Oregon Public Employees Retirement Fund increased its position in IHS Markit Ltd. (NASDAQ:INFO) by 120.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 33,882 shares of the business services provider’s stock after purchasing an additional 18,482 shares during the period. Oregon Public Employees Retirement Fund’s holdings in IHS Markit were worth $1,494,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in 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 worth $1,449,201,000 after purchasing an additional 6,171,840 shares during the period. BlackRock Inc. boosted its stake in 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 purchasing an additional 10,593,627 shares during the period. FMR LLC boosted its stake in 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 purchasing an additional 2,991,526 shares during the period. State Street Corp boosted its stake in 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 purchasing an additional 10,443,873 shares during the period. Finally, Principal Financial Group Inc. lifted its position in IHS Markit by 26.1% in the 2nd quarter. Principal Financial Group Inc. now owns 7,454,101 shares of the business services provider’s stock worth $328,279,000 after buying an additional 1,542,180 shares in the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.
INFO has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of IHS Markit from a “hold” rating to a “sell” rating in a research report on Friday, September 29th. Morgan Stanley reiterated an “underweight” rating and issued a $41.00 target price (up previously from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. Royal Bank Of Canada cut their target price on shares of IHS Markit from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Wednesday, September 27th. Bank of America Corporation cut their target price on shares of IHS Markit from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, September 27th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of IHS Markit in a research report on Wednesday, November 8th. They issued a “buy” rating and a $55.00 target price for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.67.
IHS Markit Ltd. (NASDAQ INFO) opened at $42.99 on Tuesday. The firm has a market cap of $17,124.49, a price-to-earnings ratio of 26.50, a PEG ratio of 2.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.53. IHS Markit Ltd. has a twelve month low of $34.13 and a twelve month high of $48.53.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The business had revenue of $904.70 million for the quarter, compared to the consensus estimate of $890.99 million. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. IHS Markit’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS. sell-side analysts forecast that IHS Markit Ltd. will post 1.56 earnings per share for the current fiscal year.
In other news, CFO Todd S. Hyatt sold 20,000 shares of the firm’s stock in a transaction 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 filing with the SEC, which is accessible through this link.
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IHS Markit 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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