IHS Markit Ltd (INFO) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its stake in IHS Markit Ltd (NASDAQ:INFO) by 44.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,377,882 shares of the business services provider’s stock after purchasing an additional 422,394 shares during the period. Massachusetts Financial Services Co. MA owned 0.35% of IHS Markit worth $74,350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INFO. Swiss National Bank boosted its holdings in shares of IHS Markit by 3.1% in the 2nd quarter. Swiss National Bank now owns 1,319,657 shares of the business services provider’s stock valued at $68,081,000 after buying an additional 39,800 shares during the period. Federated Investors Inc. PA boosted its holdings in shares of IHS Markit by 3,780.2% in the 2nd quarter. Federated Investors Inc. PA now owns 369,046 shares of the business services provider’s stock valued at $19,039,000 after buying an additional 359,535 shares during the period. Bank of America Corp DE boosted its holdings in shares of IHS Markit by 57.2% in the 2nd quarter. Bank of America Corp DE now owns 2,788,798 shares of the business services provider’s stock valued at $143,874,000 after buying an additional 1,015,032 shares during the period. Chartwell Investment Partners LLC boosted its holdings in shares of IHS Markit by 65.6% in the 2nd quarter. Chartwell Investment Partners LLC now owns 54,155 shares of the business services provider’s stock valued at $2,794,000 after buying an additional 21,455 shares during the period. Finally, Korea Investment CORP boosted its holdings in shares of IHS Markit by 966.2% in the 2nd quarter. Korea Investment CORP now owns 50,430 shares of the business services provider’s stock valued at $2,602,000 after buying an additional 45,700 shares during the period. 96.31% of the stock is owned by institutional investors.

IHS Markit stock opened at $52.53 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.62. The stock has a market cap of $20.00 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.57 and a beta of 0.77. IHS Markit Ltd has a 52-week low of $42.40 and a 52-week high of $55.99.



IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, September 25th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $1 billion during 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 was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. Equities analysts forecast that IHS Markit Ltd will post 1.82 EPS for the current fiscal year.

Several research analysts have recently commented on INFO shares. SunTrust Banks lifted their price target on shares of IHS Markit to $66.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. They noted that the move was a valuation call. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, September 25th. BidaskClub raised shares of IHS Markit from a “hold” rating to a “buy” rating in a report on Wednesday, September 5th. Bank of America started coverage on shares of IHS Markit in a report on Tuesday, October 23rd. They issued a “buy” rating and a $63.00 price target for the company. Finally, Stifel Nicolaus lifted their price target on shares of IHS Markit from $54.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $57.80.

In other IHS Markit news, CFO Todd S. Hyatt sold 14,517 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $54.01, for a total transaction of $784,063.17. Following the completion of the transaction, the chief financial officer now directly owns 341,598 shares of the company’s stock, valued at approximately $18,449,707.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.68% of the company’s stock.

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.

Read More: Yield Curve

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

Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply