Andra AP fonden reduced its stake in IHS Markit Ltd. (NASDAQ:INFO) by 36.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,800 shares of the business services provider’s stock after selling 15,500 shares during the period. Andra AP fonden’s holdings in IHS Markit were worth $1,181,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Dupont Capital Management Corp purchased a new position in IHS Markit in the 2nd quarter worth approximately $120,000. ETF Managers Group LLC purchased a new position in shares of IHS Markit during the second quarter valued at approximately $135,000. Huntington National Bank purchased a new position in shares of IHS Markit during the third quarter valued at approximately $173,000. Flinton Capital Management LLC purchased a new position in shares of IHS Markit during the second quarter valued at approximately $180,000. Finally, Riverhead Capital Management LLC purchased a new position in shares of IHS Markit during the second quarter valued at approximately $198,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.
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Shares of IHS Markit Ltd. (NASDAQ:INFO) opened at $42.99 on Tuesday. The firm has a market capitalization of $17,124.49, a price-to-earnings ratio of 26.50, a P/E/G ratio of 2.29 and a beta of 0.82. IHS Markit Ltd. has a 12 month low of $34.13 and a 12 month high of $48.53. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.44.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The company had revenue of $904.70 million for the quarter, compared to analysts’ expectations of $890.99 million. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. analysts predict that IHS Markit Ltd. will post 1.56 EPS for the current year.
Several equities analysts have recently issued reports on INFO shares. Morgan Stanley reissued an “underweight” rating and set a $41.00 target price (up from $40.00) on shares of IHS Markit in a research note on Tuesday, July 18th. Zacks Investment Research raised IHS Markit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Cantor Fitzgerald reissued a “hold” rating and set a $45.00 target price on shares of IHS Markit in a research note on Tuesday, September 26th. Royal Bank Of Canada reduced their target price on IHS Markit from $50.00 to $49.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 27th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $50.00 target price (down from $52.00) on shares of IHS Markit in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. IHS Markit has a consensus rating of “Hold” and a consensus target price of $47.67.
In related 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 value of $884,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
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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