IHS Markit Ltd. (INFO) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. lifted its holdings in shares of IHS Markit Ltd. (NASDAQ:INFO) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,103 shares of the business services provider’s stock after purchasing an additional 191 shares during the quarter. Financial Counselors Inc.’s holdings in IHS Markit were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INFO. APG Asset Management N.V. purchased a new position in shares of IHS Markit during the 1st quarter worth $579,000. State Board of Administration of Florida Retirement System grew its holdings in shares of IHS Markit by 10.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 31,460 shares of the business services provider’s stock worth $1,320,000 after purchasing an additional 3,000 shares during the period. First Trust Advisors LP grew its holdings in shares of IHS Markit by 10.6% during the 1st quarter. First Trust Advisors LP now owns 276,430 shares of the business services provider’s stock worth $11,596,000 after purchasing an additional 26,492 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of IHS Markit by 161.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 40,639 shares of the business services provider’s stock worth $1,705,000 after purchasing an additional 25,084 shares during the period. Finally, Comerica Bank grew its holdings in shares of IHS Markit by 15.4% during the 1st quarter. Comerica Bank now owns 92,815 shares of the business services provider’s stock worth $4,057,000 after purchasing an additional 12,400 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

INFO has been the topic of several research reports. Morgan Stanley reissued an “underweight” rating and set a $41.00 target price (up previously from $40.00) on shares of IHS Markit in a research note on Tuesday, July 18th. Deutsche Bank AG reissued a “buy” rating and set a $52.00 target price (up previously from $50.00) on shares of IHS Markit in a research note on Friday, June 16th. Zacks Investment Research raised IHS Markit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. BMO Capital Markets increased their target price on IHS Markit from $49.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $50.00 target price (up previously from $48.00) on shares of IHS Markit in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $45.55.

Shares of IHS Markit Ltd. (NASDAQ INFO) opened at 47.15 on Friday. The firm has a market cap of $18.85 billion, a price-to-earnings ratio of 87.15 and a beta of 0.88. IHS Markit Ltd. has a 52-week low of $34.13 and a 52-week high of $48.49. The firm has a 50-day moving average price of $46.58 and a 200-day moving average price of $44.40.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, June 27th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.52. IHS Markit had a return on equity of 7.33% and a net margin of 6.66%. The firm had revenue of $906.10 million during the quarter, compared to the consensus estimate of $897.80 million. The business’s revenue for the quarter was up 54.1% on a year-over-year basis. Analysts predict that IHS Markit Ltd. will post $2.06 EPS for the current fiscal year.

In other news, EVP Jonathan Gear sold 30,004 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $44.43, for a total value of $1,333,077.72. Following the completion of the sale, the executive vice president now owns 328,874 shares of the company’s stock, valued at $14,611,871.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Lance Darrell Gordon Uggla sold 112,162 shares of the company’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $47.27, for a total value of $5,301,897.74. Following the completion of the sale, the president now directly owns 461,344 shares of the company’s stock, valued at approximately $21,807,730.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,031,463 shares of company stock valued at $48,308,385.

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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.

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

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