Zacks Investment Research Lowers IHS Markit (INFO) to Hold

Zacks Investment Research downgraded shares of IHS Markit (NASDAQ:INFO) from a buy rating to a hold rating in a report issued on Friday.

According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “

INFO has been the topic of a number of other research reports. Goldman Sachs Group assumed coverage on shares of IHS Markit in a report on Wednesday, November 8th. They issued a buy rating and a $55.00 price target on the stock. SunTrust Banks reaffirmed a buy rating and issued a $54.00 price target on shares of IHS Markit in a report on Wednesday, January 17th. UBS Group lowered their price target on shares of IHS Markit from $45.00 to $44.00 and set a neutral rating on the stock in a report on Friday, November 17th. William Blair cut shares of IHS Markit from an outperform rating to a market perform rating in a report on Wednesday, November 15th. Finally, BidaskClub raised shares of IHS Markit from a buy rating to a strong-buy rating in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. IHS Markit presently has a consensus rating of Buy and a consensus price target of $49.14.

Shares of IHS Markit (INFO) opened at $46.77 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. The company has a market cap of $18,605.78, a P/E ratio of 46.31, a P/E/G ratio of 2.18 and a beta of 0.83. IHS Markit has a 1-year low of $37.82 and a 1-year high of $49.19.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The company had revenue of $944.70 million for the quarter, compared to analysts’ expectations of $912.65 million. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. IHS Markit’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. analysts expect that IHS Markit will post 1.84 earnings per share for the current fiscal year.

In other IHS Markit news, insider Michael M. Easton sold 12,167 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $47.46, for a total transaction of $577,445.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Adam Jason Kansler sold 50,000 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $48.00, for a total transaction of $2,400,000.00. Following the sale, the executive vice president now directly owns 146,612 shares in the company, valued at approximately $7,037,376. The disclosure for this sale can be found here. Insiders have sold a total of 208,562 shares of company stock worth $9,923,853 in the last three months.

Several institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its holdings in shares of IHS Markit by 18.9% in the third quarter. Advisor Group Inc. now owns 7,416 shares of the business services provider’s stock worth $326,000 after purchasing an additional 1,180 shares during the period. Amalgamated Bank increased its holdings in shares of IHS Markit by 2.7% in the third quarter. Amalgamated Bank now owns 45,010 shares of the business services provider’s stock worth $1,984,000 after purchasing an additional 1,195 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of IHS Markit by 1.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 87,136 shares of the business services provider’s stock worth $3,841,000 after purchasing an additional 1,216 shares during the period. ING Groep NV increased its holdings in shares of IHS Markit by 12.0% in the fourth quarter. ING Groep NV now owns 13,540 shares of the business services provider’s stock worth $611,000 after purchasing an additional 1,446 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of IHS Markit by 3.5% in the third quarter. Stifel Financial Corp now owns 47,141 shares of the business services provider’s stock worth $2,084,000 after purchasing an additional 1,587 shares during the period. 97.82% of the stock is currently owned by hedge funds and other institutional investors.

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About IHS Markit

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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