarter. Swiss National Bank now owns 1,319,657 shares of the business services provider’s stock valued at $68,081,000 after buying an additional 39,800 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of IHS Markit by 3,780.2% in the second quarter. Federated Investors Inc. PA now owns 369,046 shares of the business services provider’s stock valued at $19,039,000 after buying an additional 359,535 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in shares of IHS Markit by 65.6% in the second quarter. Chartwell Investment Partners LLC now owns 54,155 shares of the business services provider’s stock valued at $2,794,000 after buying an additional 21,455 shares in the last quarter. Unigestion Holding SA acquired a new stake in shares of IHS Markit in the second quarter valued at about $47,358,000. Finally, Richard Bernstein Advisors LLC acquired a new stake in shares of IHS Markit in the second quarter valued at about $4,506,000. Institutional investors own 97.03% of the company’s stock.

In other IHS Markit news, Director William E. Ford sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $104,100,000.00. Following the completion of the sale, the director now owns 15,907 shares in the company, valued at approximately $827,959.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Sari Beth Granat sold 24,900 shares of the firm’s stock in a transaction that occurred on Thursday, July 12th. The shares were sold at an average price of $53.00, for a total value of $1,319,700.00. Following the sale, the executive vice president now owns 50,480 shares of the company’s stock, valued at approximately $2,675,440. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,050,000 shares of company stock valued at $106,724,750. 2.68% of the stock is owned by insiders.

Shares of NASDAQ INFO opened at $53.38 on Thursday. IHS Markit Ltd has a fifty-two week low of $42.40 and a fifty-two week high of $55.99. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.56. The company has a market cap of $21.13 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. IHS Markit had a return on equity of 9.52% and a net margin of 14.57%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $991.05 million. During the same quarter last year, the firm earned $0.57 EPS. IHS Markit’s quarterly revenue was up 10.6% on a year-over-year basis. equities analysts expect that IHS Markit Ltd will post 1.85 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on INFO shares. BidaskClub lowered IHS Markit from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 31st. Macquarie upgraded IHS Markit from a “neutral” rating to an “outperform” rating in a research note on Friday, June 1st. ValuEngine lowered IHS Markit from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, June 27th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $61.00 target price on shares of IHS Markit in a research note on Wednesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $57.14.

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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