Disciplined Growth Investors Inc. MN lessened its stake in IHS Markit Ltd. (NASDAQ:INFO) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 840,695 shares of the business services provider’s stock after selling 12,575 shares during the quarter. Disciplined Growth Investors Inc. MN owned 0.21% of IHS Markit worth $37,058,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of IHS Markit by 23.1% in the second quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock valued at $1,449,201,000 after buying an additional 6,171,840 shares during the period. BlackRock Inc. boosted its holdings in shares of IHS Markit by 104.2% in the second quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock valued at $914,415,000 after buying an additional 10,593,627 shares during the period. FMR LLC boosted its holdings in shares of IHS Markit by 20.6% in the second quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock valued at $771,256,000 after buying an additional 2,991,526 shares during the period. Edgewood Management LLC boosted its holdings in shares of IHS Markit by 0.9% in the third quarter. Edgewood Management LLC now owns 17,088,421 shares of the business services provider’s stock valued at $753,258,000 after buying an additional 158,338 shares during the period. Finally, State Street Corp boosted its holdings in IHS Markit by 269.2% during the second quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock worth $630,974,000 after purchasing an additional 10,443,873 shares during the last quarter. Institutional investors own 99.21% of the company’s stock.
Several research analysts recently commented on INFO shares. Goldman Sachs Group started coverage on shares of IHS Markit in a report on Wednesday, November 8th. They set a “buy” rating and a $55.00 target price for the company. Bank of America reduced their target price on shares of IHS Markit from $52.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. SunTrust Banks upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a report on Tuesday, November 28th. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, December 6th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $45.00 target price on shares of IHS Markit in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $47.64.
In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $44.20, for a total transaction of $884,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of IHS Markit Ltd. (INFO) opened at $45.13 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. IHS Markit Ltd. has a 1 year low of $34.20 and a 1 year high of $48.53. The stock has a market cap of $18,185.55, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.17 and a beta of 0.83.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The firm had revenue of $904.70 million for the quarter, compared to analyst estimates of $890.99 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. equities analysts anticipate that IHS Markit Ltd. will post 1.57 EPS for the current fiscal year.
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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