Rhumbline Advisers increased its holdings in shares of IHS Markit Ltd. (NASDAQ:INFO) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 653,197 shares of the business services provider’s stock after purchasing an additional 32,215 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of IHS Markit worth $28,793,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. 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 valued at $914,415,000 after buying an additional 10,593,627 shares during the last quarter. State Street Corp boosted its stake in IHS Markit by 269.2% during the second quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock valued at $630,974,000 after buying an additional 10,443,873 shares during the last quarter. Vanguard Group Inc. boosted its stake in IHS Markit by 23.1% during the second quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock valued at $1,449,201,000 after buying an additional 6,171,840 shares during the last quarter. Janus Henderson Group PLC boosted its stake in IHS Markit by 8,621.2% during the second quarter. Janus Henderson Group PLC now owns 4,084,667 shares of the business services provider’s stock valued at $179,889,000 after buying an additional 4,037,831 shares during the last quarter. Finally, BT Investment Management Ltd boosted its stake in IHS Markit by 156.3% during the third quarter. BT Investment Management Ltd now owns 5,887,279 shares of the business services provider’s stock valued at $259,511,000 after buying an additional 3,590,548 shares during the last quarter. Hedge funds and other institutional investors own 99.14% of the company’s stock.
Several equities research analysts have recently issued reports on INFO shares. Goldman Sachs Group started 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. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $45.00 price objective on shares of IHS Markit in a research note on Tuesday, September 26th. UBS lowered their price objective on IHS Markit from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, November 17th. Zacks Investment Research raised IHS Markit from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 16th. Finally, William Blair lowered 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, six have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $47.46.
Shares of IHS Markit Ltd. (NASDAQ INFO) opened at $44.71 on Monday. IHS Markit Ltd. has a one year low of $34.20 and a one year 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. The stock has a market capitalization of $17,834.51, a P/E ratio of 27.60, a P/E/G ratio of 2.44 and a beta of 0.83.
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, topping the 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 return on equity of 8.79% and a net margin of 11.35%. IHS Markit’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. analysts anticipate that IHS Markit Ltd. will post 1.57 earnings per share for the current fiscal year.
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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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