5 Stocks to Buy Now According to Wayne Yu’s BCK Capital

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1. IHS Markit Ltd. (NYSE:INFO)

BCK Capital Stake Value: $16,839,000
Percentage of BCK Capital’s 13F Portfolio: 11.34%
Number of Hedge Fund Holders: 64

IHS Markit Ltd. (NYSE:INFO) is a globally diversified information, analytics, and solutions company. Based on its 13F holdings for the fourth quarter of 2021, BCK Capital owns 126,686 shares in IHS Markit Ltd. (NYSE:INFO), a position valued at $16.84 million.

On January 24, BMO Capital analyst Jeffrey Silber lowered his price target on IHS Markit Ltd. (NYSE:INFO) to $118 from $142 and kept a Market Perform rating on the shares. Silber told investors that his lower target price reflected S&P Global Inc. (NYSE:SPGI)’s estimated takeover value, which is likely to conclude this quarter.

Overall, hedge funds are loading up on IHS Markit Ltd. (NYSE:INFO), as 64 out of the 867 funds tracked by Insider Monkey held stakes in the company, up from 61 funds a quarter earlier.

In their first quarter investor letter, Artisan Partners mentioned IHS Markit Ltd. (NYSE:INFO) in their first-quarter investor letter. Here is what Artisan Partners stated about IHS Markit Ltd. (NYSE:INFO):

“We ended our campaign in IHS Markit. IHS Markit is a global provider of information services to the financial services, automotive and energy sectors. Since beginning our investment campaign in 2009, we have been attracted to the company’s position relative to the meaningful secular tailwind driving demand for data and analytics to help guide business decisions. The company announced in Q4 it is merging with S&P Global, one of the largest credit ratings agencies globally and a provider of benchmarks, data and analytics to the global capital and commodities markets. We believe the combination provides a good level of cost and revenue synergies which will help drive profit growth, and S&P Global has a solid track record of acquiring and integrating new businesses. However, we exited our position as the combined entity will be well beyond our mid-cap market cap mandate.”

You can also take a peek at Top 10 Stocks to Buy According to John Orrico’s Water Island Capital and Top 10 Stock Picks of Samuel Isaly’s OrbiMed Advisors.

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