American Century Companies Inc. increased its position in IHS Markit Ltd. (NASDAQ:INFO) by 14.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,040,310 shares of the business services provider’s stock after purchasing an additional 769,108 shares during the period. American Century Companies Inc. owned 1.52% of IHS Markit worth $272,720,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation purchased a new stake in IHS Markit during the 3rd quarter valued at approximately $126,000. Huntington National Bank acquired a new stake in shares of IHS Markit in the 3rd quarter worth approximately $173,000. Flinton Capital Management LLC acquired a new stake in shares of IHS Markit in the 2nd quarter worth approximately $180,000. Highstreet Asset Management Inc. acquired a new stake in shares of IHS Markit in the 3rd quarter worth approximately $205,000. Finally, Sciencast Management LP acquired a new stake in shares of IHS Markit in the 2nd quarter worth approximately $223,000. 99.38% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on INFO shares. Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, December 6th. Royal Bank of Canada reiterated a “buy” rating and set a $52.00 target price on shares of IHS Markit in a report on Wednesday, December 20th. UBS Group decreased their price objective on IHS Markit from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, November 17th. William Blair cut IHS Markit from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 15th. Finally, SunTrust Banks increased their target price on IHS Markit to $48.00 and gave the stock a “hold” rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. IHS Markit currently has a consensus rating of “Buy” and a consensus target price of $49.14.
Shares of IHS Markit Ltd. (INFO) opened at $45.21 on Tuesday. The company has a market capitalization of $17,627.16, a P/E ratio of 44.76, a P/E/G ratio of 2.07 and a beta of 0.83. IHS Markit Ltd. has a twelve month low of $37.82 and a twelve month high of $49.19. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.45.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.10. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The company had revenue of $944.70 million for the quarter, compared to analysts’ expectations of $912.65 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. analysts expect that IHS Markit Ltd. will post 1.84 EPS for the current year.
In related news, EVP Adam Jason Kansler sold 50,000 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $48.00, for a total value of $2,400,000.00. Following the completion of the sale, the executive vice president now directly owns 146,612 shares in the company, valued at $7,037,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael M. Easton sold 12,167 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.46, for a total transaction of $577,445.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,562 shares of company stock worth $9,923,853.
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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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