Janus Henderson Group PLC lifted its holdings in IHS Markit Ltd. (NASDAQ:INFO) by 8.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,433,757 shares of the business services provider’s stock after acquiring an additional 349,090 shares during the quarter. Janus Henderson Group PLC owned 1.11% of IHS Markit worth $195,438,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in INFO. Vanguard Group Inc. increased its position in IHS Markit by 23.1% during 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 purchasing an additional 6,171,840 shares during the period. BlackRock Inc. grew its position in shares of IHS Markit by 104.2% in the 2nd quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock worth $914,415,000 after buying an additional 10,593,627 shares during the period. FMR LLC grew its position in shares of IHS Markit by 20.6% in the 2nd quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock worth $771,256,000 after buying an additional 2,991,526 shares during the period. Edgewood Management LLC grew its position in shares of IHS Markit by 0.9% in the 3rd quarter. Edgewood Management LLC now owns 17,088,421 shares of the business services provider’s stock worth $753,258,000 after buying an additional 158,338 shares during the period. Finally, State Street Corp grew 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 worth $630,974,000 after buying an additional 10,443,873 shares during the period. Hedge funds and other institutional investors own 99.21% of the company’s stock.
Shares of IHS Markit Ltd. (NASDAQ:INFO) opened at $45.59 on Monday. IHS Markit Ltd. has a 52 week low of $34.20 and a 52 week high of $48.53. The firm has a market capitalization of $18,185.53, a PE ratio of 28.14, a PEG ratio of 2.17 and a beta of 0.83. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.04. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The business had revenue of $904.70 million for the quarter, compared to analyst estimates of $890.99 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s revenue was up 24.9% on a year-over-year basis. research analysts forecast that IHS Markit Ltd. will post 1.57 EPS for the current fiscal year.
In other news, CFO Todd S. Hyatt sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $44.20, for a total transaction of $884,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Several analysts recently commented on INFO shares. Cantor Fitzgerald reissued a “hold” rating and set a $45.00 price objective on shares of IHS Markit in a research report on Tuesday, September 26th. BMO Capital Markets restated an “outperform” rating and set a $50.00 target price (down previously from $52.00) on shares of IHS Markit in a research note on Wednesday, September 27th. Wells Fargo & Company lowered their target price on shares of IHS Markit from $52.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 27th. Bank of America lowered their target price on shares of IHS Markit from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, September 27th. Finally, Morgan Stanley lowered their price objective on shares of IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $47.64.
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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