IHS Markit Ltd. (NASDAQ:INFO) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 10,128,805 shares, a decline of 25.8% from the October 13th total of 13,656,490 shares. Based on an average daily trading volume, of 2,074,650 shares, the short-interest ratio is presently 4.9 days. Approximately 2.6% of the shares of the company are sold short.
IHS Markit (NASDAQ INFO) opened at $43.89 on Wednesday. IHS Markit has a 1-year low of $34.13 and a 1-year high of $48.53. The company has a market cap of $17,148.42, a PE ratio of 26.54, a price-to-earnings-growth ratio of 2.30 and a beta of 0.82. 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 (NASDAQ:INFO) last released its quarterly earnings data 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 net margin of 11.35% and a return on equity of 8.79%. The business had revenue of $904.70 million during the quarter, compared to the consensus estimate of $890.99 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue was up 24.9% on a year-over-year basis. equities research analysts forecast that IHS Markit will post 1.56 earnings per share for the current fiscal year.
A number of brokerages have weighed in on INFO. SunTrust Banks, Inc. boosted their target price on shares of IHS Markit to $48.00 and gave the company a “hold” rating in a research note on Tuesday. BMO Capital Markets restated an “outperform” rating and issued a $50.00 price objective (down from $52.00) on shares of IHS Markit in a research note on Wednesday, September 27th. Cantor Fitzgerald restated a “hold” rating and issued a $45.00 price objective on shares of IHS Markit in a research note on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) assumed coverage on IHS Markit in a research note on Wednesday, November 8th. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Wells Fargo & Company reduced 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. IHS Markit presently has a consensus rating of “Hold” and an average price target of $47.69.
In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of IHS Markit by 23.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock valued at $1,449,201,000 after acquiring an additional 6,171,840 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of IHS Markit by 104.2% in the 2nd quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock valued at $914,415,000 after acquiring an additional 10,593,627 shares during the last quarter. FMR LLC lifted its holdings in shares of IHS Markit by 20.6% in the 2nd quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock valued at $771,256,000 after acquiring an additional 2,991,526 shares during the last quarter. Edgewood Management LLC lifted its holdings in shares of IHS Markit by 0.9% in the 3rd quarter. Edgewood Management LLC now owns 17,088,421 shares of the business services provider’s stock valued at $753,258,000 after acquiring an additional 158,338 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of IHS Markit by 269.2% in the 2nd quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock valued at $630,974,000 after acquiring an additional 10,443,873 shares during the last quarter. 94.48% of the stock is owned by hedge funds and other institutional investors.
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IHS Markit Company 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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