IHS Markit Ltd. (NYSE:INFO) Short Interest Update


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IHS Markit Ltd. (NYSE:INFO) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 2,110,000 shares, a decline of 55.1% from the December 15th total of 4,700,000 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 2,740,000 shares, the short-interest ratio is presently 0.8 days.

INFO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of IHS Markit from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, September 30th. Truist lowered shares of IHS Markit from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research report on Tuesday, December 1st. Royal Bank of Canada lowered shares of IHS Markit from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $90.00 to $100.00 in a research report on Tuesday, December 1st. William Blair restated an “outperform” rating on shares of IHS Markit in a research report on Wednesday, September 30th. Finally, BidaskClub lowered shares of IHS Markit from a “buy” rating to a “hold” rating in a research report on Friday, December 18th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $83.44.

IHS Markit stock traded down $1.33 during mid-day trading on Wednesday, hitting $85.45. The company’s stock had a trading volume of 4,846,159 shares, compared to its average volume of 3,558,232. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $34.04 billion, a price-to-earnings ratio of 37.31 and a beta of 1.08. The business has a 50 day moving average price of $89.83 and a 200-day moving average price of $83.37. IHS Markit has a 12 month low of $44.81 and a 12 month high of $101.45.

IHS Markit (NYSE:INFO) last posted its quarterly earnings results on Wednesday, January 13th. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. IHS Markit had a net margin of 21.45% and a return on equity of 11.07%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, equities research analysts expect that IHS Markit will post 2.23 earnings per share for the current fiscal year.

In related news, EVP Edouard Tavernier sold 889 shares of IHS Markit stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $84.42, for a total value of $75,049.38. Following the completion of the transaction, the executive vice president now directly owns 27,759 shares in the company, valued at approximately $2,343,414.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of INFO. Nachman Norwood & Parrott Inc purchased a new position in shares of IHS Markit in the third quarter valued at about $35,000. Pinnacle Bank increased its position in shares of IHS Markit by 48.8% during the fourth quarter. Pinnacle Bank now owns 442 shares of the business services provider’s stock valued at $40,000 after buying an additional 145 shares during the period. Carroll Financial Associates Inc. increased its position in shares of IHS Markit by 405.5% during the third quarter. Carroll Financial Associates Inc. now owns 556 shares of the business services provider’s stock valued at $43,000 after buying an additional 446 shares during the period. CX Institutional increased its position in shares of IHS Markit by 34.3% during the fourth quarter. CX Institutional now owns 532 shares of the business services provider’s stock valued at $48,000 after buying an additional 136 shares during the period. Finally, Berman Capital Advisors LLC increased its position in shares of IHS Markit by 43.1% during the third quarter. Berman Capital Advisors LLC now owns 720 shares of the business services provider’s stock valued at $55,000 after buying an additional 217 shares during the period. 83.74% of the stock is owned by institutional investors and hedge funds.

About IHS Markit

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government. Its Financial Services segment offers pricing and reference data, indices, valuation and trading services, trade processing, enterprise software, and managed services to traders, portfolio managers, risk managers, research professionals, and other financial market participants, as well as operations, compliance, and enterprise data managers.

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