Daiwa Securities Group Inc. Has $6.44 Million Position in IHS Markit Ltd. (INFO)
Daiwa Securities Group Inc. lifted its stake in shares of IHS Markit Ltd. (NASDAQ:INFO) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 146,108 shares of the business services provider’s stock after purchasing an additional 2,501 shares during the quarter. Daiwa Securities Group Inc.’s holdings in IHS Markit were worth $6,440,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in INFO. Prudential Financial Inc. bought a new stake in shares of IHS Markit during the 1st quarter valued at $247,000. Alliancebernstein L.P. raised its stake in shares of IHS Markit by 39.0% during the 1st quarter. Alliancebernstein L.P. now owns 39,432 shares of the business services provider’s stock valued at $1,654,000 after purchasing an additional 11,066 shares during the period. KCG Holdings Inc. raised its stake in shares of IHS Markit by 105.8% during the 1st quarter. KCG Holdings Inc. now owns 11,854 shares of the business services provider’s stock valued at $497,000 after purchasing an additional 6,093 shares during the period. Tudor Investment Corp ET AL raised its stake in shares of IHS Markit by 35.2% during the 1st quarter. Tudor Investment Corp ET AL now owns 9,809 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 2,552 shares during the period. Finally, DnB Asset Management AS raised its stake in shares of IHS Markit by 9.5% during the 2nd quarter. DnB Asset Management AS now owns 35,820 shares of the business services provider’s stock valued at $1,578,000 after purchasing an additional 3,100 shares during the period. Institutional investors own 94.48% of the company’s stock.
Several equities analysts recently commented on the company. Goldman Sachs Group, Inc. (The) assumed coverage on IHS Markit in a research report on Wednesday. They set a “buy” rating and a $55.00 target price for the company. Cantor Fitzgerald restated a “hold” rating and set a $45.00 target price on shares of IHS Markit in a research report on Tuesday, September 26th. Morgan Stanley restated an “underweight” rating and set a $41.00 target price (up from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. Wells Fargo & Company reduced their target price on IHS Markit from $52.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, September 27th. Finally, Zacks Investment Research cut IHS Markit from a “hold” rating to a “sell” rating in a research report on Friday, September 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $47.67.
In other news, CFO Todd S. Hyatt sold 20,000 shares of the company’s stock in a transaction dated 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 this hyperlink.
IHS Markit Ltd. (NASDAQ:INFO) opened at $43.93 on Thursday. IHS Markit Ltd. has a fifty-two week low of $34.13 and a fifty-two week high of $48.53. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $17,323.94, a PE ratio of 26.81, a PEG ratio of 2.32 and a beta of 0.82.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The firm had revenue of $904.70 million during the quarter, compared to analysts’ expectations of $890.99 million. During the same period in the prior year, the business earned $0.45 EPS. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. research analysts anticipate that IHS Markit Ltd. will post 1.56 earnings per share for the current fiscal year.
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IHS Markit 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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