Mawer Investment Management Ltd. raised its holdings in IHS Markit Ltd (NASDAQ:INFO) by 1.1% in the first quarter, Holdings Channel reports. The fund owned 3,235,977 shares of the business services provider’s stock after buying an additional 34,276 shares during the period. Mawer Investment Management Ltd.’s holdings in IHS Markit were worth $175,972,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of IHS Markit by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 1,924,854 shares of the business services provider’s stock worth $103,865,000 after acquiring an additional 155,469 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of IHS Markit by 5.8% in the 3rd quarter. Legal & General Group Plc now owns 1,792,526 shares of the business services provider’s stock valued at $96,724,000 after purchasing an additional 98,173 shares in the last quarter. Morgan Stanley boosted its stake in shares of IHS Markit by 103.8% in the 3rd quarter. Morgan Stanley now owns 339,967 shares of the business services provider’s stock valued at $18,344,000 after purchasing an additional 173,115 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of IHS Markit in the 4th quarter valued at $66,000. Finally, Avestar Capital LLC boosted its stake in shares of IHS Markit by 10,250.0% in the 4th quarter. Avestar Capital LLC now owns 1,035 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,025 shares in the last quarter. Institutional investors own 96.19% of the company’s stock.
Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of IHS Markit from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 17th. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Wednesday, March 20th. Piper Jaffray Companies lifted their price target on IHS Markit from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. UBS Group lifted their price target on IHS Markit from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, March 12th. Finally, Morgan Stanley lifted their price target on IHS Markit from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. IHS Markit has a consensus rating of “Buy” and a consensus price target of $58.77.
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 stock was sold at an average price of $56.24, for a total transaction of $2,249,600.00. Following the completion of the sale, the chief financial officer now directly owns 243,083 shares of the company’s stock, valued at approximately $13,670,987.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $54.50, for a total value of $1,635,000.00. The disclosure for this sale can be found here. Insiders own 1.11% of the company’s stock.
NASDAQ:INFO traded up $0.62 on Monday, hitting $58.38. 1,619,983 shares of the stock were exchanged, compared to its average volume of 1,438,897. The stock has a market capitalization of $23.34 billion, a P/E ratio of 29.48, a P/E/G ratio of 2.58 and a beta of 0.83. IHS Markit Ltd has a 52 week low of $44.52 and a 52 week high of $59.14. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61.
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, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.15. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. IHS Markit had a return on equity of 9.80% and a net margin of 9.96%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. As a group, equities analysts predict that IHS Markit Ltd will post 2.12 EPS for the current year.
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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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