Riverbridge Partners LLC trimmed its stake in shares of IHS Markit Ltd (NYSE:INFO) by 40.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 810,186 shares of the business services provider’s stock after selling 539,042 shares during the quarter. Riverbridge Partners LLC’s holdings in IHS Markit were worth $61,048,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in INFO. Strategic Blueprint LLC bought a new stake in shares of IHS Markit in the third quarter valued at about $32,000. Quest Capital Management Inc. ADV bought a new stake in shares of IHS Markit in the third quarter valued at about $79,000. Cerebellum GP LLC bought a new stake in shares of IHS Markit in the third quarter valued at about $80,000. Point72 Hong Kong Ltd bought a new stake in shares of IHS Markit in the second quarter valued at about $81,000. Finally, Allred Capital Management LLC bought a new stake in shares of IHS Markit in the fourth quarter valued at about $86,000. 96.70% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Lance Darrell Gordon Uggla sold 153,808 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were 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 owns 424,158 shares of the company’s stock, valued at $30,272,156.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.11% of the company’s stock.

INFO traded down $0.87 on Tuesday, hitting $79.06. 2,863,700 shares of the stock were exchanged, compared to its average volume of 2,183,689. IHS Markit Ltd has a 12 month low of $49.79 and a 12 month high of $79.96. The business has a 50-day moving average of $74.84 and a two-hundred day moving average of $68.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $31.38 billion, a price-to-earnings ratio of 39.93, a PEG ratio of 2.73 and a beta of 0.79.

A number of brokerages have recently issued reports on INFO. Bank of America set a $77.00 target price on shares of IHS Markit and gave the company a “buy” rating in a research report on Tuesday, September 24th. BMO Capital Markets reissued a “buy” rating and issued a $76.00 target price on shares of IHS Markit in a research report on Wednesday, November 13th. SunTrust Banks boosted their target price on shares of IHS Markit to $80.00 and gave the company an “average” rating in a research report on Wednesday, November 13th. Cantor Fitzgerald boosted their target price on shares of IHS Markit from $59.00 to $65.00 in a research report on Wednesday, November 13th. Finally, UBS Group boosted their target price on shares of IHS Markit from $63.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. IHS Markit has an average rating of “Buy” and a consensus target price of $73.71.

IHS Markit Company Profile

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 (NYSE:INFO)

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