Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of IHS Markit Ltd. (NASDAQ:INFO) by 51.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,249,068 shares of the business services provider’s stock after purchasing an additional 425,750 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.31% of IHS Markit worth $55,059,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of INFO. Prudential Financial Inc. purchased a new stake in IHS Markit during the 1st quarter worth about $247,000. Alliancebernstein L.P. increased its position in IHS Markit by 39.0% during the 1st quarter. Alliancebernstein L.P. now owns 39,432 shares of the business services provider’s stock worth $1,654,000 after purchasing an additional 11,066 shares in the last quarter. Tudor Investment Corp ET AL increased its position in IHS Markit by 35.2% during the 1st quarter. Tudor Investment Corp ET AL now owns 9,809 shares of the business services provider’s stock worth $411,000 after purchasing an additional 2,552 shares in the last quarter. Capstone Asset Management Co. purchased a new stake in IHS Markit during the 2nd quarter worth about $808,000. Finally, Bank of Montreal Can increased its position in IHS Markit by 105.8% during the 2nd quarter. Bank of Montreal Can now owns 126,607 shares of the business services provider’s stock worth $5,576,000 after purchasing an additional 65,093 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.
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A number of research firms recently commented on INFO. Cantor Fitzgerald reiterated 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 issued a $50.00 price target (down previously from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. Wells Fargo & Company lowered their price target on IHS Markit from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, September 27th. Goldman Sachs Group, Inc. (The) initiated coverage on IHS Markit in a report on Wednesday, November 8th. They issued a “buy” rating and a $55.00 price target for the company. Finally, Bank of America Corporation lowered their price target on IHS Markit from $52.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $47.67.
In other news, CFO Todd S. Hyatt sold 20,000 shares of IHS Markit 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 document filed with the SEC, which is available through this link.
IHS Markit Ltd. (NASDAQ INFO) traded down $0.27 during midday trading on Monday, hitting $42.93. The stock had a trading volume of 1,643,100 shares, compared to its average volume of 2,657,057. The firm has a market cap of $17,110.00, a price-to-earnings ratio of 26.50, a P/E/G ratio of 2.29 and a beta of 0.82. IHS Markit Ltd. has a fifty-two week low of $34.13 and a fifty-two week high of $48.53. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.44.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. The business had revenue of $904.70 million for the quarter, compared to analyst estimates of $890.99 million. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. equities analysts expect that IHS Markit Ltd. will post 1.56 earnings per share for the current fiscal year.
IHS Markit Company Profile
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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