Lunia Capital LP purchased a new stake in IHS Markit Ltd (NASDAQ:INFO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 273,461 shares of the business services provider’s stock, valued at approximately $12,347,000. IHS Markit accounts for approximately 5.0% of Lunia Capital LP’s holdings, making the stock its largest holding.
Several other hedge funds also recently modified their holdings of INFO. IBIS Capital Partners LLP bought a new stake in IHS Markit during the fourth quarter worth $1,183,000. Carillon Tower Advisers Inc. bought a new stake in IHS Markit during the fourth quarter worth $30,321,000. Liberty Mutual Group Asset Management Inc. lifted its stake in IHS Markit by 12.7% during the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 14,479 shares of the business services provider’s stock worth $654,000 after purchasing an additional 1,627 shares during the last quarter. Amica Pension Fund Board of Trustees bought a new stake in IHS Markit during the fourth quarter worth $591,000. Finally, Amica Mutual Insurance Co. bought a new stake in IHS Markit during the fourth quarter worth $800,000. Institutional investors and hedge funds own 97.82% of the company’s stock.
INFO has been the subject of several recent analyst reports. Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Wednesday, December 6th. SunTrust Banks upgraded IHS Markit from a “hold” rating to a “buy” rating in a research note on Tuesday, November 28th. Goldman Sachs Group initiated coverage on IHS Markit in a research note on Wednesday, November 8th. They set a “buy” rating and a $55.00 target price for the company. Royal Bank of Canada restated a “buy” rating and set a $52.00 target price on shares of IHS Markit in a research note on Wednesday, December 20th. Finally, UBS Group cut their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $49.14.
IHS Markit Ltd (INFO) opened at $47.01 on Wednesday. The stock has a market cap of $20,216.30, a price-to-earnings ratio of 46.55, a PEG ratio of 2.22 and a beta of 0.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.53 and a current ratio of 0.53. IHS Markit Ltd has a 1-year low of $37.82 and a 1-year high of $49.19.
IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. The company had revenue of $944.70 million during the quarter, compared to the consensus estimate of $912.65 million. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share. research analysts predict that IHS Markit Ltd will post 1.84 EPS for the current fiscal year.
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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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