IHS Markit Ltd (NASDAQ:INFO) has received an average rating of “Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $53.00.
Several research firms have commented on INFO. BMO Capital Markets reiterated a “buy” rating and set a $53.00 price objective on shares of IHS Markit in a research note on Wednesday, March 28th. SunTrust Banks reiterated a “buy” rating and set a $54.00 price objective on shares of IHS Markit in a research note on Wednesday, January 17th. Zacks Investment Research lowered IHS Markit from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. UBS boosted their price objective on IHS Markit from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 28th. Finally, Morgan Stanley boosted their price objective on IHS Markit from $43.00 to $44.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 28th.
In other news, CFO Todd S. Hyatt sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $47.40, for a total value of $1,185,000.00. Following the completion of the sale, the chief financial officer now directly owns 415,128 shares in the company, valued at $19,677,067.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ruann Faye Ernst sold 7,400 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $47.59, for a total value of $352,166.00. Following the completion of the sale, the director now owns 69,312 shares of the company’s stock, valued at $3,298,558.08. The disclosure for this sale can be found here. Insiders sold 435,962 shares of company stock valued at $20,924,019 over the last 90 days. Company insiders own 2.68% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Rehmann Capital Advisory Group acquired a new position in IHS Markit in the fourth quarter valued at approximately $261,000. Xact Kapitalforvaltning AB lifted its holdings in IHS Markit by 4.8% in the fourth quarter. Xact Kapitalforvaltning AB now owns 79,356 shares of the business services provider’s stock valued at $3,583,000 after acquiring an additional 3,630 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in IHS Markit by 1.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 134,621 shares of the business services provider’s stock valued at $6,077,000 after acquiring an additional 2,251 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in IHS Markit by 10.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 233,192 shares of the business services provider’s stock valued at $10,529,000 after acquiring an additional 22,465 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in IHS Markit by 56.4% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 22,179 shares of the business services provider’s stock valued at $1,001,000 after acquiring an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.
NASDAQ:INFO traded down $0.01 during trading hours on Friday, hitting $48.70. 540,941 shares of the stock were exchanged, compared to its average volume of 2,178,349. IHS Markit has a 52-week low of $42.18 and a 52-week high of $50.00. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51. The firm has a market cap of $18,920.57, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.26 and a beta of 0.78.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, March 27th. The business services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. IHS Markit had a return on equity of 9.33% and a net margin of 16.06%. The company had revenue of $932.10 million during the quarter, compared to analyst estimates of $906.91 million. During the same period in the previous year, the business earned $0.46 EPS. IHS Markit’s quarterly revenue was up 10.4% on a year-over-year basis. research analysts forecast that IHS Markit will post 1.84 earnings per share for the current 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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