IHS Markit Ltd. (NASDAQ:INFO) had its target price trimmed by UBS AG from $45.00 to $44.00 in a research note issued to investors on Friday. The firm currently has a neutral rating on the business services provider’s stock.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of IHS Markit from a strong sell rating to a hold rating in a report on Thursday. William Blair cut shares of IHS Markit from an outperform rating to a market perform rating in a report on Wednesday. SunTrust Banks, Inc. increased their price objective on shares of IHS Markit to $48.00 and gave the company a hold rating in a report on Tuesday. The Goldman Sachs Group, Inc. began coverage on shares of IHS Markit in a report on Wednesday, November 8th. They issued a buy rating and a $55.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on shares of IHS Markit from $52.00 to $50.00 and set an outperform rating for the company in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $47.46.
IHS Markit (INFO) traded up $0.16 during midday trading on Friday, reaching $43.62. 3,879,743 shares of the company’s stock traded hands, compared to its average volume of 2,667,290. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The company has a market cap of $17,380.00, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.35 and a beta of 0.82. IHS Markit has a 1 year low of $34.20 and a 1 year high of $48.53.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. The business had revenue of $904.70 million during the quarter, compared to analysts’ expectations of $890.99 million. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The business’s revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. equities research analysts anticipate that IHS Markit will post 1.56 earnings per share for the current year.
In related news, CFO Todd S. Hyatt sold 20,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $44.20, for a total transaction of $884,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of hedge funds have recently added to or reduced their stakes in INFO. BlackRock Inc. lifted its stake in IHS Markit by 104.2% during the second quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock valued at $914,415,000 after purchasing an additional 10,593,627 shares during the last quarter. State Street Corp lifted its position in shares of IHS Markit by 269.2% in the 2nd quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock valued at $630,974,000 after acquiring an additional 10,443,873 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of IHS Markit by 23.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock valued at $1,449,201,000 after acquiring an additional 6,171,840 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of IHS Markit by 8,621.2% in the 2nd quarter. Janus Henderson Group PLC now owns 4,084,667 shares of the business services provider’s stock valued at $179,889,000 after acquiring an additional 4,037,831 shares in the last quarter. Finally, BT Investment Management Ltd lifted its position in shares of IHS Markit by 156.3% in the 3rd quarter. BT Investment Management Ltd now owns 5,887,279 shares of the business services provider’s stock valued at $259,511,000 after acquiring an additional 3,590,548 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.
About IHS Markit
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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