Todd Asset Management LLC Grows Stake in IHS Markit Ltd (INFO)
Todd Asset Management LLC grew its position in IHS Markit Ltd (NASDAQ:INFO) by 0.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 466,435 shares of the business services provider’s stock after buying an additional 1,333 shares during the period. Todd Asset Management LLC owned 0.12% of IHS Markit worth $25,169,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Edgewood Management LLC grew its stake in shares of IHS Markit by 2.4% during the second quarter. Edgewood Management LLC now owns 18,493,151 shares of the business services provider’s stock worth $954,062,000 after purchasing an additional 439,429 shares during the period. FMR LLC grew its stake in shares of IHS Markit by 10.0% during the second quarter. FMR LLC now owns 16,933,612 shares of the business services provider’s stock worth $873,605,000 after purchasing an additional 1,539,362 shares during the period. American Century Companies Inc. grew its stake in shares of IHS Markit by 5.2% during the third quarter. American Century Companies Inc. now owns 7,537,951 shares of the business services provider’s stock worth $406,748,000 after purchasing an additional 372,707 shares during the period. Sei Investments Co. grew its stake in shares of IHS Markit by 1.3% during the third quarter. Sei Investments Co. now owns 4,760,010 shares of the business services provider’s stock worth $256,849,000 after purchasing an additional 63,349 shares during the period. Finally, Northern Trust Corp grew its stake in shares of IHS Markit by 2.9% during the second quarter. Northern Trust Corp now owns 4,094,784 shares of the business services provider’s stock worth $211,250,000 after purchasing an additional 115,235 shares during the period. 96.98% of the stock is owned by institutional investors and hedge funds.
INFO has been the subject of a number of analyst reports. Morgan Stanley set a $49.00 price objective on IHS Markit and gave the stock a “sell” rating in a research note on Thursday, September 13th. BMO Capital Markets lifted their price objective on IHS Markit from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 4th. Zacks Investment Research cut IHS Markit from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. SunTrust Banks lifted their price objective on IHS Markit to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, September 26th. They noted that the move was a valuation call. Finally, BidaskClub cut IHS Markit from a “buy” rating to a “hold” rating in a research note on Friday, August 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $58.00.
INFO stock traded down $0.54 during midday trading on Monday, hitting $51.91. 124,019 shares of the company’s stock were exchanged, compared to its average volume of 2,112,954. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.62. The firm has a market cap of $20.67 billion, a PE ratio of 30.90, a P/E/G ratio of 2.68 and a beta of 0.74. IHS Markit Ltd has a one year low of $42.55 and a one year high of $55.99.
IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.05 million. IHS Markit had a return on equity of 9.55% and a net margin of 14.57%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. On average, analysts forecast that IHS Markit Ltd will post 1.82 earnings per share for the current year.
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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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