IHS Markit Ltd (NYSE:INFO) Shares Sold by Boston Partners

Boston Partners reduced its stake in IHS Markit Ltd (NYSE:INFO) by 15.8% in the 3rd quarter, Holdings Channel reports. The firm owned 33,467 shares of the business services provider’s stock after selling 6,267 shares during the quarter. Boston Partners’ holdings in IHS Markit were worth $2,238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INFO. Nuveen Asset Management LLC increased its holdings in IHS Markit by 2,581.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,641,197 shares of the business services provider’s stock valued at $295,737,000 after purchasing an additional 4,468,132 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in IHS Markit by 381.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,717,941 shares of the business services provider’s stock valued at $234,601,000 after purchasing an additional 2,945,175 shares in the last quarter. Invesco Ltd. increased its holdings in IHS Markit by 42.5% in the 2nd quarter. Invesco Ltd. now owns 6,093,263 shares of the business services provider’s stock valued at $388,262,000 after purchasing an additional 1,817,444 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in IHS Markit by 32.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,694,564 shares of the business services provider’s stock valued at $313,972,000 after purchasing an additional 1,158,867 shares in the last quarter. Finally, State Street Corp increased its holdings in IHS Markit by 5.9% in the 3rd quarter. State Street Corp now owns 15,376,831 shares of the business services provider’s stock valued at $1,028,402,000 after purchasing an additional 853,329 shares in the last quarter. Hedge funds and other institutional investors own 96.47% of the company’s stock.

Shares of IHS Markit stock opened at $72.11 on Tuesday. The business has a 50-day moving average of $70.51 and a 200-day moving average of $65.30. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $29.13 billion, a PE ratio of 36.42, a P/E/G ratio of 2.84 and a beta of 0.79. IHS Markit Ltd has a 1-year low of $44.52 and a 1-year high of $73.11.

IHS Markit (NYSE:INFO) last announced its earnings results on Tuesday, September 24th. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.14. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. IHS Markit had a return on equity of 10.35% and a net margin of 8.74%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.58 earnings per share. On average, equities analysts expect that IHS Markit Ltd will post 2.13 earnings per share for the current fiscal year.

In other news, CEO Lance Darrell Gordon Uggla sold 91,549 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $71.52, for a total transaction of $6,547,584.48. Following the completion of the sale, the chief executive officer now directly owns 424,158 shares in the company, valued at $30,335,780.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.11% of the stock is owned by company insiders.

Several analysts recently issued reports on the company. Barclays set a $75.00 price target on IHS Markit and gave the company a “buy” rating in a report on Tuesday, September 24th. BMO Capital Markets reiterated a “buy” rating and issued a $76.00 price target on shares of IHS Markit in a report on Wednesday, November 13th. Morgan Stanley increased their price target on IHS Markit from $58.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, October 10th. BidaskClub downgraded IHS Markit from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th. Finally, Zacks Investment Research upgraded IHS Markit from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $72.15.

About IHS Markit

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 (NYSE:INFO)

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