AMP Capital Investors Ltd boosted its position in shares of IHS Markit Ltd (NASDAQ:INFO) by 14.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 243,796 shares of the business services provider’s stock after purchasing an additional 31,017 shares during the quarter. AMP Capital Investors Ltd’s holdings in IHS Markit were worth $11,006,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of INFO. Dimensional Fund Advisors LP lifted its holdings in IHS Markit by 528.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 135,257 shares of the business services provider’s stock worth $5,957,000 after buying an additional 113,735 shares in the last quarter. Prudential Financial Inc. lifted its holdings in IHS Markit by 9.8% during the 3rd quarter. Prudential Financial Inc. now owns 456,190 shares of the business services provider’s stock worth $20,109,000 after buying an additional 40,740 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in IHS Markit by 11.4% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 35,606 shares of the business services provider’s stock worth $1,570,000 after buying an additional 3,631 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its holdings in IHS Markit by 60.8% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,841 shares of the business services provider’s stock worth $434,000 after buying an additional 3,721 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in IHS Markit by 14.5% during the 3rd quarter. Retirement Systems of Alabama now owns 176,242 shares of the business services provider’s stock worth $7,769,000 after buying an additional 22,367 shares in the last quarter. 91.36% of the stock is currently owned by hedge funds and other institutional investors.

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IHS Markit Ltd (INFO) opened at $48.84 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $19,510.00, a price-to-earnings ratio of 48.84, a PEG ratio of 2.29 and a beta of 0.82. IHS Markit Ltd has a 12 month low of $37.82 and a 12 month high of $49.49.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.10. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The company had revenue of $944.70 million for the quarter, compared to the consensus estimate of $912.65 million. During the same quarter in the prior year, the business posted $0.48 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. sell-side analysts forecast that IHS Markit Ltd will post 1.84 earnings per share for the current year.

In related news, Vice Chairman Daniel Yergin sold 66,871 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $47.46, for a total value of $3,173,697.66. Following the completion of the sale, the insider now owns 338,776 shares in the company, valued at approximately $16,078,308.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Todd S. Hyatt sold 25,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $47.40, for a total transaction of $1,185,000.00. Following the completion of the sale, the chief financial officer now owns 415,128 shares of the company’s stock, valued at approximately $19,677,067.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 208,562 shares of company stock valued at $9,923,853. 2.68% of the stock is owned by corporate insiders.

Several research analysts have issued reports on the company. BidaskClub raised IHS Markit from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Zacks Investment Research downgraded IHS Markit from a “buy” rating to a “hold” rating in a research note on Tuesday. William Blair raised IHS Markit from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 1st. SunTrust Banks reissued a “buy” rating and issued a $54.00 price target on shares of IHS Markit in a research note on Wednesday, January 17th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $52.00 price target on shares of IHS Markit in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. IHS Markit presently has an average rating of “Buy” and an average price target of $49.43.

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IHS Markit Company 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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Institutional Ownership by Quarter for IHS Markit (NASDAQ:INFO)

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