IHS Markit Sees Unusually High Options Volume (NYSE:INFO)

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IHS Markit Ltd (NYSE:INFO) saw some unusual options trading activity on Wednesday. Stock traders purchased 758 put options on the company. This represents an increase of 706% compared to the typical daily volume of 94 put options.

In other news, EVP Todd S. Hyatt sold 40,500 shares of the stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $75.50, for a total transaction of $3,057,750.00. Following the transaction, the executive vice president now directly owns 163,711 shares in the company, valued at approximately $12,360,180.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Sari Beth Granat sold 60,000 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $80.00, for a total transaction of $4,800,000.00. Following the transaction, the executive vice president now owns 109,898 shares in the company, valued at $8,791,840. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of INFO. MUFG Securities EMEA plc bought a new stake in IHS Markit in the second quarter valued at about $63,345,000. Bank of New York Mellon Corp increased its stake in IHS Markit by 31.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,280,007 shares of the business services provider’s stock worth $247,641,000 after acquiring an additional 783,625 shares during the period. Marshall Wace North America L.P. increased its stake in shares of IHS Markit by 2,273.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 765,900 shares of the business services provider’s stock valued at $57,825,000 after purchasing an additional 733,634 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its holdings in shares of IHS Markit by 78.2% during the 1st quarter. Atlanta Capital Management Co. L L C now owns 1,508,204 shares of the business services provider’s stock valued at $90,492,000 after acquiring an additional 661,693 shares in the last quarter. Finally, Bank of Nova Scotia lifted its holdings in IHS Markit by 1,526.5% during the 2nd quarter. Bank of Nova Scotia now owns 704,130 shares of the business services provider’s stock worth $53,162,000 after buying an additional 660,840 shares during the period. 88.40% of the stock is owned by institutional investors.

Shares of NYSE:INFO opened at $78.51 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.63. IHS Markit has a 52-week low of $44.81 and a 52-week high of $84.37. The company has a 50 day moving average of $79.96 and a two-hundred day moving average of $71.99. The company has a market capitalization of $33.13 billion, a price-to-earnings ratio of 39.65, a price-to-earnings-growth ratio of 2.92 and a beta of 0.97.

IHS Markit (NYSE:INFO) last issued its quarterly earnings data on Tuesday, September 29th. The business services provider reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.08. IHS Markit had a net margin of 18.43% and a return on equity of 10.73%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $0.67 earnings per share. IHS Markit’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities analysts anticipate that IHS Markit will post 2.23 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. SunTrust Banks increased their price objective on shares of IHS Markit from $65.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. William Blair reiterated an “outperform” rating on shares of IHS Markit in a report on Wednesday. Deutsche Bank increased their price objective on shares of IHS Markit from $71.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Barclays increased their price objective on shares of IHS Markit from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Finally, BMO Capital Markets increased their price objective on shares of IHS Markit from $62.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, June 24th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $80.76.

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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