Shares of critical information, analytics, and solutions provider IHS Markit Ltd. (INFO) have gained 32.2% over the past 12 months. INFO recently posted a robust performance for the fourth quarter, with both its top-line and bottom-line coming in ahead of estimates.
Buoyed by growth in primarily Financial Sources, Transportation, and Consolidated Markets & Solutions (CMS) segments, total revenue jumped 6% year-over-year to $1.18 billion, exceeding estimates of $1.14 billion. Earnings per share at $0.85 came in ahead of expectations of $0.83.
With these developments in mind, let us take a look at the changes in INFO’s key risk factors that investors should know.
Risk Factors
According to the TipRanks Risk Factors tool, IHS Markit’s top risk category is Finance & Corporate, contributing 29% to the total 35 risks identified.
In its recent annual report, the company has changed one key risk factor under the Finance & Corporate risk category.
INFO noted that it cannot provide any assurity regarding future dividend payments or share buyback programs. Any decision to pay cash dividends will be based on the company’s future financial position, results of operations, and business requirements.
Meanwhile, compared to a sector average of 12%, INFO’s Macro & Political risk factor is at 14%.
Hedge Fund Activity
According to TipRanks data, the Wall Street’s top hedge funds have increased holdings in IHS Markit by 5.5 million shares in the last quarter, indicating a very positive hedge fund confidence signal in the stock based on activities of 12 hedge funds. Interestingly, George Soros’ Soros Fund Management has a holding of about $284.8 million in INFO.
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