IHS Markit Ltd (NASDAQ:INFO) Director Ruann Faye Ernst sold 7,400 shares of the company’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $47.59, for a total transaction of $352,166.00. Following the transaction, the director now owns 69,312 shares of the company’s stock, valued at $3,298,558.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ INFO opened at $48.07 on Friday. The stock has a market capitalization of $19,459.30, a PE ratio of 28.61, a price-to-earnings-growth ratio of 2.27 and a beta of 0.78. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.51. IHS Markit Ltd has a 52 week low of $41.43 and a 52 week high of $50.00.
IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, March 27th. The business services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.03. The business had revenue of $932.10 million during the quarter, compared to analysts’ expectations of $906.91 million. IHS Markit had a net margin of 16.06% and a return on equity of 9.33%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. equities research analysts predict that IHS Markit Ltd will post 1.84 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group acquired a new stake in shares of IHS Markit in the fourth quarter valued at about $261,000. Xact Kapitalforvaltning AB raised its position in shares of IHS Markit by 4.8% in the fourth quarter. Xact Kapitalforvaltning AB now owns 79,356 shares of the business services provider’s stock valued at $3,583,000 after buying an additional 3,630 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of IHS Markit by 1.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 134,621 shares of the business services provider’s stock valued at $6,077,000 after buying an additional 2,251 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of IHS Markit by 10.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 233,192 shares of the business services provider’s stock valued at $10,529,000 after buying an additional 22,465 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of IHS Markit by 56.4% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 22,179 shares of the business services provider’s stock valued at $1,001,000 after purchasing an additional 8,000 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.
A number of equities analysts have weighed in on INFO shares. Wells Fargo upped their price objective on shares of IHS Markit from $55.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 28th. BidaskClub upgraded shares of IHS Markit from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 13th. Royal Bank of Canada restated a “buy” rating and set a $55.00 price objective on shares of IHS Markit in a research report on Friday, January 19th. Zacks Investment Research cut shares of IHS Markit from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, Cantor Fitzgerald upped their price objective on shares of IHS Markit from $47.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $52.31.
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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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