Westpac Banking Corp Has $1.25 Million Stake in IHS Markit Ltd. (INFO)
Westpac Banking Corp lessened its holdings in shares of IHS Markit Ltd. (NASDAQ:INFO) by 98.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,273 shares of the business services provider’s stock after selling 2,366,157 shares during the period. Westpac Banking Corp’s holdings in IHS Markit were worth $1,245,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of INFO. APG Asset Management N.V. purchased a new stake in shares of IHS Markit during the 1st quarter valued at $579,000. State Board of Administration of Florida Retirement System raised its stake in IHS Markit by 10.5% in the 1st 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 acquiring an additional 3,000 shares during the last quarter. First Trust Advisors LP raised its stake in IHS Markit by 10.6% in the 1st quarter. First Trust Advisors LP now owns 276,430 shares of the business services provider’s stock worth $11,596,000 after acquiring an additional 26,492 shares during the last quarter. Henderson Group PLC raised its stake in IHS Markit by 56.4% in the 1st quarter. Henderson Group PLC now owns 46,836 shares of the business services provider’s stock worth $1,965,000 after acquiring an additional 16,882 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in IHS Markit by 161.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 40,639 shares of the business services provider’s stock worth $1,705,000 after acquiring an additional 25,084 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.
In other IHS Markit news, EVP Jonathan Gear sold 30,004 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $44.43, for a total transaction of $1,333,077.72. Following the transaction, the executive vice president now directly owns 328,874 shares in the company, valued at $14,611,871.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Lance Darrell Gordon Uggla sold 112,162 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $47.27, for a total transaction of $5,301,897.74. Following the transaction, the president now owns 461,344 shares in the company, valued at $21,807,730.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,031,463 shares of company stock worth $48,308,385.
Shares of IHS Markit Ltd. (INFO) opened at 47.53 on Friday. The stock’s 50 day moving average price is $46.35 and its 200-day moving average price is $44.19. IHS Markit Ltd. has a 52-week low of $34.13 and a 52-week high of $47.92. The firm has a market capitalization of $19.00 billion, a PE ratio of 87.86 and a beta of 0.88.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, June 27th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. IHS Markit had a net margin of 6.66% and a return on equity of 7.33%. The business had revenue of $906.10 million for the quarter, compared to analyst estimates of $897.80 million. The firm’s revenue for the quarter was up 54.1% on a year-over-year basis. Equities research analysts anticipate that IHS Markit Ltd. will post $2.06 EPS for the current fiscal year.
INFO has been the subject of a number of research analyst reports. Deutsche Bank AG restated a “buy” rating and issued a $52.00 target price (up previously from $50.00) on shares of IHS Markit in a research note on Friday, June 16th. Zacks Investment Research upgraded IHS Markit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. UBS AG restated a “neutral” rating and issued a $47.00 target price (up previously from $43.00) on shares of IHS Markit in a research note on Friday, June 30th. BMO Capital Markets raised their target price on IHS Markit from $49.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $50.00 target price (up previously from $48.00) on shares of IHS Markit in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $45.55.
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.
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