BidaskClub cut shares of IHS Markit (NASDAQ:INFO) from a buy rating to a hold rating in a research report report published on Friday.

INFO has been the topic of a number of other reports. Zacks Investment Research downgraded shares of IHS Markit from a buy rating to a hold rating in a research note on Thursday, June 28th. Macquarie raised shares of IHS Markit from a neutral rating to an outperform rating in a research note on Friday, June 1st. SunTrust Banks reaffirmed a buy rating and issued a $61.00 target price on shares of IHS Markit in a research note on Wednesday, June 27th. Morgan Stanley raised their target price on shares of IHS Markit from $44.00 to $47.00 and gave the company an underweight rating in a research note on Wednesday, June 27th. Finally, Robert W. Baird raised their target price on shares of IHS Markit from $58.00 to $59.00 and gave the company an outperform rating in a research note on Wednesday, June 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $55.38.

Shares of INFO opened at $53.67 on Friday. The company has a market capitalization of $21.07 billion, a P/E ratio of 31.95, a P/E/G ratio of 2.46 and a beta of 0.76. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.56. IHS Markit has a 1-year low of $42.40 and a 1-year high of $54.41.

IHS Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, June 26th. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $974.12 million. IHS Markit had a net margin of 16.03% and a return on equity of 9.68%. IHS Markit’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. analysts anticipate that IHS Markit will post 1.85 EPS for the current fiscal year.

In other IHS Markit news, Director William E. Ford sold 2,000,000 shares of the stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $52.05, for a total transaction of $104,100,000.00. Following the transaction, the director now directly owns 15,907 shares in the company, valued at $827,959.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sari Beth Granat sold 25,000 shares of the stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $51.99, for a total transaction of $1,299,750.00. Following the transaction, the executive vice president now owns 30,580 shares in the company, valued at $1,589,854.20. The disclosure for this sale can be found here. Insiders have sold 2,050,000 shares of company stock worth $106,724,750 over the last quarter. Company insiders own 2.68% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Unigestion Holding SA bought a new position in IHS Markit during the second quarter valued at approximately $47,358,000. Russell Investments Group Ltd. grew its holdings in shares of IHS Markit by 0.5% in the first quarter. Russell Investments Group Ltd. now owns 1,725,746 shares of the business services provider’s stock worth $83,141,000 after purchasing an additional 9,043 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of IHS Markit by 11.3% in the first quarter. Blair William & Co. IL now owns 184,249 shares of the business services provider’s stock worth $8,888,000 after purchasing an additional 18,673 shares during the last quarter. Global Financial Private Capital LLC bought a new position in shares of IHS Markit in the second quarter worth approximately $1,086,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of IHS Markit by 11.0% in the second quarter. State of Alaska Department of Revenue now owns 71,101 shares of the business services provider’s stock worth $3,667,000 after purchasing an additional 7,040 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

About IHS Markit

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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Analyst Recommendations for IHS Markit (NASDAQ:INFO)

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