Huntington National Bank Has $165,000 Stock Holdings in IHS Markit Ltd (NYSE:INFO)

Huntington National Bank raised its holdings in shares of IHS Markit Ltd (NYSE:INFO) by 19.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,464 shares of the business services provider’s stock after purchasing an additional 398 shares during the quarter. Huntington National Bank’s holdings in IHS Markit were worth $165,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in INFO. DNB Asset Management AS lifted its holdings in shares of IHS Markit by 1.7% during the second quarter. DNB Asset Management AS now owns 62,621 shares of the business services provider’s stock worth $3,990,000 after buying an additional 1,047 shares in the last quarter. Zions Bancorporation N.A. lifted its holdings in shares of IHS Markit by 56.6% during the second quarter. Zions Bancorporation N.A. now owns 3,870 shares of the business services provider’s stock worth $247,000 after buying an additional 1,399 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of IHS Markit during the second quarter worth $262,000. Xact Kapitalforvaltning AB lifted its holdings in shares of IHS Markit by 5.2% during the second quarter. Xact Kapitalforvaltning AB now owns 74,445 shares of the business services provider’s stock worth $4,744,000 after buying an additional 3,707 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. lifted its holdings in shares of IHS Markit by 31.4% during the second quarter. NN Investment Partners Holdings N.V. now owns 162,651 shares of the business services provider’s stock worth $10,363,000 after buying an additional 38,864 shares in the last quarter. 97.39% of the stock is owned by institutional investors and hedge funds.

IHS Markit stock traded down $0.06 during midday trading on Friday, reaching $69.64. The company’s stock had a trading volume of 772,089 shares, compared to its average volume of 1,841,013. IHS Markit Ltd has a 52 week low of $44.52 and a 52 week high of $71.05. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $68.34 and a 200-day moving average price of $63.53. The stock has a market cap of $27.46 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 2.69 and a beta of 0.78.

IHS Markit (NYSE:INFO) last released its earnings results on Tuesday, September 24th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.14. IHS Markit had a return on equity of 10.35% and a net margin of 8.74%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business posted $0.58 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts predict that IHS Markit Ltd will post 2.13 EPS for the current fiscal year.

A number of research firms recently commented on INFO. Canaccord Genuity began coverage on IHS Markit in a research note on Thursday, September 12th. They issued a “buy” rating and a $78.00 price target for the company. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Monday, August 26th. Credit Suisse Group boosted their price target on IHS Markit from $68.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Bank of America set a $77.00 price target on IHS Markit and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, ValuEngine downgraded IHS Markit from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $69.58.

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.

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

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