BidaskClub lowered shares of IHS Markit (NASDAQ:INFO) from a strong-buy rating to a buy rating in a report released on Friday morning, BidAskClub reports.

Several other brokerages have also recently issued reports on INFO. Zacks Investment Research upgraded IHS Markit from a hold rating to a buy rating and set a $62.00 price objective for the company in a research note on Wednesday, March 20th. Piper Jaffray Companies raised their price objective on IHS Markit from $61.00 to $64.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. UBS Group raised their price objective on IHS Markit from $53.00 to $56.00 and gave the stock a neutral rating in a research note on Tuesday, March 12th. Finally, Morgan Stanley raised their price objective on IHS Markit from $45.00 to $46.00 and gave the stock an underweight rating in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. IHS Markit currently has an average rating of Buy and a consensus target price of $58.77.

Shares of NASDAQ:INFO opened at $59.32 on Friday. IHS Markit has a 52-week low of $44.52 and a 52-week high of $61.05. The stock has a market capitalization of $23.69 billion, a PE ratio of 29.96, a PEG ratio of 2.62 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.64 and a quick ratio of 0.64.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.15. IHS Markit had a return on equity of 9.80% and a net margin of 9.96%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities analysts predict that IHS Markit will post 2.12 earnings per share for the current fiscal year.

In related news, CEO Lance Darrell Gordon Uggla sold 30,000 shares of IHS Markit stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $54.50, for a total transaction of $1,635,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Todd S. Hyatt sold 40,000 shares of IHS Markit stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $56.24, for a total value of $2,249,600.00. Following the transaction, the chief financial officer now owns 243,083 shares of the company’s stock, valued at $13,670,987.92. The disclosure for this sale can be found here. 2.68% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in INFO. Lunia Capital LP raised its position in IHS Markit by 5,785.0% during the fourth quarter. Lunia Capital LP now owns 12,980,059 shares of the business services provider’s stock valued at $12,980,000 after acquiring an additional 12,759,498 shares in the last quarter. Canada Pension Plan Investment Board raised its position in IHS Markit by 21.7% during the fourth quarter. Canada Pension Plan Investment Board now owns 22,031,949 shares of the business services provider’s stock valued at $1,056,784,000 after acquiring an additional 3,927,202 shares in the last quarter. Norges Bank purchased a new position in IHS Markit during the fourth quarter valued at approximately $164,394,000. Oregon Public Employees Retirement Fund grew its holdings in IHS Markit by 4,638.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,860,373 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 1,821,111 shares during the period. Finally, Bank of America Corp DE grew its holdings in IHS Markit by 60.2% in the fourth quarter. Bank of America Corp DE now owns 4,814,676 shares of the business services provider’s stock valued at $230,961,000 after purchasing an additional 1,808,786 shares during the period. Institutional investors own 96.19% of the company’s stock.

IHS Markit Company Profile

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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