Nationwide Fund Advisors lowered its holdings in shares of IHS Markit Ltd. (NASDAQ:INFO) by 46.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,272 shares of the business services provider’s stock after selling 87,567 shares during the period. Nationwide Fund Advisors’ holdings in IHS Markit were worth $4,508,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of INFO. BlackRock Inc. boosted its stake in IHS Markit by 104.2% during the second quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock worth $914,415,000 after acquiring an additional 10,593,627 shares in the last quarter. State Street Corp lifted its stake in shares of IHS Markit by 269.2% in the second quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock worth $630,974,000 after buying an additional 10,443,873 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 worth $1,449,201,000 after buying an additional 6,171,840 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of IHS Markit by 8,621.2% in the second quarter. Janus Henderson Group PLC now owns 4,084,667 shares of the business services provider’s stock worth $179,889,000 after buying an additional 4,037,831 shares in the last quarter. Finally, FMR LLC lifted its stake 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 worth $771,256,000 after buying an additional 2,991,526 shares in the last quarter. 99.21% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on INFO shares. Zacks Investment Research upgraded shares of IHS Markit from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 16th. Goldman Sachs Group started coverage on shares of IHS Markit in a research note on Wednesday, November 8th. They issued a “buy” rating and a $55.00 target price on the stock. SunTrust Banks upped their target price on shares of IHS Markit to $48.00 and gave the stock a “hold” rating in a research note on Tuesday, November 14th. UBS dropped their target price on shares of IHS Markit from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, November 17th. Finally, William Blair downgraded shares of IHS Markit from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $47.64.
IHS Markit Ltd. (INFO) opened at $44.88 on Friday. The firm has a market cap of $17,900.00, a P/E ratio of 27.90, a P/E/G ratio of 2.16 and a beta of 0.83. IHS Markit Ltd. has a 52-week low of $34.20 and a 52-week high of $48.53. 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 issued its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.04. The company had revenue of $904.70 million for the quarter, compared to the consensus estimate of $890.99 million. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. equities analysts expect that IHS Markit Ltd. will post 1.57 EPS for the current 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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