IHS Markit (NASDAQ:INFO) issued its quarterly earnings results on Tuesday. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.10, Bloomberg Earnings reports. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The firm had revenue of $944.70 million for the quarter, compared to analyst estimates of $912.65 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. IHS Markit updated its FY18 guidance to $2.23-2.27 EPS.

Shares of IHS Markit (NASDAQ INFO) traded up $0.14 during trading on Wednesday, reaching $47.99. The company had a trading volume of 4,037,300 shares, compared to its average volume of 2,432,230. IHS Markit has a 1-year low of $37.03 and a 1-year high of $48.53. The company has a market capitalization of $19,087.04, a P/E ratio of 49.99, a P/E/G ratio of 2.28 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.53.

A number of institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its holdings in IHS Markit by 3.9% during the fourth quarter. Bank of Montreal Can now owns 139,919 shares of the business services provider’s stock worth $6,318,000 after buying an additional 5,316 shares in the last quarter. DnB Asset Management AS grew its holdings in IHS Markit by 10.1% during the fourth quarter. DnB Asset Management AS now owns 42,520 shares of the business services provider’s stock worth $1,920,000 after buying an additional 3,900 shares in the last quarter. Atlantic Trust Group LLC grew its holdings in IHS Markit by 458.4% during the third quarter. Atlantic Trust Group LLC now owns 1,141,009 shares of the business services provider’s stock worth $50,295,000 after buying an additional 936,666 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in IHS Markit by 114.2% during the third quarter. Public Employees Retirement System of Ohio now owns 570,122 shares of the business services provider’s stock worth $25,131,000 after buying an additional 303,900 shares in the last quarter. Finally, IFM Investors Pty Ltd bought a new position in IHS Markit in the 3rd quarter valued at $489,000. Institutional investors and hedge funds own 98.94% of the company’s stock.

INFO has been the subject of several recent research reports. Wells Fargo & Co decreased their price objective on IHS Markit from $52.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, September 27th. Bank of America decreased their price objective on IHS Markit from $52.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, September 27th. BMO Capital Markets restated an “outperform” rating and set a $50.00 price objective (down previously from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. Morgan Stanley decreased their price objective on IHS Markit from $41.00 to $40.00 and set an “underweight” rating for the company in a report on Wednesday, September 27th. Finally, Royal Bank of Canada decreased their price objective on IHS Markit from $50.00 to $49.00 and set an “outperform” rating for the company in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.50.

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About IHS Markit

IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.

Earnings History for IHS Markit (NASDAQ:INFO)

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