Utah Retirement Systems bought a new position in IHS Markit Ltd. (NASDAQ:INFO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,375 shares of the business services provider’s stock, valued at approximately $3,143,000.

A number of other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp raised its stake in IHS Markit by 0.7% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 733,329 shares of the business services provider’s stock worth $32,296,000 after buying an additional 4,806 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in IHS Markit by 17.8% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 110,570 shares of the business services provider’s stock worth $4,870,000 after buying an additional 16,676 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in IHS Markit by 4.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 28,674 shares of the business services provider’s stock worth $1,338,000 after buying an additional 1,150 shares during the period. Prudential Financial Inc. raised 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 worth $18,297,000 after buying an additional 409,560 shares during the period. Finally, Royce & Associates LP raised its stake in IHS Markit by 2.7% in the second quarter. Royce & Associates LP now owns 99,468 shares of the business services provider’s stock worth $4,381,000 after buying an additional 2,600 shares during the period.

IHS Markit Ltd. (NASDAQ INFO) opened at 46.52 on Thursday. IHS Markit Ltd. has a 1-year low of $34.13 and a 1-year high of $47.92. The firm has a 50-day moving average of $45.74 and a 200-day moving average of $43.73. The stock has a market cap of $18.59 billion, a PE ratio of 85.99 and a beta of 0.88.

IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, June 27th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. IHS Markit had a return on equity of 7.33% and a net margin of 6.66%. The business had revenue of $906.10 million during the quarter, compared to the consensus estimate of $897.80 million. IHS Markit’s revenue for the quarter was up 54.1% compared to the same quarter last year. Analysts expect that IHS Markit Ltd. will post $2.06 EPS for the current fiscal year.

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A number of research firms recently weighed in on INFO. Zacks Investment Research raised shares of IHS Markit from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley reaffirmed an “underweight” rating and set a $41.00 target price (up previously from $40.00) on shares of IHS Markit in a report on Tuesday, July 18th. BMO Capital Markets upped their target price on shares of IHS Markit from $49.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. UBS AG reaffirmed a “neutral” rating and set a $47.00 target price (up previously from $43.00) on shares of IHS Markit in a report on Friday, June 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $50.00 target price (up previously from $48.00) on shares of IHS Markit in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $45.55.

In other IHS Markit news, Vice Chairman Daniel Yergin sold 43,657 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $44.17, for a total value of $1,928,329.69. Following the completion of the sale, the insider now directly owns 364,703 shares of the company’s stock, valued at approximately $16,108,931.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Lance Darrell Gordon Uggla sold 112,162 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $47.27, for a total value of $5,301,897.74. Following the completion of the sale, the president now directly owns 461,344 shares of the company’s stock, valued at $21,807,730.88. The disclosure for this sale can be found here. Insiders sold a total of 1,031,463 shares of company stock valued at $48,308,385 over the last ninety days.

About IHS Markit

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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