AMP Capital Investors Ltd grew its holdings in shares of IHS Markit Ltd. (NASDAQ:INFO) by 18.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,779 shares of the business services provider’s stock after buying an additional 33,707 shares during the period. AMP Capital Investors Ltd owned 0.05% of IHS Markit worth $9,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of INFO. BlackRock Inc. increased its position in 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 period. State Street Corp increased its position in 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 period. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 6,171,840 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of IHS Markit by 8,621.2% during the 2nd quarter. Janus Henderson Group PLC now owns 4,084,667 shares of the business services provider’s stock worth $179,889,000 after acquiring an additional 4,037,831 shares in the last quarter. Finally, BT Investment Management Ltd boosted its stake in shares of IHS Markit by 156.3% during the 3rd quarter. BT Investment Management Ltd now owns 5,887,279 shares of the business services provider’s stock worth $259,511,000 after acquiring an additional 3,590,548 shares in the last quarter. Institutional investors and hedge funds own 99.21% of the company’s stock.
Several brokerages have recently commented on INFO. Morgan Stanley decreased their price target on IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 27th. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, December 6th. Royal Bank of Canada decreased their price target 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. Bank of America reduced their target price on IHS Markit from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, September 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $50.00 target price (down previously from $52.00) on shares of IHS Markit in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $47.64.
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, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The company had revenue of $904.70 million during 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 revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. equities research analysts anticipate that IHS Markit Ltd. will post 1.57 earnings per share for the current fiscal year.
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 stock was sold at an average price of $44.20, for a total value of $884,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
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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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