Natixis Purchases New Position in IHS Markit Ltd (INFO)

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Natixis bought a new position in shares of IHS Markit Ltd (NASDAQ:INFO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,971 shares of the business services provider’s stock, valued at approximately $979,000.

Several other hedge funds also recently made changes to their positions in INFO. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of IHS Markit by 5,788.6% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,061 shares of the business services provider’s stock worth $106,000 after buying an additional 2,026 shares during the last quarter. Fort L.P. bought a new stake in shares of IHS Markit during the second quarter worth approximately $122,000. Great West Life Assurance Co. Can bought a new stake in shares of IHS Markit during the second quarter worth approximately $173,000. Ostrum Asset Management bought a new stake in shares of IHS Markit during the first quarter worth approximately $186,000. Finally, Wetherby Asset Management Inc. bought a new stake in shares of IHS Markit during the second quarter worth approximately $208,000. Institutional investors own 97.03% of the company’s stock.

In other news, CFO Todd S. Hyatt sold 14,517 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 341,598 shares of the company’s stock, valued at $18,449,707.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.68% of the stock is owned by corporate insiders.

A number of research firms recently weighed in on INFO. BidaskClub raised shares of IHS Markit from a “hold” rating to a “buy” rating in a research note on Wednesday, September 5th. Morgan Stanley set a $49.00 target price on shares of IHS Markit and gave the company a “sell” rating in a research note on Thursday, September 13th. BMO Capital Markets upped their target price on shares of IHS Markit from $57.00 to $60.00 and gave the company an “outperform” rating in a research note 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 research note on Tuesday, September 25th. Finally, Stifel Nicolaus upped their target price on shares of IHS Markit from $54.00 to $57.00 and gave the company a “hold” rating in a research note on Wednesday, September 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. IHS Markit has a consensus rating of “Buy” and a consensus target price of $57.64.

Shares of INFO stock traded up $1.36 during trading hours on Friday, hitting $51.84. 2,281,070 shares of the company were exchanged, compared to its average volume of 1,888,649. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.62. IHS Markit Ltd has a 52 week low of $42.40 and a 52 week high of $55.99. The company has a market capitalization of $21.27 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 2.57 and a beta of 0.77.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. IHS Markit had a net margin of 14.57% and a return on equity of 9.55%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.05 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts expect that IHS Markit Ltd will post 1.83 EPS for the current year.

About IHS Markit

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.

See Also: Return on Investment (ROI) Defined, Explained

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

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