US Bancorp DE cut its stake in IHS Markit Ltd (NASDAQ:INFO) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,089 shares of the business services provider’s stock after selling 2,711 shares during the quarter. US Bancorp DE’s holdings in IHS Markit were worth $2,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Edgewood Management LLC raised its stake in shares of IHS Markit by 2.4% in the second quarter. Edgewood Management LLC now owns 18,493,151 shares of the business services provider’s stock valued at $954,062,000 after acquiring an additional 439,429 shares during the last quarter. FMR LLC raised its stake in shares of IHS Markit by 10.0% in the second quarter. FMR LLC now owns 16,933,612 shares of the business services provider’s stock valued at $873,605,000 after acquiring an additional 1,539,362 shares during the last quarter. American Century Companies Inc. raised its stake in shares of IHS Markit by 4.6% in the second quarter. American Century Companies Inc. now owns 7,165,244 shares of the business services provider’s stock valued at $369,655,000 after acquiring an additional 315,286 shares during the last quarter. Sei Investments Co. increased its holdings in shares of IHS Markit by 4.9% in the second quarter. Sei Investments Co. now owns 4,696,661 shares of the business services provider’s stock valued at $242,300,000 after purchasing an additional 218,299 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of IHS Markit by 2.9% in the second quarter. Northern Trust Corp now owns 4,094,784 shares of the business services provider’s stock valued at $211,250,000 after purchasing an additional 115,235 shares in the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:INFO traded down $0.90 on Friday, hitting $50.89. 2,408,347 shares of the company’s stock were exchanged, compared to its average volume of 2,097,409. The stock has a market capitalization of $20.41 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.74. IHS Markit Ltd has a 52 week low of $43.07 and a 52 week high of $55.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.43 and a quick ratio of 0.43.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $991.05 million. IHS Markit had a net margin of 14.57% and a return on equity of 9.55%. IHS Markit’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. On average, analysts anticipate that IHS Markit Ltd will post 1.82 earnings per share for the current fiscal year.

In related news, CFO Todd S. Hyatt sold 14,517 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $54.01, for a total value of $784,063.17. Following the transaction, the chief financial officer now owns 341,598 shares in the company, valued at approximately $18,449,707.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.68% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on INFO. BidaskClub raised shares of IHS Markit from a “hold” rating to a “buy” rating in a report on Wednesday, September 5th. Morgan Stanley set a $49.00 price target on shares of IHS Markit and gave the company a “sell” rating in a report on Thursday, September 13th. BMO Capital Markets lifted their target price on shares of IHS Markit from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Tuesday, September 25th. Finally, Wells Fargo & Co lifted their target price on shares of IHS Markit from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $58.47.

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IHS Markit 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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Institutional Ownership by Quarter for IHS Markit (NASDAQ:INFO)

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