Crossmark Global Holdings Inc. Takes $980,000 Position in IHS Markit Ltd. (INFO)
Crossmark Global Holdings Inc. bought a new position in shares of IHS Markit Ltd. (NASDAQ:INFO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 22,221 shares of the business services provider’s stock, valued at approximately $980,000.
Other institutional investors have also recently bought and sold shares of the company. State Treasurer State of Michigan lifted its position in shares of IHS Markit by 5.7% during the 3rd quarter. State Treasurer State of Michigan now owns 110,200 shares of the business services provider’s stock worth $4,858,000 after buying an additional 5,900 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of IHS Markit by 6,953.5% in the 2nd quarter. Prudential Financial Inc. now owns 415,450 shares of the business services provider’s stock worth $18,297,000 after purchasing an additional 409,560 shares during the period. Swiss National Bank raised its holdings in shares of IHS Markit by 6.3% in the 2nd quarter. Swiss National Bank now owns 1,350,757 shares of the business services provider’s stock worth $59,487,000 after purchasing an additional 80,000 shares during the period. Principal Financial Group Inc. raised its holdings in shares of IHS Markit by 26.1% in the 2nd quarter. Principal Financial Group Inc. now owns 7,454,101 shares of the business services provider’s stock worth $328,279,000 after purchasing an additional 1,542,180 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in IHS Markit by 102.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,203,898 shares of the business services provider’s stock valued at $53,020,000 after acquiring an additional 610,170 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of IHS Markit Ltd. (NASDAQ INFO) opened at $42.93 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.53. IHS Markit Ltd. has a 1 year low of $34.13 and a 1 year high of $48.53. The stock has a market cap of $17,124.48, a PE ratio of 26.50, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.04. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The business had revenue of $904.70 million during the quarter, compared to analyst estimates of $890.99 million. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s revenue was up 24.9% on a year-over-year basis. equities research analysts anticipate that IHS Markit Ltd. will post 1.56 EPS for the current year.
In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $44.20, for a total transaction of $884,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
A number of brokerages have issued reports on INFO. BMO Capital Markets reissued an “outperform” rating and set a $50.00 target price (down previously from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. Cantor Fitzgerald reissued a “hold” rating and set a $45.00 target price on shares of IHS Markit in a report on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) began coverage on shares of IHS Markit in a report on Wednesday. They set a “buy” rating and a $55.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of IHS Markit from $52.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, September 27th. Finally, Morgan Stanley lowered their target price on shares of IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $47.67.
IHS Markit Profile
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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