KBC Group NV lessened its stake in IHS Markit Ltd. (NASDAQ:INFO) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,720 shares of the business services provider’s stock after selling 7,923 shares during the period. KBC Group NV’s holdings in IHS Markit were worth $3,915,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Treasurer State of Michigan lifted its stake in shares of IHS Markit by 5.7% in the 3rd quarter. State Treasurer State of Michigan now owns 110,200 shares of the business services provider’s stock valued at $4,858,000 after acquiring an additional 5,900 shares during the last quarter. Swiss National Bank lifted its stake in shares of IHS Markit by 11.0% in the 3rd quarter. Swiss National Bank now owns 1,499,957 shares of the business services provider’s stock valued at $66,118,000 after acquiring an additional 149,200 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of IHS Markit by 8.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,442,648 shares of the business services provider’s stock valued at $107,672,000 after acquiring an additional 188,205 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in shares of IHS Markit by 2.7% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 486,113 shares of the business services provider’s stock valued at $21,428,000 after acquiring an additional 12,625 shares during the last quarter. Finally, AMP Capital Investors Ltd lifted its stake in shares of IHS Markit by 18.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 212,779 shares of the business services provider’s stock valued at $9,378,000 after acquiring an additional 33,707 shares during the last quarter. 97.82% of the stock is owned by institutional investors.
In other news, insider Michael M. Easton sold 12,167 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $47.46, for a total value of $577,445.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert P. Kelly bought 10,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was purchased at an average cost of $48.69 per share, with a total value of $486,900.00. The disclosure for this purchase can be found here. Insiders have sold a total of 208,562 shares of company stock valued at $9,923,853 in the last ninety days.
IHS Markit Ltd. (INFO) opened at $46.77 on Monday. The company has a market capitalization of $18,605.78, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.18 and a beta of 0.83. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.45. IHS Markit Ltd. has a 52-week low of $37.82 and a 52-week high of $49.19.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $944.70 million during the quarter, compared to analyst estimates of $912.65 million. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. IHS Markit’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 EPS. equities research analysts forecast that IHS Markit Ltd. will post 1.84 earnings per share for the current fiscal year.
IHS Markit 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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