Todd Asset Management LLC grew its stake in IHS Markit Ltd. (NASDAQ:INFO) by 58.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 658,096 shares of the business services provider’s stock after acquiring an additional 242,092 shares during the quarter. Todd Asset Management LLC owned about 0.16% of IHS Markit worth $29,009,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in INFO. State Treasurer State of Michigan increased its stake in IHS Markit by 5.7% in the third quarter. State Treasurer State of Michigan now owns 110,200 shares of the business services provider’s stock valued at $4,858,000 after purchasing an additional 5,900 shares during the last quarter. Prudential Financial Inc. increased its stake in IHS Markit by 6,953.5% in the second quarter. Prudential Financial Inc. now owns 415,450 shares of the business services provider’s stock valued at $18,297,000 after purchasing an additional 409,560 shares during the last quarter. Swiss National Bank increased its stake in IHS Markit by 6.3% in the second quarter. Swiss National Bank now owns 1,350,757 shares of the business services provider’s stock valued at $59,487,000 after purchasing an additional 80,000 shares during the last quarter. Principal Financial Group Inc. increased its stake in IHS Markit by 26.1% in the second quarter. Principal Financial Group Inc. now owns 7,454,101 shares of the business services provider’s stock valued at $328,279,000 after purchasing an additional 1,542,180 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in IHS Markit by 102.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,203,898 shares of the business services provider’s stock valued at $53,020,000 after purchasing an additional 610,170 shares during the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.

In other news, CFO Todd S. Hyatt sold 20,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $44.20, for a total value of $884,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

INFO has been the subject of several analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $50.00 target price (down from $52.00) on shares of IHS Markit in a research note on Wednesday, September 27th. Zacks Investment Research upgraded IHS Markit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Bank of America Corporation dropped their target price on IHS Markit from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, September 27th. Royal Bank Of Canada dropped their target price on IHS Markit from $50.00 to $49.00 and set an “outperform” rating for the company in a research note on Wednesday, September 27th. Finally, Morgan Stanley dropped their price target on IHS Markit from $41.00 to $40.00 and set an “underweight” rating for the company in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $47.67.

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Shares of IHS Markit Ltd. (NASDAQ INFO) traded down $0.27 during trading hours on Monday, reaching $42.93. The company’s stock had a trading volume of 1,643,100 shares, compared to its average volume of 2,657,057. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.53. IHS Markit Ltd. has a 12 month low of $34.13 and a 12 month high of $48.53. The firm has a market capitalization of $17,110.00, a price-to-earnings ratio of 26.50, a PEG ratio of 2.29 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The business had revenue of $904.70 million during the quarter, compared to analyst estimates of $890.99 million. During the same quarter last year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. research analysts predict that IHS Markit Ltd. will post 1.56 EPS for the current year.

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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