Todd Asset Management LLC Sells 1,033 Shares of IHS Markit Ltd (NASDAQ:INFO)

Todd Asset Management LLC lessened its holdings in IHS Markit Ltd (NASDAQ:INFO) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 474,285 shares of the business services provider’s stock after selling 1,033 shares during the quarter. Todd Asset Management LLC owned 0.12% of IHS Markit worth $30,222,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Rehmann Capital Advisory Group raised its position in shares of 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 period. Parallel Advisors LLC grew its position in IHS Markit by 11.1% in the second quarter. Parallel Advisors LLC now owns 2,068 shares of the business services provider’s stock valued at $132,000 after acquiring an additional 207 shares during the last quarter. Tealwood Asset Management Inc. grew its position in IHS Markit by 0.7% in the second quarter. Tealwood Asset Management Inc. now owns 32,023 shares of the business services provider’s stock valued at $2,041,000 after acquiring an additional 207 shares during the last quarter. CWM LLC grew its position in IHS Markit by 48.3% in the first quarter. CWM LLC now owns 688 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 224 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in IHS Markit by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 37,238 shares of the business services provider’s stock valued at $2,373,000 after acquiring an additional 226 shares during the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Adam Jason Kansler sold 150,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $65.09, for a total transaction of $9,763,500.00. Following the completion of the sale, the executive vice president now owns 269,467 shares in the company, valued at $17,539,607.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sari Beth Granat sold 50,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $63.04, for a total value of $3,152,000.00. Following the sale, the executive vice president now owns 86,141 shares of the company’s stock, valued at approximately $5,430,328.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 300,483 shares of company stock valued at $19,436,699. Corporate insiders own 1.11% of the company’s stock.

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

Shares of NASDAQ INFO traded down $1.39 during midday trading on Friday, hitting $62.74. 43,463 shares of the stock traded hands, compared to its average volume of 1,781,796. The company has a market cap of $25.16 billion, a PE ratio of 31.69, a P/E/G ratio of 2.83 and a beta of 0.82. IHS Markit Ltd has a one year low of $44.52 and a one year high of $66.07. The business has a 50 day moving average price of $64.68 and a two-hundred day moving average price of $58.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.66 and a current ratio of 0.66.

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

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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