IHS Markit Ltd (NASDAQ:INFO)’s share price hit a new 52-week high on Tuesday . The company traded as high as $56.55 and last traded at $56.33, with a volume of 69689 shares. The stock had previously closed at $55.66.

A number of brokerages have weighed in on INFO. Zacks Investment Research downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Piper Jaffray Companies boosted their target price on shares of IHS Markit from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Morgan Stanley boosted their target price on shares of IHS Markit from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. BidaskClub raised shares of IHS Markit from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $51.00 target price on shares of IHS Markit in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $58.86.

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $21.99 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 2.43 and a beta of 0.82.

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

In related news, CFO Todd S. Hyatt sold 7,942 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $52.03, for a total transaction of $413,222.26. Following the completion of the sale, the chief financial officer now directly owns 283,083 shares of the company’s stock, valued at $14,728,808.49. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jonathan Gear sold 46,460 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total transaction of $2,417,313.80. Following the sale, the executive vice president now directly owns 183,738 shares of the company’s stock, valued at $9,559,888.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,450 shares of company stock valued at $4,297,355. 2.68% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Financial Gravity Companies Inc. bought a new stake in IHS Markit in the fourth quarter valued at approximately $27,000. Sontag Advisory LLC bought a new stake in IHS Markit in the fourth quarter valued at approximately $29,000. CWM LLC increased its stake in IHS Markit by 48.3% in the first quarter. CWM LLC now owns 688 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 224 shares in the last quarter. YorkBridge Wealth Partners LLC bought a new stake in IHS Markit in the fourth quarter valued at approximately $37,000. Finally, Lindbrook Capital LLC increased its stake in IHS Markit by 87.3% in the first quarter. Lindbrook Capital LLC now owns 796 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 371 shares in the last quarter. 97.49% of the stock is owned by hedge funds and other institutional investors.

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About IHS Markit (NASDAQ:INFO)

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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