Norinchukin Bank The Boosts Holdings in IHS Markit Ltd. (INFO)
Norinchukin Bank The boosted its position in shares of IHS Markit Ltd. (NASDAQ:INFO) by 204.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,114 shares of the business services provider’s stock after buying an additional 45,090 shares during the period. Norinchukin Bank The’s holdings in IHS Markit were worth $2,958,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of INFO. Prudential Financial Inc. purchased a new stake in shares of IHS Markit in the first quarter valued at approximately $247,000. Bank of Montreal Can grew its position in shares of IHS Markit by 105.8% in the second quarter. Bank of Montreal Can now owns 126,607 shares of the business services provider’s stock valued at $5,576,000 after purchasing an additional 65,093 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of IHS Markit in the second quarter valued at approximately $678,000. LS Investment Advisors LLC grew its position in shares of IHS Markit by 137.2% in the second quarter. LS Investment Advisors LLC now owns 12,388 shares of the business services provider’s stock valued at $546,000 after purchasing an additional 7,165 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of IHS Markit in the second quarter valued at approximately $868,000. Institutional investors own 98.72% of the company’s stock.
In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $44.20, for a total transaction of $884,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
INFO has been the subject of a number of analyst reports. Zacks Investment Research lowered IHS Markit from a “hold” rating to a “sell” rating in a research report on Friday, September 29th. Royal Bank Of Canada dropped their price target on IHS Markit from $50.00 to $49.00 and set an “outperform” rating for the company in a research report on Wednesday, September 27th. UBS AG lowered their price objective on IHS Markit from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, November 17th. SunTrust Banks, Inc. increased their price objective on IHS Markit to $48.00 and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on IHS Markit in a research report on Wednesday, November 8th. They issued a “buy” rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $47.46.
IHS Markit Ltd. (NASDAQ INFO) opened at $43.43 on Friday. The company has a market capitalization of $17,323.94, a price-to-earnings ratio of 26.81, a P/E/G ratio of 2.37 and a beta of 0.82. IHS Markit Ltd. has a twelve month low of $34.20 and a twelve month high of $48.53. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.44.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. The company had revenue of $904.70 million for the quarter, compared to analyst estimates of $890.99 million. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. equities analysts expect that IHS Markit Ltd. will post 1.57 EPS for the current fiscal year.
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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.
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