Zacks Investment Research cut shares of IHS Markit (NASDAQ:INFO) from a buy rating to a hold rating in a research report report published on Thursday morning.
According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “
Several other equities research analysts have also recently issued reports on INFO. BidaskClub upgraded shares of IHS Markit from a hold rating to a buy rating in a research report on Saturday, June 23rd. SunTrust Banks restated a buy rating and set a $61.00 price objective on shares of IHS Markit in a research report on Wednesday. Robert W. Baird raised their price objective on shares of IHS Markit from $58.00 to $59.00 and gave the stock an outperform rating in a research report on Wednesday. Morgan Stanley raised their price objective on shares of IHS Markit from $44.00 to $47.00 and gave the stock an underweight rating in a research report on Wednesday. Finally, ValuEngine cut shares of IHS Markit from a buy rating to a hold rating in a research report on Saturday, June 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $55.38.
IHS Markit opened at $52.12 on Thursday, Marketbeat reports. IHS Markit has a 12-month low of $42.40 and a 12-month high of $53.05. The stock has a market cap of $20.10 billion, a P/E ratio of 30.96, a PEG ratio of 2.34 and a beta of 0.77. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 0.56.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, June 26th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. IHS Markit had a net margin of 16.03% and a return on equity of 9.68%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $974.12 million. During the same period last year, the business earned $0.52 earnings per share. IHS Markit’s revenue was up 11.3% compared to the same quarter last year. equities research analysts predict that IHS Markit will post 1.85 earnings per share for the current year.
In other IHS Markit news, EVP Adam Jason Kansler sold 20,000 shares of IHS Markit stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $48.50, for a total transaction of $970,000.00. Following the completion of the sale, the executive vice president now directly owns 131,052 shares in the company, valued at $6,356,022. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lance Darrell Gordon Uggla sold 140,000 shares of IHS Markit stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $48.94, for a total transaction of $6,851,600.00. Following the sale, the chief executive officer now owns 546,023 shares of the company’s stock, valued at $26,722,365.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 622,400 shares of company stock valued at $30,314,866. Company insiders own 2.68% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in INFO. Goldman Sachs Group Inc. boosted its stake in shares of IHS Markit by 23.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,936,881 shares of the business services provider’s stock valued at $177,750,000 after purchasing an additional 737,185 shares during the period. American International Group Inc. boosted its stake in shares of IHS Markit by 27.7% in the fourth quarter. American International Group Inc. now owns 156,617 shares of the business services provider’s stock valued at $7,071,000 after purchasing an additional 33,997 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in shares of IHS Markit in the fourth quarter valued at approximately $11,839,000. Russell Investments Group Ltd. boosted its stake in shares of IHS Markit by 0.5% in the first quarter. Russell Investments Group Ltd. now owns 1,725,746 shares of the business services provider’s stock valued at $83,141,000 after purchasing an additional 9,043 shares during the period. Finally, Farallon Capital Management LLC boosted its stake in shares of IHS Markit by 33.0% in the fourth quarter. Farallon Capital Management LLC now owns 4,217,914 shares of the business services provider’s stock valued at $190,439,000 after purchasing an additional 1,047,215 shares during the period. Institutional investors and hedge funds own 96.26% of the company’s stock.
IHS Markit Company Profile
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.
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