JPMorgan Chase & Co. boosted its holdings in IHS Markit Ltd. (NASDAQ:INFO) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,651,320 shares of the business services provider’s stock after buying an additional 442,469 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.91% of IHS Markit worth $160,804,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Personal Financial Services raised its holdings in IHS Markit by 0.4% in the 2nd quarter. First Personal Financial Services now owns 64,127 shares of the business services provider’s stock valued at $2,824,000 after buying an additional 239 shares during the last quarter. CIBC Asset Management Inc raised its holdings in IHS Markit by 0.5% in the 2nd quarter. CIBC Asset Management Inc now owns 65,520 shares of the business services provider’s stock valued at $2,886,000 after buying an additional 338 shares during the last quarter. World Asset Management Inc raised its holdings in IHS Markit by 5.0% in the 1st quarter. World Asset Management Inc now owns 8,011 shares of the business services provider’s stock valued at $336,000 after buying an additional 385 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in IHS Markit by 20.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 4,175 shares of the business services provider’s stock valued at $175,000 after buying an additional 695 shares during the last quarter. Finally, US Bancorp DE raised its holdings in IHS Markit by 1.2% in the 2nd quarter. US Bancorp DE now owns 62,043 shares of the business services provider’s stock valued at $2,732,000 after buying an additional 718 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

A number of research analysts recently issued reports on INFO shares. Deutsche Bank AG reiterated a “buy” rating and issued a $52.00 price objective (up previously from $50.00) on shares of IHS Markit in a report on Friday, June 16th. Zacks Investment Research lowered shares of IHS Markit from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $50.00 price objective (up previously from $48.00) on shares of IHS Markit in a report on Wednesday, June 28th. UBS AG reiterated a “neutral” rating and issued a $47.00 price objective (up previously from $43.00) on shares of IHS Markit in a report on Friday, June 30th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $41.00 price objective (up previously from $40.00) on shares of IHS Markit in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $45.55.

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Shares of IHS Markit Ltd. (NASDAQ INFO) opened at 47.35 on Thursday. IHS Markit Ltd. has a 52-week low of $34.13 and a 52-week high of $47.92. The firm’s 50-day moving average is $46.24 and its 200-day moving average is $44.14. The firm has a market cap of $18.93 billion, a P/E ratio of 87.52 and a beta of 0.88.

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

In other news, Vice Chairman Daniel Yergin sold 43,657 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $44.17, for a total value of $1,928,329.69. Following the sale, the insider now directly owns 364,703 shares of the company’s stock, valued at $16,108,931.51. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jonathan Gear sold 30,004 shares of the stock in a transaction on 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 directly owns 328,874 shares in the company, valued at $14,611,871.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,031,463 shares of company stock worth $48,308,385.

IHS Markit Profile

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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