IHS Markit Ltd (NASDAQ:INFO) EVP Jonathan Gear sold 15,587 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $52.51, for a total transaction of $818,473.37. Following the transaction, the executive vice president now directly owns 168,151 shares in the company, valued at $8,829,609.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Jonathan Gear also recently made the following trade(s):
- On Tuesday, February 5th, Jonathan Gear sold 46,460 shares of IHS Markit stock. The stock was sold at an average price of $52.03, for a total transaction of $2,417,313.80.
Shares of NASDAQ INFO opened at $53.35 on Thursday. The stock has a market capitalization of $20.83 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 2.32 and a beta of 0.82. IHS Markit Ltd has a 52 week low of $44.52 and a 52 week high of $55.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.47 and a current ratio of 0.47.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, January 15th. The business services provider reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.12. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. IHS Markit had a net margin of 13.53% and a return on equity of 9.58%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. As a group, equities research analysts expect that IHS Markit Ltd will post 2.12 earnings per share for the current year.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of IHS Markit from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. BidaskClub raised shares of IHS Markit from a “hold” rating to a “buy” rating in a research note on Tuesday, December 4th. Credit Suisse Group assumed coverage on shares of IHS Markit in a research note on Friday, December 7th. They set an “outperform” rating and a $65.00 price target on the stock. UBS Group lowered their price target on shares of IHS Markit from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 8th. Finally, Morgan Stanley set a $45.00 price target on shares of IHS Markit and gave the stock a “sell” rating in a research note on Tuesday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $57.93.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in IHS Markit by 3.6% in the 4th quarter. BlackRock Inc. now owns 23,244,306 shares of the business services provider’s stock valued at $1,115,027,000 after purchasing an additional 809,731 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in IHS Markit by 21.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 22,031,949 shares of the business services provider’s stock valued at $1,056,784,000 after purchasing an additional 3,927,202 shares in the last quarter. Edgewood Management LLC lifted its holdings in IHS Markit by 1.6% in the 3rd quarter. Edgewood Management LLC now owns 18,793,933 shares of the business services provider’s stock valued at $1,014,121,000 after purchasing an additional 300,782 shares in the last quarter. FMR LLC lifted its holdings in IHS Markit by 10.0% in the 2nd quarter. FMR LLC now owns 16,933,612 shares of the business services provider’s stock valued at $873,605,000 after purchasing an additional 1,539,362 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in IHS Markit by 5.2% in the 3rd quarter. American Century Companies Inc. now owns 7,537,951 shares of the business services provider’s stock valued at $406,748,000 after purchasing an additional 372,707 shares in the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.
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IHS Markit Company 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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