Tocqueville Asset Management L.P. bought a new stake in IHS Markit Ltd (NYSE:INFO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,000 shares of the business services provider’s stock, valued at approximately $535,000.
Several other institutional investors and hedge funds have also made changes to their positions in INFO. Campbell & CO Investment Adviser LLC acquired a new stake in shares of IHS Markit during the 2nd quarter valued at approximately $262,000. BlackRock Inc. raised its position in shares of IHS Markit by 2.6% during the 2nd quarter. BlackRock Inc. now owns 24,402,266 shares of the business services provider’s stock valued at $1,554,912,000 after acquiring an additional 627,522 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of IHS Markit by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 37,238 shares of the business services provider’s stock valued at $2,373,000 after acquiring an additional 226 shares in the last quarter. Jane Street Group LLC raised its position in shares of IHS Markit by 853.1% during the 2nd quarter. Jane Street Group LLC now owns 38,115 shares of the business services provider’s stock valued at $2,429,000 after acquiring an additional 34,116 shares in the last quarter. Finally, InterOcean Capital LLC acquired a new stake in shares of IHS Markit during the 2nd quarter valued at approximately $3,838,000. 97.39% of the stock is currently owned by institutional investors.
Several research firms recently issued reports on INFO. ValuEngine lowered IHS Markit from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays set a $75.00 price target on IHS Markit and gave the company a “buy” rating in a research report on Tuesday, September 24th. Canaccord Genuity began coverage on IHS Markit in a research report on Thursday, September 12th. They set a “buy” rating and a $78.00 price target on the stock. BidaskClub lowered IHS Markit from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, William Blair reissued an “outperform” rating on shares of IHS Markit in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.58.
Shares of INFO opened at $69.70 on Friday. The company has a market cap of $27.46 billion, a P/E ratio of 35.20, a PEG ratio of 2.69 and a beta of 0.78. The stock has a fifty day moving average price of $68.31 and a 200 day moving average price of $63.46. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. IHS Markit Ltd has a 12 month low of $44.52 and a 12 month high of $71.05.
IHS Markit (NYSE:INFO) last issued its quarterly earnings data on Tuesday, September 24th. The business services provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.14. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. IHS Markit had a return on equity of 10.35% and a net margin of 8.74%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 EPS. As a group, research analysts anticipate that IHS Markit Ltd will post 2.13 earnings per share for the current year.
IHS Markit Profile
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.
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