IHS Markit Ltd. (NASDAQ:INFO) insider Michael M. Easton sold 12,167 shares of IHS Markit stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $47.46, for a total value of $577,445.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
IHS Markit Ltd. (NASDAQ INFO) opened at $45.21 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.53. IHS Markit Ltd. has a 52-week low of $37.82 and a 52-week high of $49.19. The stock has a market capitalization of $17,627.16, a price-to-earnings ratio of 44.76, a price-to-earnings-growth ratio of 2.07 and a beta of 0.83.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data 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 firm had revenue of $944.70 million during the quarter, compared to the consensus estimate of $912.65 million. During the same quarter in the previous year, the company posted $0.48 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities research analysts expect that IHS Markit Ltd. will post 1.84 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its position in IHS Markit by 2.3% in the 4th quarter. BlackRock Inc. now owns 23,036,135 shares of the business services provider’s stock valued at $1,040,081,000 after purchasing an additional 512,484 shares during the last quarter. Edgewood Management LLC raised its position in IHS Markit by 0.9% in the 3rd quarter. Edgewood Management LLC now owns 17,088,421 shares of the business services provider’s stock valued at $753,258,000 after purchasing an additional 158,338 shares during the last quarter. State Street Corp raised its position 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 valued at $630,974,000 after purchasing an additional 10,443,873 shares during the last quarter. Principal Financial Group Inc. raised its position in IHS Markit by 9.9% in the 3rd quarter. Principal Financial Group Inc. now owns 8,194,561 shares of the business services provider’s stock valued at $361,216,000 after purchasing an additional 740,460 shares during the last quarter. Finally, BT Investment Management Ltd raised its position in IHS Markit by 19.6% in the 4th quarter. BT Investment Management Ltd now owns 7,039,476 shares of the business services provider’s stock valued at $317,832,000 after purchasing an additional 1,152,197 shares during the last quarter. Hedge funds and other institutional investors own 99.38% of the company’s stock.
Several analysts have recently weighed in on the company. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, February 8th. William Blair raised IHS Markit from a “market perform” rating to an “outperform” rating in a report on Thursday, February 1st. BidaskClub lowered IHS Markit from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 30th. Royal Bank of Canada reissued a “buy” rating and set a $55.00 price objective on shares of IHS Markit in a report on Friday, January 19th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $54.00 price objective on shares of IHS Markit in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $49.14.
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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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