IHS Markit (INFO) Shares Bought by Three Peaks Capital Management LLC
Three Peaks Capital Management LLC increased its position in IHS Markit (NASDAQ:INFO) by 17.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 209,053 shares of the business services provider’s stock after acquiring an additional 30,659 shares during the period. IHS Markit comprises about 1.7% of Three Peaks Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. Three Peaks Capital Management LLC owned 0.05% of IHS Markit worth $10,085,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of INFO. Goldman Sachs Group Inc. grew its holdings in IHS Markit by 23.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,936,881 shares of the business services provider’s stock valued at $177,750,000 after purchasing an additional 737,185 shares during the period. American International Group Inc. grew its holdings in IHS Markit by 27.7% during the fourth quarter. American International Group Inc. now owns 156,617 shares of the business services provider’s stock valued at $7,071,000 after purchasing an additional 33,997 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in IHS Markit during the fourth quarter valued at about $11,839,000. Wells Fargo & Company MN grew its holdings in IHS Markit by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,717,478 shares of the business services provider’s stock valued at $77,546,000 after purchasing an additional 5,907 shares during the period. Finally, Amica Pension Fund Board of Trustees bought a new stake in IHS Markit during the fourth quarter valued at about $591,000. 96.62% of the stock is owned by institutional investors.
Several analysts have issued reports on the company. BMO Capital Markets reissued a “buy” rating and set a $53.00 price target on shares of IHS Markit in a report on Wednesday, March 28th. Zacks Investment Research lowered IHS Markit from a “buy” rating to a “hold” rating in a report on Friday, February 16th. UBS Group boosted their price target on IHS Markit from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, March 28th. BidaskClub lowered IHS Markit from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 31st. Finally, Morgan Stanley boosted their price target on IHS Markit from $43.00 to $44.00 and gave the company an “underweight” rating in a report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $53.92.
NASDAQ INFO opened at $51.49 on Thursday. The stock has a market capitalization of $19.79 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.79 and a quick ratio of 0.79. IHS Markit has a twelve month low of $42.40 and a twelve month high of $52.61.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, March 27th. The business services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. The firm had revenue of $932.10 million during the quarter, compared to analyst estimates of $906.91 million. IHS Markit had a return on equity of 9.33% and a net margin of 16.06%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. equities research analysts predict that IHS Markit will post 1.84 earnings per share for the current fiscal year.
IHS Markit 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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