IHS Markit Ltd. (INFO) Shares Bought by Neuberger Berman Group LLC
Neuberger Berman Group LLC grew its stake in IHS Markit Ltd. (NASDAQ:INFO) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,788,033 shares of the business services provider’s stock after purchasing an additional 275,288 shares during the period. Neuberger Berman Group LLC owned about 1.70% of IHS Markit worth $299,216,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of INFO. Dupont Capital Management Corp acquired a new stake in IHS Markit during the 2nd quarter worth approximately $120,000. Zions Bancorporation acquired a new stake in IHS Markit during the 3rd quarter worth approximately $126,000. ETF Managers Group LLC acquired a new stake in IHS Markit during the 2nd quarter worth approximately $135,000. Huntington National Bank acquired a new stake in IHS Markit during the 3rd quarter worth approximately $173,000. Finally, Flinton Capital Management LLC acquired a new stake in IHS Markit during the 2nd quarter worth approximately $180,000. Institutional investors own 99.21% of the company’s stock.
Several equities research analysts recently commented on INFO shares. Zacks Investment Research upgraded shares of IHS Markit from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Cantor Fitzgerald reiterated a “hold” rating and set a $45.00 target price on shares of IHS Markit in a research report on Tuesday, September 26th. Royal Bank of Canada cut their target price on shares of IHS Markit from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 27th. Morgan Stanley cut their target price on shares of IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 27th. Finally, BMO Capital Markets restated an “outperform” rating and set a $50.00 price target (down previously from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. IHS Markit has a consensus rating of “Buy” and an average target price of $47.64.
IHS Markit Ltd. (INFO) opened at $45.13 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 $18,185.55, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.17 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.
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.
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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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