Zacks Investment Research downgraded shares of IHS Markit (NASDAQ:INFO) from a buy rating to a hold rating in a research report report published on Tuesday morning.
According to Zacks, “IHS Markit Ltd. provides information, analytics and solutions to customers. It serves business, finance and government. IHS Markit Ltd., formerly known as Markit Ltd., is based in LONDON, United Kingdom. “
Several other analysts also recently commented on the company. SunTrust Banks raised IHS Markit from a hold rating to a buy rating in a research note on Tuesday, November 28th. Royal Bank of Canada reaffirmed a buy rating and set a $52.00 price objective on shares of IHS Markit in a research note on Wednesday, December 20th. UBS Group reduced 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. Stifel Nicolaus reaffirmed a hold rating on shares of IHS Markit in a research note on Tuesday, January 16th. Finally, William Blair downgraded 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, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. IHS Markit currently has a consensus rating of Buy and a consensus price target of $49.43.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.10. The firm had revenue of $944.70 million during the quarter, compared to the consensus estimate of $912.65 million. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. research analysts anticipate that IHS Markit will post 1.84 earnings per share for the current year.
In other news, CFO Todd S. Hyatt sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $47.40, for a total transaction of $1,185,000.00. Following the completion of the transaction, the chief financial officer now directly owns 415,128 shares of the company’s stock, valued at approximately $19,677,067.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert P. Kelly bought 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were acquired at an average cost of $48.69 per share, with a total value of $486,900.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 208,562 shares of company stock valued at $9,923,853. Company insiders own 2.68% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Zions Bancorporation purchased a new position in shares of IHS Markit during the 3rd quarter worth approximately $126,000. Capital One National Association purchased a new position in shares of IHS Markit during the 4th quarter worth approximately $211,000. Tower Research Capital LLC TRC increased its stake in IHS Markit by 779.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,094 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 4,515 shares in the last quarter. Caxton Associates LP purchased a new position in IHS Markit in the 3rd quarter valued at approximately $229,000. Finally, ETRADE Capital Management LLC purchased a new position in IHS Markit in the 4th quarter valued at approximately $247,000. 91.36% of the stock is owned by institutional investors and hedge funds.
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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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