IHS Markit (INFO) Hits New 12-Month High at $58.90

Share on StockTwits

IHS Markit Ltd (NASDAQ:INFO) reached a new 52-week high on Wednesday . The stock traded as high as $58.90 and last traded at $58.75, with a volume of 103040 shares. The stock had previously closed at $58.43.

INFO has been the subject of several research analyst reports. UBS Group boosted their target price on shares of IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 12th. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Wednesday, March 20th. Morgan Stanley boosted their target price on shares of IHS Markit from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. BidaskClub downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, Piper Jaffray Companies boosted their target price on shares of IHS Markit from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $58.86.

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $23.46 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.54 and a beta of 0.83.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. IHS Markit had a net margin of 9.96% and a return on equity of 9.80%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. Sell-side analysts predict that IHS Markit Ltd will post 2.12 earnings per share for the current year.

In other IHS Markit news, CFO Todd S. Hyatt sold 40,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $56.24, for a total transaction of $2,249,600.00. Following the completion of the transaction, the chief financial officer now directly owns 243,083 shares of the company’s stock, valued at approximately $13,670,987.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $54.50, for a total transaction of $1,635,000.00. The disclosure for this sale can be found here. 2.68% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Utah Retirement Systems boosted its stake in IHS Markit by 0.3% during the 4th quarter. Utah Retirement Systems now owns 71,175 shares of the business services provider’s stock valued at $3,414,000 after purchasing an additional 200 shares during the period. CWM LLC boosted its stake in IHS Markit by 48.3% during the 1st quarter. CWM LLC now owns 688 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 224 shares during the period. Great West Life Assurance Co. Can boosted its stake in IHS Markit by 7.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 3,582 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 244 shares during the period. Crossmark Global Holdings Inc. boosted its stake in IHS Markit by 0.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 37,550 shares of the business services provider’s stock valued at $2,042,000 after purchasing an additional 250 shares during the period. Finally, Keybank National Association OH boosted its stake in IHS Markit by 2.4% during the 1st quarter. Keybank National Association OH now owns 10,818 shares of the business services provider’s stock valued at $588,000 after purchasing an additional 256 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was posted by Highlight Press and is the property of of Highlight Press. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://highlightpress.com/2019/05/22/ihs-markit-info-hits-new-12-month-high-at-58-90.html.

IHS Markit Company Profile (NASDAQ:INFO)

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.

Read More: Index Funds

Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.