Wells Fargo & Company MN grew its position in shares of IHS Markit Ltd. (NASDAQ:INFO) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,711,571 shares of the business services provider’s stock after purchasing an additional 152,419 shares during the period. Wells Fargo & Company MN owned approximately 0.43% of IHS Markit worth $75,446,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in INFO. BlackRock Inc. lifted 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 purchasing an additional 10,593,627 shares in the last quarter. State Street Corp increased its position in shares of 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 worth $630,974,000 after acquiring an additional 10,443,873 shares during the period. Vanguard Group Inc. increased its position in shares of 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 worth $1,449,201,000 after acquiring an additional 6,171,840 shares during the period. Janus Henderson Group PLC increased its position in shares of 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 worth $179,889,000 after acquiring an additional 4,037,831 shares during the period. Finally, BT Investment Management Ltd increased its position in shares of 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 worth $259,511,000 after acquiring an additional 3,590,548 shares during the period. Institutional investors own 99.21% of the company’s stock.
A number of research firms have recently weighed in on INFO. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday. Goldman Sachs Group began coverage on IHS Markit in a research report on Wednesday, November 8th. They set a “buy” rating and a $55.00 price objective on the stock. Cantor Fitzgerald reaffirmed a “hold” rating and set a $45.00 price objective on shares of IHS Markit in a research report on Tuesday, September 26th. UBS cut their price objective on IHS Markit from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, November 17th. Finally, William Blair lowered IHS Markit from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $47.64.
IHS Markit Ltd. (NASDAQ:INFO) opened at $45.34 on Thursday. The company has a market capitalization of $17,726.82, a price-to-earnings ratio of 27.43, a P/E/G ratio of 2.12 and a beta of 0.83. 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 Ltd. has a twelve month low of $34.20 and a twelve month high of $48.53.
IHS Markit (NASDAQ:INFO) last posted its earnings results 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. The firm had revenue of $904.70 million for the quarter, compared to analyst estimates 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 for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. equities analysts expect that IHS Markit Ltd. will post 1.57 EPS for the current fiscal year.
In related news, CFO Todd S. Hyatt sold 20,000 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
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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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