Zacks Investment Research Lowers IHS Markit (INFO) to Hold

Zacks Investment Research lowered shares of IHS Markit (NASDAQ:INFO) from a buy rating to a hold rating in a research note issued to investors on Thursday.

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 subject of several other reports. BMO Capital Markets restated a buy rating and set a $53.00 price target on shares of IHS Markit in a research note on Wednesday, March 28th. UBS Group upped their price target on IHS Markit from $51.00 to $54.00 and gave the stock a neutral rating in a research note on Wednesday, March 28th. BidaskClub lowered IHS Markit from a strong-buy rating to a buy rating in a research note on Thursday, May 31st. Morgan Stanley upped their price target on IHS Markit from $43.00 to $44.00 and gave the stock an underweight rating in a research note on Wednesday, March 28th. Finally, Macquarie upgraded IHS Markit from a neutral rating to an outperform rating in a research note on Friday, June 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $55.38.

NASDAQ INFO opened at $51.59 on Thursday. IHS Markit has a twelve month low of $42.40 and a twelve month high of $53.05. The stock has a market cap of $20.39 billion, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 2.37 and a beta of 0.77. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 0.56.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, June 26th. The business services provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $974.12 million. IHS Markit had a return on equity of 9.68% and a net margin of 16.03%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. equities analysts anticipate that IHS Markit will post 1.85 EPS for the current year.

In other news, CEO Lance Darrell Gordon Uggla sold 60,000 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $48.81, for a total value of $2,928,600.00. Following the completion of the sale, the chief executive officer now owns 376,023 shares in the company, valued at $18,353,682.63. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Todd S. Hyatt sold 25,000 shares of the stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $49.06, for a total value of $1,226,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 622,400 shares of company stock valued at $30,314,866. Insiders own 2.68% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mountain Pacific Investment Advisers Inc. ID boosted its holdings in IHS Markit by 0.4% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 319,455 shares of the business services provider’s stock valued at $15,411,000 after purchasing an additional 1,200 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in IHS Markit by 0.4% in the first quarter. Stephens Investment Management Group LLC now owns 338,893 shares of the business services provider’s stock valued at $16,348,000 after purchasing an additional 1,213 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in IHS Markit by 8.0% in the first quarter. Nuveen Asset Management LLC now owns 18,321 shares of the business services provider’s stock valued at $884,000 after purchasing an additional 1,360 shares during the last quarter. M&T Bank Corp boosted its holdings in IHS Markit by 7.4% in the first quarter. M&T Bank Corp now owns 20,143 shares of the business services provider’s stock valued at $972,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Korea Investment CORP boosted its holdings in IHS Markit by 42.0% in the first quarter. Korea Investment CORP now owns 4,730 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 1,400 shares during the last quarter. 96.26% of the stock is owned by hedge funds and other institutional investors.

IHS Markit Company Profile

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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Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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