IHS Markit Ltd (NYSE:INFO) Shares Acquired by Man Group plc
Man Group plc increased its stake in shares of IHS Markit Ltd (NYSE:INFO) by 72.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,927 shares of the business services provider’s stock after purchasing an additional 95,337 shares during the quarter. Man Group plc owned approximately 0.06% of IHS Markit worth $15,177,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Wedbush Securities Inc. raised its position in shares of IHS Markit by 2.8% in the third quarter. Wedbush Securities Inc. now owns 5,485 shares of the business services provider’s stock valued at $367,000 after buying an additional 149 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in IHS Markit by 2.4% in the 3rd quarter. Wetherby Asset Management Inc. now owns 6,528 shares of the business services provider’s stock valued at $437,000 after acquiring an additional 152 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in IHS Markit by 7.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,351 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 173 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of IHS Markit by 11.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,068 shares of the business services provider’s stock worth $132,000 after purchasing an additional 207 shares during the period. Finally, Tealwood Asset Management Inc. lifted its stake in shares of IHS Markit by 0.7% during the 2nd quarter. Tealwood Asset Management Inc. now owns 32,023 shares of the business services provider’s stock worth $2,041,000 after purchasing an additional 207 shares during the period. 96.47% of the stock is owned by hedge funds and other institutional investors.
INFO has been the subject of a number of recent analyst reports. Canaccord Genuity initiated coverage on IHS Markit in a research report on Thursday, September 12th. They issued a “buy” rating and a $78.00 price objective for the company. UBS Group upped their target price on IHS Markit from $63.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Jefferies Financial Group assumed coverage on IHS Markit in a research report on Wednesday, November 27th. They set a “hold” rating and a $76.00 target price on the stock. Cantor Fitzgerald raised their price target on IHS Markit from $59.00 to $65.00 in a research note on Wednesday, November 13th. Finally, SunTrust Banks lifted their price target on IHS Markit to $80.00 and gave the company an “average” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $72.15.
IHS Markit (NYSE:INFO) last issued its earnings results on Tuesday, September 24th. The business services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.14. IHS Markit had a return on equity of 10.35% and a net margin of 8.74%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company posted $0.58 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts expect that IHS Markit Ltd will post 2.13 EPS for the current fiscal year.
In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 153,808 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $71.37, for a total transaction of $10,977,276.96. Following the completion of the sale, the chief executive officer now directly owns 424,158 shares in the company, valued at $30,272,156.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.11% of the company’s stock.
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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