IHS Markit Ltd. (INFO) CFO Todd S. Hyatt Sells 20,000 Shares
IHS Markit Ltd. (NASDAQ:INFO) CFO Todd S. Hyatt sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $44.20, for a total transaction of $884,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
IHS Markit Ltd. (NASDAQ:INFO) traded up 0.73% during mid-day trading on Wednesday, reaching $44.33. 2,319,784 shares of the company were exchanged. The stock has a 50-day moving average of $46.57 and a 200 day moving average of $44.99. IHS Markit Ltd. has a 1-year low of $34.13 and a 1-year high of $48.53. The firm has a market capitalization of $17.63 billion, a P/E ratio of 46.57 and a beta of 0.84.
IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The company had revenue of $904.70 million for the quarter, compared to analyst estimates of $890.99 million. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The firm’s revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. Equities research analysts forecast that IHS Markit Ltd. will post $2.05 earnings per share for the current year.
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A number of analysts have recently weighed in on INFO shares. Deutsche Bank AG restated a “buy” rating and issued a $52.00 price target (up from $50.00) on shares of IHS Markit in a report on Friday, June 16th. Morgan Stanley restated an “underweight” rating and issued a $41.00 price target (up from $40.00) on shares of IHS Markit in a report on Tuesday, July 18th. Zacks Investment Research cut shares of IHS Markit from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. BMO Capital Markets raised their price target on shares of IHS Markit from $49.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $50.00 price target (up from $48.00) on shares of IHS Markit in a report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $46.67.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of IHS Markit by 23.1% in the second quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock valued at $1,449,201,000 after acquiring an additional 6,171,840 shares during the period. BlackRock Inc. boosted its holdings in shares of IHS Markit by 104.2% in the second 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. FMR LLC boosted its holdings in shares of IHS Markit by 20.6% in the second quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock valued at $771,256,000 after acquiring an additional 2,991,526 shares during the period. Edgewood Management LLC boosted its holdings in shares of IHS Markit by 2.6% in the first quarter. Edgewood Management LLC now owns 16,283,098 shares of the business services provider’s stock valued at $683,076,000 after acquiring an additional 405,039 shares during the period. Finally, State Street Corp boosted its holdings in shares of IHS Markit by 269.2% in the second 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. 96.06% of the stock is owned by institutional investors and hedge funds.
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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