AXA increased its holdings in IHS Markit Ltd (NYSE:INFO) by 48.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,593 shares of the business services provider’s stock after buying an additional 21,951 shares during the period. AXA’s holdings in IHS Markit were worth $4,308,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Profund Advisors LLC increased its stake in IHS Markit by 15.3% during the second quarter. Profund Advisors LLC now owns 12,140 shares of the business services provider’s stock worth $774,000 after purchasing an additional 1,614 shares during the period. APG Asset Management N.V. raised its stake in IHS Markit by 3.9% during the 2nd quarter. APG Asset Management N.V. now owns 543,055 shares of the business services provider’s stock worth $30,386,000 after buying an additional 20,200 shares during the period. Parametric Portfolio Associates LLC raised its stake in IHS Markit by 6.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 671,423 shares of the business services provider’s stock worth $42,783,000 after buying an additional 38,078 shares during the period. MML Investors Services LLC grew its holdings in shares of IHS Markit by 24.4% in the 2nd quarter. MML Investors Services LLC now owns 13,102 shares of the business services provider’s stock valued at $835,000 after acquiring an additional 2,574 shares in the last quarter. Finally, Ossiam acquired a new stake in IHS Markit during the second quarter worth approximately $209,000. Institutional investors own 96.92% of the company’s stock.
Shares of INFO traded up $0.34 during midday trading on Friday, reaching $68.31. The stock had a trading volume of 1,355,991 shares, compared to its average volume of 2,581,552. The firm’s 50 day moving average price is $66.43 and its 200-day moving average price is $61.46. The company has a market capitalization of $27.13 billion, a P/E ratio of 34.50, a P/E/G ratio of 2.65 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. IHS Markit Ltd has a 52 week low of $44.52 and a 52 week high of $68.90.
IHS Markit (NYSE:INFO) last issued its quarterly earnings results on Tuesday, September 24th. The business services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.14. IHS Markit had a return on equity of 10.35% and a net margin of 8.74%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. IHS Markit’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that IHS Markit Ltd will post 2.13 earnings per share for the current year.
INFO has been the subject of several research analyst reports. Credit Suisse Group boosted their price objective on shares of IHS Markit from $68.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Bank of America set a $77.00 target price on shares of IHS Markit and gave the company a “buy” rating in a report on Tuesday, September 24th. Canaccord Genuity started coverage on shares of IHS Markit in a report on Thursday, September 12th. They set a “buy” rating and a $78.00 price objective on the stock. BidaskClub downgraded shares of IHS Markit from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.58.
In other news, CFO Todd S. Hyatt sold 25,483 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $63.56, for a total value of $1,619,699.48. Following the sale, the chief financial officer now directly owns 217,600 shares in the company, valued at approximately $13,830,656. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.68% 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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