IHS Markit (NASDAQ:INFO) was upgraded by William Blair from a “market perform” rating to an “outperform” rating in a report released on Thursday, The Fly reports.
A number of other brokerages have also weighed in on INFO. SunTrust Banks restated a “buy” rating and issued a $54.00 target price on shares of IHS Markit in a research note on Wednesday, January 17th. Stifel Nicolaus restated a “hold” rating on shares of IHS Markit in a research note on Tuesday, January 16th. BMO Capital Markets restated a “buy” rating and issued a $52.00 target price on shares of IHS Markit in a research note on Wednesday, January 17th. Piper Jaffray Companies restated a “buy” rating and issued a $54.00 target price on shares of IHS Markit in a research note on Wednesday, January 17th. Finally, Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $49.29.
IHS Markit (NASDAQ:INFO) traded down $0.13 during trading hours on Thursday, hitting $47.60. The company had a trading volume of 1,317,892 shares, compared to its average volume of 2,377,722. 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 has a 12 month low of $37.82 and a 12 month high of $49.19. The company has a market cap of $19,007.57, a price-to-earnings ratio of 47.13, a price-to-earnings-growth ratio of 2.23 and a beta of 0.83.
In other news, Director Robert P. Kelly acquired 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was purchased at an average cost of $48.69 per share, for a total transaction of $486,900.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Adam Jason Kansler sold 50,000 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $48.00, for a total value of $2,400,000.00. Following the completion of the transaction, the executive vice president now owns 146,612 shares of the company’s stock, valued at $7,037,376. The disclosure for this sale can be found here.
A number of hedge funds have recently modified their holdings of INFO. State Street Corp boosted its holdings in IHS Markit by 269.2% during the 2nd 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. Janus Henderson Group PLC boosted its holdings in IHS Markit by 8,621.2% during the 2nd quarter. Janus Henderson Group PLC now owns 4,084,667 shares of the business services provider’s stock valued at $179,889,000 after acquiring an additional 4,037,831 shares during the period. BT Investment Management Ltd boosted its holdings in IHS Markit by 156.3% during the 3rd quarter. BT Investment Management Ltd now owns 5,887,279 shares of the business services provider’s stock valued at $259,511,000 after acquiring an additional 3,590,548 shares during the period. Atlantic Trust Group LLC boosted its holdings in IHS Markit by 458.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 1,141,009 shares of the business services provider’s stock valued at $50,295,000 after acquiring an additional 936,666 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in IHS Markit by 9.9% during the 3rd quarter. Principal Financial Group Inc. now owns 8,194,561 shares of the business services provider’s stock valued at $361,216,000 after acquiring an additional 740,460 shares during the period. Institutional investors own 99.23% of the company’s stock.
WARNING: This report was first published by American Banking and Market News and is the sole property of of American Banking and Market News. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/02/01/ihs-markit-info-upgraded-to-outperform-at-william-blair.html.
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.
