ETF Managers Group LLC purchased a new stake in shares of IHS Markit Ltd. (NASDAQ:INFO) in the second quarter, according to its most recent filing with the SEC. The firm purchased 3,071 shares of the business services provider’s stock, valued at approximately $135,000.

Several other hedge funds also recently bought and sold shares of the company. Dupont Capital Management Corp acquired a new position in shares of IHS Markit during the 2nd quarter worth approximately $120,000. Mutual of America Capital Management LLC raised its position in shares of IHS Markit by 20.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,175 shares of the business services provider’s stock worth $175,000 after purchasing an additional 695 shares during the last quarter. Global X Management Co. LLC raised its position in shares of IHS Markit by 60.3% during the 1st quarter. Global X Management Co. LLC now owns 4,265 shares of the business services provider’s stock worth $179,000 after purchasing an additional 1,605 shares during the last quarter. Flinton Capital Management LLC acquired a new position in shares of IHS Markit during the 2nd quarter worth approximately $180,000. Finally, Riverhead Capital Management LLC acquired a new position in shares of IHS Markit during the 2nd quarter worth approximately $198,000. Institutional investors own 96.06% of the company’s stock.

Several brokerages recently issued reports on INFO. UBS AG restated a “neutral” rating and set a $47.00 price objective (up from $43.00) on shares of IHS Markit in a research report on Friday, June 30th. BMO Capital Markets restated an “outperform” rating and set a $50.00 price objective (down from $52.00) on shares of IHS Markit in a research report on Wednesday, September 27th. Bank of America Corporation cut their price objective on IHS Markit from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, September 27th. Cantor Fitzgerald restated a “hold” rating and set a $45.00 price objective on shares of IHS Markit in a research report on Tuesday, September 26th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $50.00 price objective (up from $48.00) on shares of IHS Markit in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. IHS Markit has an average rating of “Hold” and an average price target of $47.00.

In related news, President Lance Darrell Gordon Uggla sold 845,640 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the president now owns 1,177,904 shares in the company, valued at approximately $55,361,488. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Gear sold 30,004 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were 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 of the company’s stock, valued at approximately $14,611,871.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 895,644 shares of company stock valued at $41,962,158.

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IHS Markit Ltd. (INFO) traded down 0.25% during mid-day trading on Friday, reaching $43.98. 2,454,202 shares of the company’s stock traded hands. IHS Markit Ltd. has a 52-week low of $34.13 and a 52-week high of $48.53. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 46.20 and a beta of 0.84. The company has a 50-day moving average of $46.36 and a 200-day moving average of $45.00.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The business had revenue of $904.70 million during the quarter, compared to the consensus estimate of $890.99 million. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. Equities research analysts expect that IHS Markit Ltd. will post $2.05 EPS for the current year.

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.

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

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