Janus Henderson Group PLC trimmed its holdings in IHS Markit Ltd (NASDAQ:INFO) by 15.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,010,503 shares of the business services provider’s stock after selling 728,373 shares during the quarter. Janus Henderson Group PLC’s holdings in IHS Markit were worth $206,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mountain Pacific Investment Advisers Inc. ID boosted its position in shares of IHS Markit by 0.4% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 319,455 shares of the business services provider’s stock valued at $15,411,000 after acquiring an additional 1,200 shares during the period. Stephens Investment Management Group LLC boosted its position in shares of IHS Markit by 0.4% in the first quarter. Stephens Investment Management Group LLC now owns 338,893 shares of the business services provider’s stock valued at $16,348,000 after acquiring an additional 1,213 shares during the period. Nuveen Asset Management LLC boosted its position in shares of IHS Markit by 8.0% in the first quarter. Nuveen Asset Management LLC now owns 18,321 shares of the business services provider’s stock valued at $884,000 after acquiring an additional 1,360 shares during the period. M&T Bank Corp boosted its position in shares of IHS Markit by 7.4% in the first quarter. M&T Bank Corp now owns 20,143 shares of the business services provider’s stock valued at $972,000 after acquiring an additional 1,389 shares during the period. Finally, Korea Investment CORP boosted its position in shares of IHS Markit by 42.0% in the first quarter. Korea Investment CORP now owns 4,730 shares of the business services provider’s stock valued at $228,000 after acquiring an additional 1,400 shares during the period. 97.14% of the stock is owned by institutional investors.

Shares of NASDAQ INFO opened at $54.79 on Friday. The firm has a market cap of $21.31 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 2.49 and a beta of 0.76. IHS Markit Ltd has a 52-week low of $42.40 and a 52-week high of $55.11. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.41 and a quick ratio of 1.41.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, June 26th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $974.12 million. IHS Markit had a return on equity of 9.68% and a net margin of 16.03%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $0.52 earnings per share. sell-side analysts predict that IHS Markit Ltd will post 1.85 earnings per share for the current year.

In other IHS Markit news, EVP Sari Beth Granat sold 24,900 shares of IHS Markit stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $53.00, for a total transaction of $1,319,700.00. Following the completion of the transaction, the executive vice president now directly owns 50,480 shares of the company’s stock, valued at $2,675,440. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William E. Ford sold 2,000,000 shares of IHS Markit stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $52.05, for a total value of $104,100,000.00. Following the transaction, the director now directly owns 15,907 shares of the company’s stock, valued at $827,959.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,050,000 shares of company stock valued at $106,724,750. Company insiders own 2.68% of the company’s stock.

Several research analysts recently commented on INFO shares. BMO Capital Markets raised their target price on IHS Markit to $57.00 in a research report on Tuesday, May 15th. Macquarie raised IHS Markit from a “neutral” rating to an “outperform” rating and set a $60.00 target price for the company in a research report on Tuesday, May 22nd. BidaskClub cut IHS Markit from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 31st. ValuEngine cut IHS Markit from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Wednesday, June 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. IHS Markit currently has a consensus rating of “Buy” and an average target price of $55.38.

IHS Markit Company Profile

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.

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

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