Global X MANAGEMENT CO LLC grew its position in shares of IHS Markit Ltd. (NASDAQ:INFO) by 60.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,841 shares of the business services provider’s stock after acquiring an additional 3,721 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in IHS Markit were worth $434,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in INFO. Dupont Capital Management Corp acquired a new stake in IHS Markit in the second quarter worth about $120,000. ETF Managers Group LLC acquired a new stake in IHS Markit in the second quarter worth about $135,000. Huntington National Bank acquired a new stake in IHS Markit in the third quarter worth about $173,000. Flinton Capital Management LLC acquired a new stake in IHS Markit in the second quarter worth about $180,000. Finally, Riverhead Capital Management LLC acquired a new stake in IHS Markit in the second quarter worth about $198,000. 99.21% of the stock is owned by institutional investors.
Shares of IHS Markit Ltd. (NASDAQ:INFO) traded down $0.27 during trading on Monday, reaching $44.44. 2,206,804 shares of the company’s stock traded hands, compared to its average volume of 2,629,130. 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 Ltd. has a 12-month low of $34.20 and a 12-month high of $48.53. The company has a market capitalization of $17,834.52, a PE ratio of 27.60, a PEG ratio of 2.13 and a beta of 0.83.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The firm had revenue of $904.70 million for the quarter, compared to the consensus estimate of $890.99 million. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. equities research analysts anticipate that IHS Markit Ltd. will post 1.57 EPS for the current fiscal year.
Several equities research analysts recently weighed in on INFO shares. Zacks Investment Research raised shares of IHS Markit from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $45.00 price objective on shares of IHS Markit in a report on Tuesday, September 26th. Royal Bank Of Canada reduced their price objective on shares of IHS Markit from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Wednesday, September 27th. Morgan Stanley dropped their price target on shares of IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $50.00 price target (down from $52.00) on shares of IHS Markit in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.46.
In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was 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 available at this hyperlink.
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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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