Highbridge Capital Management LLC lifted its holdings in shares of IHS Markit Ltd. (NASDAQ:INFO) by 144.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,818 shares of the business services provider’s stock after purchasing an additional 8,171 shares during the quarter. Highbridge Capital Management LLC’s holdings in IHS Markit were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in INFO. BlackRock Inc. grew its holdings in shares of IHS Markit by 104.2% during 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. State Street Corp grew its holdings in shares of IHS Markit by 269.2% during 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. Vanguard Group Inc. grew its holdings in shares of IHS Markit by 23.1% during 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. Janus Henderson Group PLC grew its holdings in shares of IHS Markit by 8,621.2% during the 2nd quarter. Janus Henderson Group PLC now owns 4,084,667 shares of the business services provider’s stock worth $179,889,000 after purchasing an additional 4,037,831 shares during the period. Finally, BT Investment Management Ltd grew its holdings in shares of IHS Markit by 156.3% during the 3rd quarter. BT Investment Management Ltd now owns 5,887,279 shares of the business services provider’s stock worth $259,511,000 after purchasing an additional 3,590,548 shares during the period. Institutional investors and hedge funds own 99.21% of the company’s stock.
IHS Markit Ltd. (NASDAQ:INFO) opened at $45.53 on Friday. IHS Markit Ltd. has a 12 month low of $34.20 and a 12 month high of $48.53. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $17,902.33, a PE ratio of 27.70, a P/E/G ratio of 2.14 and a beta of 0.83.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The company 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%. IHS Markit’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. analysts forecast that IHS Markit Ltd. will post 1.57 earnings per share for the current year.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Wednesday, December 6th. Royal Bank of Canada decreased their target price on IHS Markit from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 27th. UBS decreased their target price on IHS Markit from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, November 17th. SunTrust Banks increased their target price on IHS Markit to $48.00 and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Finally, Goldman Sachs Group assumed coverage on IHS Markit in a research note on Wednesday, November 8th. They set a “buy” rating and a $55.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $47.64.
In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the 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 at this link.
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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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