Cramer Rosenthal Mcglynn LLC Has $43.23 Million Holdings in IHS Markit Ltd. (INFO)
Cramer Rosenthal Mcglynn LLC trimmed its position in shares of IHS Markit Ltd. (NASDAQ:INFO) by 20.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 980,665 shares of the business services provider’s stock after selling 259,280 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.25% of IHS Markit worth $43,228,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Dupont Capital Management Corp bought a new position in shares of IHS Markit in the second quarter worth about $120,000. ETF Managers Group LLC bought a new position in shares of IHS Markit in the second quarter worth about $135,000. Huntington National Bank bought a new position in shares of IHS Markit in the third quarter worth about $173,000. Flinton Capital Management LLC bought a new position in shares of IHS Markit in the second quarter worth about $180,000. Finally, Riverhead Capital Management LLC bought a new position in shares of IHS Markit in the second quarter worth about $198,000. 99.21% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on INFO shares. Goldman Sachs Group started coverage on shares of IHS Markit in a report on Wednesday, November 8th. They issued a “buy” rating and a $55.00 target price for the company. Bank of America dropped their target price on shares of IHS Markit from $52.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. SunTrust Banks raised shares of IHS Markit from a “hold” rating to a “buy” rating in a report on Tuesday, November 28th. Cantor Fitzgerald reiterated a “hold” rating and issued a $45.00 price objective on shares of IHS Markit in a report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded shares of IHS Markit from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. IHS Markit currently has an average rating of “Hold” and an average price target of $47.46.
In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 accessible through this hyperlink.
IHS Markit Ltd. (INFO) opened at $44.44 on Tuesday. 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 Ltd. has a fifty-two week low of $34.20 and a fifty-two week high of $48.53. The stock has a market cap of $17,834.52, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 2.13 and a beta of 0.83.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings results 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. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The firm had revenue of $904.70 million during the quarter, compared to analyst estimates of $890.99 million. During the same quarter last year, the business earned $0.45 EPS. The company’s revenue was up 24.9% compared to the same quarter last year. sell-side analysts forecast that IHS Markit Ltd. will post 1.57 earnings per share for the current year.
About IHS Markit
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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