Sompo Japan Nipponkoa Asset Management CO. LTD. Grows Stock Holdings in IHS Markit Ltd (NASDAQ:INFO)

Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its position in shares of IHS Markit Ltd (NASDAQ:INFO) by 41.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,320 shares of the business services provider’s stock after buying an additional 3,020 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in IHS Markit were worth $658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INFO. CWM LLC lifted its stake in shares of IHS Markit by 48.3% during the 1st quarter. CWM LLC now owns 688 shares of the business services provider’s stock valued at $37,000 after buying an additional 224 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in IHS Markit by 87.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 574 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 268 shares during the last quarter. Lindbrook Capital LLC increased its holdings in IHS Markit by 87.3% in the 1st quarter. Lindbrook Capital LLC now owns 796 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 371 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in IHS Markit by 21.5% in the 1st quarter. Rehmann Capital Advisory Group now owns 972 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 172 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new stake in IHS Markit in the 1st quarter valued at $58,000. Institutional investors own 96.18% of the company’s stock.

In other news, EVP Adam Jason Kansler sold 150,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $65.09, for a total value of $9,763,500.00. Following the sale, the executive vice president now directly owns 269,467 shares in the company, valued at approximately $17,539,607.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Todd S. Hyatt sold 25,483 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $63.56, for a total transaction of $1,619,699.48. Following the completion of the sale, the chief financial officer now owns 217,600 shares in the company, valued at $13,830,656. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 300,483 shares of company stock worth $19,436,699. Insiders own 1.11% of the company’s stock.

Shares of IHS Markit stock traded up $1.18 during trading hours on Friday, reaching $64.83. The company’s stock had a trading volume of 1,773,400 shares, compared to its average volume of 1,790,245. The firm has a 50 day moving average price of $64.61 and a 200-day moving average price of $57.95. IHS Markit Ltd has a one year low of $44.52 and a one year high of $66.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $25.53 billion, a P/E ratio of 32.74, a P/E/G ratio of 2.83 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last posted its earnings results on Wednesday, June 26th. The business services provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. IHS Markit had a net margin of 10.49% and a return on equity of 10.13%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $0.61 EPS. The business’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts forecast that IHS Markit Ltd will post 2.13 EPS for the current fiscal year.

A number of analysts have issued reports on INFO shares. BidaskClub upgraded shares of IHS Markit from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. SunTrust Banks lifted their price target on shares of IHS Markit from $62.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, June 27th. BMO Capital Markets lifted their price target on shares of IHS Markit from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Deutsche Bank lifted their price target on shares of IHS Markit from $63.00 to $70.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Piper Jaffray Companies lifted their price target on shares of IHS Markit from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $61.85.

IHS Markit 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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