IHS Markit Ltd. (NYSE:INFO) Position Reduced by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in shares of IHS Markit Ltd. (NYSE:INFO) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844,346 shares of the business services provider’s stock after selling 71,856 shares during the period. California Public Employees Retirement System owned 0.21% of IHS Markit worth $95,124,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in INFO. Pentwater Capital Management LP raised its holdings in IHS Markit by 60.5% during the first quarter. Pentwater Capital Management LP now owns 5,024,300 shares of the business services provider’s stock worth $486,252,000 after purchasing an additional 1,894,300 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of IHS Markit by 43.4% in the first quarter. Select Equity Group L.P. now owns 6,060,507 shares of the business services provider’s stock valued at $586,536,000 after buying an additional 1,834,283 shares in the last quarter. Credit Suisse AG grew its position in IHS Markit by 2,521.8% during the 1st quarter. Credit Suisse AG now owns 1,782,906 shares of the business services provider’s stock worth $172,550,000 after purchasing an additional 1,714,902 shares in the last quarter. Bank of Nova Scotia grew its position in IHS Markit by 630.4% during the 2nd quarter. Bank of Nova Scotia now owns 1,241,605 shares of the business services provider’s stock worth $139,879,000 after purchasing an additional 1,071,617 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in IHS Markit by 421.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,297,906 shares of the business services provider’s stock worth $125,611,000 after purchasing an additional 1,049,106 shares in the last quarter. 88.21% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Lance Darrell Gordon Uggla sold 14,000 shares of the stock in a transaction that occurred on Wednesday, August 4th. The shares were sold at an average price of $118.51, for a total transaction of $1,659,140.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.56% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on INFO shares. Truist boosted their price target on shares of IHS Markit from $100.00 to $105.00 and gave the company a “hold” rating in a report on Friday, June 25th. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a report on Friday, October 1st. BMO Capital Markets boosted their target price on shares of IHS Markit from $110.00 to $121.00 and gave the stock a “market perform” rating in a research report on Thursday, June 24th. Truist Securities boosted their target price on shares of IHS Markit from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, June 24th. Finally, Morgan Stanley cut their price objective on shares of IHS Markit from $141.00 to $137.00 and set an “overweight” rating for the company in a research report on Wednesday, September 29th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $117.00.

Shares of IHS Markit stock opened at $119.31 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $47.59 billion, a price-to-earnings ratio of 76.48 and a beta of 0.98. IHS Markit Ltd. has a 1-year low of $78.64 and a 1-year high of $125.23. The firm’s 50-day moving average price is $119.90 and its two-hundred day moving average price is $112.17.

IHS Markit (NYSE:INFO) last issued its quarterly earnings data on Monday, September 27th. The business services provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. IHS Markit had a net margin of 13.89% and a return on equity of 11.69%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts predict that IHS Markit Ltd. will post 2.68 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 12th. Stockholders of record on Friday, October 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.67%. IHS Markit’s dividend payout ratio (DPR) is currently 34.48%.

About IHS Markit

IHS Markit Ltd. engages in the provision of information, analytics, and solutions to customers in the business, finance, and government sectors. It operates through the following segments: Financial Services, Transportation, Resources, and Consolidated Markets and Solutions. The Financial Services segment consists of pricing and reference data, indices product portfolio, valuation, and research, sales, and trading activities.

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

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