First Republic Investment Management Inc. increased its stake in IHS Markit Ltd (NASDAQ:INFO) by 58.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,637 shares of the business services provider’s stock after acquiring an additional 3,917 shares during the period. First Republic Investment Management Inc.’s holdings in IHS Markit were worth $548,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of INFO. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of IHS Markit by 5,788.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,061 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 2,026 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of IHS Markit in the second quarter valued at approximately $173,000. Ostrum Asset Management bought a new position in shares of IHS Markit in the first quarter valued at approximately $186,000. Wetherby Asset Management Inc. bought a new position in shares of IHS Markit in the second quarter valued at approximately $208,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of IHS Markit in the second quarter valued at approximately $216,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

INFO stock opened at $55.21 on Monday. IHS Markit Ltd has a 12 month low of $42.40 and a 12 month high of $55.99. The company has a market cap of $21.64 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 2.60 and a beta of 0.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.56.

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

Several research firms have recently issued reports on INFO. ValuEngine upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. BidaskClub cut shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Friday, August 24th. Macquarie upgraded shares of IHS Markit from a “neutral” rating to an “outperform” rating in a report on Friday, June 1st. BMO Capital Markets increased their price objective on shares of IHS Markit from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, September 4th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $61.00 price objective on shares of IHS Markit in a report on Wednesday, June 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.77.

In related news, Director William E. Ford sold 2,000,000 shares of the stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $52.05, for a total transaction of $104,100,000.00. Following the completion of the sale, the director now directly owns 15,907 shares of the company’s stock, valued at $827,959.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Sari Beth Granat sold 24,900 shares of the stock in a transaction that occurred on Thursday, July 12th. The shares were sold at an average price of $53.00, for a total transaction of $1,319,700.00. Following the sale, the executive vice president now directly owns 50,480 shares of the company’s stock, valued at $2,675,440. 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.

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 (NASDAQ:INFO)

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