Oakbrook Investments LLC Purchases 3,200 Shares of IHS Markit Ltd. (NASDAQ:INFO)

Oakbrook Investments LLC raised its holdings in IHS Markit Ltd. (NASDAQ:INFO) by 22.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,450 shares of the business services provider’s stock after purchasing an additional 3,200 shares during the period. Oakbrook Investments LLC’s holdings in IHS Markit were worth $769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Financial Counselors Inc. raised its position in shares of IHS Markit by 2.8% in the 2nd quarter. Financial Counselors Inc. now owns 7,103 shares of the business services provider’s stock valued at $313,000 after purchasing an additional 191 shares in the last quarter. Bayesian Capital Management LP raised its position in shares of IHS Markit by 2.0% during the 2nd quarter. Bayesian Capital Management LP now owns 10,100 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 200 shares in the last quarter. First Personal Financial Services raised its position in shares of IHS Markit by 0.4% during the 2nd quarter. First Personal Financial Services now owns 64,127 shares of the business services provider’s stock valued at $2,824,000 after acquiring an additional 239 shares in the last quarter. Stifel Financial Corp raised its position in shares of IHS Markit by 0.6% during the 2nd quarter. Stifel Financial Corp now owns 45,554 shares of the business services provider’s stock valued at $2,020,000 after acquiring an additional 274 shares in the last quarter. Finally, Veritable L.P. raised its position in shares of IHS Markit by 1.2% during the 2nd quarter. Veritable L.P. now owns 26,580 shares of the business services provider’s stock valued at $1,171,000 after acquiring an additional 317 shares in the last quarter. 94.48% of the stock is currently owned by institutional investors.

Shares of IHS Markit Ltd. (NASDAQ INFO) traded down $0.27 during midday trading on Friday, hitting $42.93. The stock had a trading volume of 1,643,100 shares, compared to its average volume of 1,902,920. IHS Markit Ltd. has a twelve month low of $34.13 and a twelve month high of $48.53. The stock has a market capitalization of $17,124.48, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.53.

IHS Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, September 26th. The business services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The business had revenue of $904.70 million during the quarter, compared to the consensus estimate of $890.99 million. During the same period in the prior year, the business posted $0.45 earnings per share. IHS Markit’s revenue was up 24.9% compared to the same quarter last year. research analysts anticipate that IHS Markit Ltd. will post 1.56 earnings per share for the current fiscal year.

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In other news, CFO Todd S. Hyatt sold 20,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $44.20, for a total transaction of $884,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Several equities research analysts recently issued reports on the company. Bank of America Corporation dropped their price target on IHS Markit from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Royal Bank Of Canada lowered their price objective on IHS Markit from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Wednesday, September 27th. Morgan Stanley lowered their price objective on IHS Markit from $41.00 to $40.00 and set an “underweight” rating for the company in a research note on Wednesday, September 27th. Wells Fargo & Company lowered their price objective on IHS Markit from $52.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, September 27th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $50.00 price target (down previously from $52.00) on shares of IHS Markit in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $47.67.

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.

Institutional Ownership by Quarter for IHS Markit (NASDAQ:INFO)

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