BMO Capital Markets reaffirmed their outperform rating on shares of IHS Markit Ltd. (NASDAQ:INFO) in a research note issued to investors on Wednesday morning. They currently have a $50.00 target price on the business services provider’s stock, down from their previous target price of $52.00.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley lowered their price target on shares of IHS Markit from $41.00 to $40.00 and set an underweight rating for the company in a report on Wednesday. Royal Bank Of Canada lowered their price target on shares of IHS Markit from $50.00 to $49.00 and set an outperform rating for the company in a report on Wednesday. Cantor Fitzgerald reaffirmed a hold rating and set a $45.00 price target on shares of IHS Markit in a report on Tuesday. Zacks Investment Research raised shares of IHS Markit from a sell rating to a hold rating in a report on Tuesday, August 29th. Finally, UBS AG reaffirmed a neutral rating and set a $47.00 price target (up from $43.00) on shares of IHS Markit in a report on Friday, June 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $46.67.

Shares of IHS Markit (INFO) traded down 0.11% during trading on Wednesday, hitting $44.08. 3,864,672 shares of the company were exchanged. The stock has a market cap of $17.53 billion, a P/E ratio of 46.30 and a beta of 0.88. The company’s 50-day moving average price is $46.67 and its 200 day moving average price is $44.61. IHS Markit has a 12 month low of $34.13 and a 12 month high of $48.53.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.04. The business had revenue of $904.70 million during 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 business’s revenue was up 24.9% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. On average, equities analysts predict that IHS Markit will post $2.06 earnings per share for the current fiscal year.

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In other IHS Markit news, EVP Jonathan Gear sold 30,004 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $44.43, for a total transaction of $1,333,077.72. Following the completion of the transaction, the executive vice president now directly owns 328,874 shares of the company’s stock, valued at approximately $14,611,871.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Lance Darrell Gordon Uggla sold 112,162 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $47.27, for a total transaction of $5,301,897.74. Following the transaction, the president now directly owns 461,344 shares of the company’s stock, valued at $21,807,730.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,031,463 shares of company stock valued at $48,308,385.

Several hedge funds and other institutional investors have recently bought and sold shares of INFO. BlackRock Inc. boosted its holdings in shares of IHS Markit by 104.2% in the 2nd quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock valued at $914,415,000 after buying an additional 10,593,627 shares during the period. State Street Corp boosted its holdings in shares of IHS Markit by 269.2% in 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 buying an additional 10,443,873 shares during the period. Vanguard Group Inc. boosted its holdings in shares of IHS Markit by 23.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock valued at $1,449,201,000 after buying an additional 6,171,840 shares during the period. FMR LLC boosted its holdings in shares of IHS Markit by 58.4% in the 1st quarter. FMR LLC now owns 14,521,091 shares of the business services provider’s stock valued at $609,160,000 after buying an additional 5,352,565 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of IHS Markit by 8,621.2% in 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 buying an additional 4,037,831 shares during the period. 96.03% 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.

Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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