Exencial Wealth Advisors LLC Takes $210,000 Position in IHS Markit Ltd (NASDAQ:INFO)

Exencial Wealth Advisors LLC acquired a new position in shares of IHS Markit Ltd (NASDAQ:INFO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,860 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other institutional investors have also modified their holdings of INFO. Financial Gravity Companies Inc. acquired a new position in IHS Markit during the fourth quarter valued at approximately $27,000. Sontag Advisory LLC acquired a new position in IHS Markit during the fourth quarter valued at approximately $29,000. CWM LLC raised its position in IHS Markit by 48.3% during the first quarter. CWM LLC now owns 688 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 224 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new position in IHS Markit during the fourth quarter valued at approximately $37,000. Finally, Lindbrook Capital LLC raised its position in IHS Markit by 87.3% during the first quarter. Lindbrook Capital LLC now owns 796 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 371 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ INFO traded up $0.06 on Friday, hitting $59.32. The stock had a trading volume of 854,707 shares, compared to its average volume of 1,739,524. IHS Markit Ltd has a 52-week low of $44.52 and a 52-week high of $61.05. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $23.77 billion, a PE ratio of 29.96, a P/E/G ratio of 2.62 and a beta of 0.78.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.15. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. IHS Markit had a net margin of 9.96% and a return on equity of 9.80%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. On average, research analysts anticipate that IHS Markit Ltd will post 2.12 EPS for the current year.

Several analysts recently weighed in on the stock. Piper Jaffray Companies boosted their price objective on shares of IHS Markit from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. BidaskClub lowered shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Zacks Investment Research lowered shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Morgan Stanley upped their price objective on shares of IHS Markit from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. Finally, UBS Group upped their price objective on shares of IHS Markit from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. IHS Markit presently has a consensus rating of “Buy” and a consensus target price of $58.77.

In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 30,000 shares of IHS Markit stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $54.50, for a total value of $1,635,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Todd S. Hyatt sold 40,000 shares of IHS Markit stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $56.24, for a total transaction of $2,249,600.00. Following the completion of the transaction, the chief financial officer now directly owns 243,083 shares of the company’s stock, valued at $13,670,987.92. The disclosure for this sale can be found here. Insiders own 2.68% of the company’s stock.

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

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