IHS Markit Ltd. (INFO) Shares Bought by Bank of Montreal Can

Bank of Montreal Can boosted its stake in shares of IHS Markit Ltd. (NASDAQ:INFO) by 105.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 126,607 shares of the business services provider’s stock after buying an additional 65,093 shares during the period. Bank of Montreal Can’s holdings in IHS Markit were worth $5,576,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in IHS Markit by 2,428.1% in the first quarter. BlackRock Inc. now owns 10,169,681 shares of the business services provider’s stock worth $426,616,000 after buying an additional 9,767,408 shares during the last quarter. FMR LLC increased its position in IHS Markit by 58.4% in the first quarter. FMR LLC now owns 14,521,091 shares of the business services provider’s stock worth $609,160,000 after buying an additional 5,352,565 shares during the last quarter. American Century Companies Inc. increased its position in IHS Markit by 98.8% in the first quarter. American Century Companies Inc. now owns 5,405,976 shares of the business services provider’s stock worth $226,781,000 after buying an additional 2,686,353 shares during the last quarter. Principal Financial Group Inc. increased its position in IHS Markit by 81.5% in the first quarter. Principal Financial Group Inc. now owns 5,911,921 shares of the business services provider’s stock worth $248,005,000 after buying an additional 2,654,794 shares during the last quarter. Finally, Legal & General Group Plc increased its position in IHS Markit by 534.0% in the first quarter. Legal & General Group Plc now owns 1,423,519 shares of the business services provider’s stock worth $59,717,000 after buying an additional 1,198,981 shares during the last quarter. Hedge funds and other institutional investors own 99.03% of the company’s stock.

IHS Markit Ltd. (NASDAQ:INFO) traded down 1.02% during mid-day trading on Friday, hitting $45.75. The stock had a trading volume of 5,187,763 shares. IHS Markit Ltd. has a 12-month low of $34.13 and a 12-month high of $47.92. The stock has a market cap of $18.29 billion, a price-to-earnings ratio of 84.57 and a beta of 0.88. The company has a 50-day moving average of $45.47 and a 200-day moving average of $43.49.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, June 27th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. IHS Markit had a net margin of 6.66% and a return on equity of 7.33%. The firm had revenue of $906.10 million for the quarter, compared to analysts’ expectations of $897.80 million. The firm’s revenue was up 54.1% on a year-over-year basis. On average, analysts anticipate that IHS Markit Ltd. will post $2.06 earnings per share for the current fiscal year.

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A number of brokerages recently issued reports on INFO. Cantor Fitzgerald reissued a “hold” rating and issued a $41.00 target price on shares of IHS Markit in a research report on Wednesday, April 26th. BMO Capital Markets upped their target price on IHS Markit from $49.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Morgan Stanley reissued an “underweight” rating and issued a $41.00 target price (up from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. UBS AG reaffirmed a “neutral” rating and set a $47.00 price objective (up from $43.00) on shares of IHS Markit in a research report on Friday, June 30th. Finally, Stifel Nicolaus increased their price objective on IHS Markit from $38.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $45.00.

In other news, EVP Jonathan Gear sold 30,004 shares of IHS Markit stock in a transaction on Friday, July 14th. The shares were sold at an average price of $44.43, for a total transaction of $1,333,077.72. Following the transaction, the executive vice president now directly owns 328,874 shares of the company’s stock, valued at $14,611,871.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Lance Darrell Gordon Uggla sold 845,640 shares of IHS Markit stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $47.00, for a total transaction of $39,745,080.00. Following the transaction, the president now directly owns 1,177,904 shares in the company, valued at $55,361,488. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,031,463 shares of company stock worth $48,308,385.

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.

Institutional Ownership by Quarter for IHS Markit (NASDAQ:INFO)

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