IHS Markit (NYSE:INFO) Sets New 1-Year High at $73.28

IHS Markit Ltd (NYSE:INFO) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $73.28 and last traded at $72.96, with a volume of 14773 shares. The stock had previously closed at $72.31.

Several analysts recently issued reports on the stock. Barclays set a $75.00 target price on shares of IHS Markit and gave the company a “buy” rating in a research report on Tuesday, September 24th. BidaskClub downgraded shares of IHS Markit from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Bank of America set a $77.00 price target on shares of IHS Markit and gave the stock a “buy” rating in a research report on Tuesday, September 24th. SunTrust Banks lifted their price target on shares of IHS Markit to $80.00 and gave the stock an “average” rating in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group assumed coverage on shares of IHS Markit in a research report on Wednesday, November 27th. They set a “hold” rating and a $76.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $72.15.

The stock has a 50 day moving average of $70.75 and a 200-day moving average of $65.53. The company has a market capitalization of $29.13 billion, a P/E ratio of 36.72, a P/E/G ratio of 2.84 and a beta of 0.79. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61.

IHS Markit (NYSE:INFO) last released its earnings results on Tuesday, September 24th. The business services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.14. IHS Markit had a net margin of 8.74% and a return on equity of 10.35%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the business earned $0.58 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts expect that IHS Markit Ltd will post 2.13 EPS for the current fiscal year.

In related news, CEO Lance Darrell Gordon Uggla sold 153,808 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.37, for a total value of $10,977,276.96. Following the completion of the transaction, the chief executive officer now owns 424,158 shares of the company’s stock, valued at approximately $30,272,156.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.11% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Redhawk Wealth Advisors Inc. bought a new position in shares of IHS Markit in the second quarter worth about $25,000. Strategic Blueprint LLC purchased a new position in IHS Markit in the 3rd quarter worth approximately $32,000. Meeder Asset Management Inc. purchased a new position in IHS Markit in the 2nd quarter worth approximately $44,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in IHS Markit in the 2nd quarter worth approximately $75,000. Finally, Quest Capital Management Inc. ADV bought a new position in IHS Markit in the 3rd quarter worth approximately $79,000. Institutional investors and hedge funds own 96.47% of the company’s stock.

About IHS Markit (NYSE: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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