California Public Employees Retirement System raised its stake in IHS Markit Ltd. (NASDAQ:INFO) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 853,484 shares of the business services provider’s stock after purchasing an additional 41,919 shares during the quarter. California Public Employees Retirement System owned 0.21% of IHS Markit worth $37,622,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Dupont Capital Management Corp acquired a new stake in shares of IHS Markit in the 2nd quarter valued at approximately $120,000. Zions Bancorporation acquired a new stake in shares of IHS Markit in the 3rd quarter valued at approximately $126,000. ETF Managers Group LLC acquired a new stake in shares of IHS Markit in the 2nd quarter valued at approximately $135,000. Huntington National Bank acquired a new stake in shares of IHS Markit in the 3rd quarter valued at approximately $173,000. Finally, Flinton Capital Management LLC acquired a new stake in shares of IHS Markit in the 2nd quarter valued at approximately $180,000. Institutional investors own 99.21% of the company’s stock.

In other news, CFO Todd S. Hyatt sold 20,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $44.20, for a total value of $884,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Several analysts have recently commented on the company. Wells Fargo & Company reduced their price target on IHS Markit from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, September 27th. Bank of America reduced their price target on IHS Markit from $52.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 price objective (down from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. Morgan Stanley reduced their price objective on IHS Markit from $41.00 to $40.00 and set an “underweight” rating for the company in a report on Wednesday, September 27th. Finally, Royal Bank of Canada reduced their price objective on IHS Markit from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $47.64.

IHS Markit Ltd. (NASDAQ INFO) opened at $45.53 on Friday. The stock has a market capitalization of $17,902.33, a price-to-earnings ratio of 27.70, a P/E/G ratio of 2.14 and a beta of 0.83. IHS Markit Ltd. has a 1-year low of $34.20 and a 1-year high of $48.53. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. The firm had revenue of $904.70 million during the quarter, compared to analysts’ expectations of $890.99 million. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. IHS Markit’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. analysts predict that IHS Markit Ltd. will post 1.57 EPS for the current year.

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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.

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

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