Trexquant Investment LP bought a new stake in IHS Markit Ltd. (NASDAQ:INFO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,596 shares of the business services provider’s stock, valued at approximately $1,305,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Legal & General Group Plc raised its stake in IHS Markit by 7.9% during the third quarter. Legal & General Group Plc now owns 1,742,614 shares of the business services provider’s stock worth $76,814,000 after acquiring an additional 127,964 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in IHS Markit by 70.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 657,558 shares of the business services provider’s stock worth $28,985,000 after acquiring an additional 272,000 shares in the last quarter. South Dakota Investment Council acquired a new position in IHS Markit during the third quarter worth $930,000. Norinchukin Bank The raised its stake in IHS Markit by 204.7% during the third quarter. Norinchukin Bank The now owns 67,114 shares of the business services provider’s stock worth $2,958,000 after acquiring an additional 45,090 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in IHS Markit during the third quarter worth $4,531,000. Institutional investors and hedge funds own 98.72% of the company’s stock.
Several research analysts have issued reports on the company. UBS AG dropped their price objective on IHS Markit from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, November 17th. Zacks Investment Research upgraded IHS Markit from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 16th. William Blair lowered IHS Markit from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 15th. SunTrust Banks, Inc. increased their price objective on IHS Markit to $48.00 and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Finally, Goldman Sachs Group Inc started coverage on IHS Markit in a report on Wednesday, November 8th. They set a “buy” rating and a $55.00 target price on the stock. 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 an average rating of “Hold” and an average price target of $47.46.
In related news, CFO Todd S. Hyatt sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $44.20, for a total value of $884,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of IHS Markit Ltd. (INFO) opened at $43.77 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $17,460.00, a price-to-earnings ratio of 27.02, a PEG ratio of 2.39 and a beta of 0.82. IHS Markit Ltd. has a 1-year low of $34.20 and a 1-year high of $48.53.
IHS Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, September 26th. The business services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. The company had revenue of $904.70 million for the quarter, compared to analysts’ expectations of $890.99 million. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The business’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. research analysts expect that IHS Markit Ltd. will post 1.57 EPS for the current fiscal year.
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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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