Comerica Bank decreased its position in IHS Markit Ltd (NASDAQ:INFO) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,873 shares of the business services provider’s stock after selling 17,388 shares during the quarter. Comerica Bank owned 0.08% of IHS Markit worth $15,456,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of IHS Markit by 5,788.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,061 shares of the business services provider’s stock worth $106,000 after acquiring an additional 2,026 shares in the last quarter. Fort L.P. acquired a new position in shares of IHS Markit in the second quarter worth $122,000. Tower Research Capital LLC TRC acquired a new position in shares of IHS Markit in the second quarter worth $124,000. Great West Life Assurance Co. Can acquired a new position in shares of IHS Markit in the second quarter worth $173,000. Finally, Wetherby Asset Management Inc. acquired a new position in shares of IHS Markit in the second quarter worth $208,000. 96.22% of the stock is currently owned by institutional investors.
Shares of INFO stock opened at $51.90 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market cap of $20.58 billion, a P/E ratio of 28.07, a PEG ratio of 2.66 and a beta of 0.74. IHS Markit Ltd has a 12 month low of $42.55 and a 12 month high of $55.99.
IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, September 25th. The business services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.05 million. IHS Markit had a net margin of 14.57% and a return on equity of 9.55%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. On average, sell-side analysts anticipate that IHS Markit Ltd will post 1.82 earnings per share for the current year.
In other IHS Markit news, CFO Todd S. Hyatt sold 14,517 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $54.01, for a total value of $784,063.17. Following the completion of the transaction, the chief financial officer now owns 341,598 shares in the company, valued at $18,449,707.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.68% of the company’s stock.
Several equities analysts have commented on the stock. Bank of America assumed coverage on shares of IHS Markit in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $63.00 price target for the company. Morgan Stanley set a $46.00 price target on shares of IHS Markit and gave the stock a “sell” rating in a research note on Monday, October 15th. Barclays began coverage on shares of IHS Markit in a research note on Thursday, October 11th. They set an “overweight” rating for the company. Zacks Investment Research downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of IHS Markit from $51.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. IHS Markit presently has a consensus rating of “Buy” and an average price target of $57.80.
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About IHS Markit
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.
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