IHS Markit Ltd (INFO) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA increased its position in IHS Markit Ltd (NASDAQ:INFO) by 161.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,639 shares of the business services provider’s stock after buying an additional 25,084 shares during the period. BNP Paribas Arbitrage SA’s holdings in IHS Markit were worth $1,705,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased 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 worth $2,238,000 after buying an additional 403 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in IHS Markit by 7.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 26,518 shares of the business services provider’s stock worth $1,112,000 after buying an additional 1,731 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in IHS Markit by 10.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 31,460 shares of the business services provider’s stock worth $1,320,000 after buying an additional 3,000 shares in the last quarter. Korea Investment CORP increased its position in IHS Markit by 884.0% in the first quarter. Korea Investment CORP now owns 4,182 shares of the business services provider’s stock worth $175,000 after buying an additional 3,757 shares in the last quarter. Finally, Pacific Grove Capital LP increased its position in IHS Markit by 1.2% in the fourth quarter. Pacific Grove Capital LP now owns 352,099 shares of the business services provider’s stock worth $12,468,000 after buying an additional 4,300 shares in the last quarter. 91.47% of the stock is owned by institutional investors and hedge funds.

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

Shares of IHS Markit Ltd (NASDAQ:INFO) traded up 0.43% during trading on Wednesday, reaching $44.87. The company’s stock had a trading volume of 591,071 shares. The stock’s 50 day moving average price is $43.30 and its 200 day moving average price is $39.35. The company has a market cap of $18.23 billion, a PE ratio of 93.09 and a beta of 0.90. IHS Markit Ltd has a 52 week low of $30.38 and a 52 week high of $45.03.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, March 28th. The business services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.11. IHS Markit had a net margin of 4.94% and a return on equity of 6.57%. The firm had revenue of $844.20 million during the quarter, compared to analyst estimates of $843.35 million. IHS Markit’s revenue was up 53.9% compared to the same quarter last year. Equities research analysts predict that IHS Markit Ltd will post $2.06 EPS for the current year.

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INFO has been the topic of a number of research reports. TheStreet upgraded IHS Markit from a “c+” rating to a “b-” rating in a report on Friday, February 17th. Cantor Fitzgerald restated a “hold” rating on shares of IHS Markit in a report on Tuesday, March 7th. Piper Jaffray Companies restated an “overweight” rating and issued a $48.00 price objective on shares of IHS Markit in a report on Tuesday, March 21st. Zacks Investment Research downgraded IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. Finally, BMO Capital Markets restated a “buy” rating and issued a $43.00 price objective on shares of IHS Markit in a report on Tuesday, March 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. IHS Markit presently has a consensus rating of “Hold” and an average price target of $41.86.

In other news, EVP Adam Jason Kansler sold 56,174 shares of IHS Markit stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $44.00, for a total value of $2,471,656.00. Following the completion of the transaction, the executive vice president now directly owns 162,307 shares in the company, valued at $7,141,508. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William E. Ford sold 1,300,000 shares of IHS Markit stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $43.50, for a total value of $56,550,000.00. Following the completion of the transaction, the director now owns 9,639 shares of the company’s stock, valued at $419,296.50. The disclosure for this sale can be found here. Insiders sold 2,846,174 shares of company stock valued at $123,269,256 over the last three months.

IHS Markit Company Profile

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.

12 Month Chart for NASDAQ:INFO

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