American International Group Inc. grew its holdings in IHS Markit Ltd (NASDAQ:INFO) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,846 shares of the business services provider’s stock after purchasing an additional 8,422 shares during the period. American International Group Inc.’s holdings in IHS Markit were worth $8,355,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in INFO. Edgewood Management LLC lifted its stake in IHS Markit by 2.4% during the 2nd quarter. Edgewood Management LLC now owns 18,493,151 shares of the business services provider’s stock worth $954,062,000 after acquiring an additional 439,429 shares in the last quarter. FMR LLC lifted its stake in IHS Markit by 10.0% during the 2nd quarter. FMR LLC now owns 16,933,612 shares of the business services provider’s stock worth $873,605,000 after acquiring an additional 1,539,362 shares in the last quarter. American Century Companies Inc. lifted its stake in IHS Markit by 5.2% during the 3rd quarter. American Century Companies Inc. now owns 7,537,951 shares of the business services provider’s stock worth $406,748,000 after acquiring an additional 372,707 shares in the last quarter. Sei Investments Co. lifted its stake in IHS Markit by 1.3% during the 3rd quarter. Sei Investments Co. now owns 4,760,010 shares of the business services provider’s stock worth $256,849,000 after acquiring an additional 63,349 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in IHS Markit by 2.9% during the 2nd quarter. Northern Trust Corp now owns 4,094,784 shares of the business services provider’s stock worth $211,250,000 after acquiring an additional 115,235 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ INFO opened at $53.37 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.62. IHS Markit Ltd has a 1-year low of $43.07 and a 1-year high of $55.99. The stock has a market cap of $21.04 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 2.64 and a beta of 0.74.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. IHS Markit had a return on equity of 9.55% and a net margin of 14.57%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.05 million. During the same quarter in the prior year, the business earned $0.57 EPS. IHS Markit’s revenue was up 10.6% on a year-over-year basis. On average, research analysts expect that IHS Markit Ltd will post 1.82 earnings per share for the current fiscal year.
In other IHS Markit news, CFO Todd S. Hyatt sold 14,517 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $54.01, for a total transaction of $784,063.17. Following the sale, the chief financial officer now owns 341,598 shares in the company, valued at approximately $18,449,707.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.68% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on the company. Stifel Nicolaus increased their target price on IHS Markit from $54.00 to $57.00 and gave the stock a “hold” rating in a research note on Wednesday, September 26th. Wells Fargo & Co increased their target price on IHS Markit from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 26th. BidaskClub lowered IHS Markit from a “buy” rating to a “hold” rating in a research note on Friday, August 24th. Morgan Stanley set a $46.00 target price on IHS Markit and gave the stock a “sell” rating in a research note on Monday, October 15th. Finally, BMO Capital Markets increased their target price on IHS Markit from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. IHS Markit presently has a consensus rating of “Buy” and a consensus price target of $58.00.
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About IHS Markit
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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