IHS Markit Ltd. (INFO) Position Raised by New York State Common Retirement Fund
New York State Common Retirement Fund increased its position in shares of IHS Markit Ltd. (NASDAQ:INFO) by 93.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,724,974 shares of the business services provider’s stock after purchasing an additional 833,475 shares during the period. New York State Common Retirement Fund owned 0.43% of IHS Markit worth $75,968,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in IHS Markit by 1.6% during the first quarter. Vanguard Group Inc. now owns 26,734,655 shares of the business services provider’s stock worth $1,121,519,000 after purchasing an additional 408,185 shares in the last quarter. BlackRock Inc. raised its holdings in IHS Markit by 104.2% during the second quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock worth $914,415,000 after purchasing an additional 10,593,627 shares in the last quarter. Edgewood Management LLC raised its holdings in IHS Markit by 2.6% during the first quarter. Edgewood Management LLC now owns 16,283,098 shares of the business services provider’s stock worth $683,076,000 after purchasing an additional 405,039 shares in the last quarter. FMR LLC raised its holdings in IHS Markit by 58.4% during the first quarter. FMR LLC now owns 14,521,091 shares of the business services provider’s stock worth $609,160,000 after purchasing an additional 5,352,565 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in IHS Markit by 26.1% during the second quarter. Principal Financial Group Inc. now owns 7,454,101 shares of the business services provider’s stock worth $328,279,000 after purchasing an additional 1,542,180 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.
IHS Markit Ltd. (INFO) traded up 0.32% on Wednesday, hitting $47.60. The company’s stock had a trading volume of 64,617 shares. The company has a 50 day moving average price of $46.67 and a 200-day moving average price of $44.61. The company has a market capitalization of $19.03 billion, a P/E ratio of 87.99 and a beta of 0.88. IHS Markit Ltd. has a 1-year low of $34.13 and a 1-year high of $48.49.
IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, June 27th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. IHS Markit had a net margin of 6.66% and a return on equity of 7.33%. The firm had revenue of $906.10 million for the quarter, compared to analysts’ expectations of $897.80 million. The firm’s revenue was up 54.1% on a year-over-year basis. On average, equities analysts forecast that IHS Markit Ltd. will post $2.06 earnings per share for the current fiscal year.
In other IHS Markit news, President Lance Darrell Gordon Uggla sold 845,640 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.00, for a total value of $39,745,080.00. Following the sale, the president now directly owns 1,177,904 shares in the company, valued at $55,361,488. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $1,333,077.72. Following the completion of the sale, the executive vice president now 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 quarter, insiders sold 1,031,463 shares of company stock worth $48,308,385.
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Several equities research analysts recently commented on INFO shares. 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 report on Friday, June 16th. Zacks Investment Research raised IHS Markit from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. UBS AG reissued a “neutral” rating and set a $47.00 target price (up previously from $43.00) on shares of IHS Markit in a report on Friday, June 30th. BMO Capital Markets upped their price target on IHS Markit from $49.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $50.00 price target (up previously from $48.00) on shares of IHS Markit in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. IHS Markit presently has an average rating of “Hold” and an average price target of $46.00.
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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