Sumitomo Mitsui Asset Management Company LTD Has $1.37 Million Stake in IHS Markit Ltd. (INFO)

Sumitomo Mitsui Asset Management Company LTD increased its holdings in IHS Markit Ltd. (NASDAQ:INFO) by 8.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,078 shares of the business services provider’s stock after buying an additional 2,519 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in IHS Markit were worth $1,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Counselors Inc. raised its position in IHS Markit by 2.8% during the second quarter. Financial Counselors Inc. now owns 7,103 shares of the business services provider’s stock valued at $313,000 after purchasing an additional 191 shares in the last quarter. Bayesian Capital Management LP raised its position in IHS Markit by 2.0% during the second quarter. Bayesian Capital Management LP now owns 10,100 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 200 shares in the last quarter. First Personal Financial Services raised its position in IHS Markit by 0.4% during the second quarter. First Personal Financial Services now owns 64,127 shares of the business services provider’s stock valued at $2,824,000 after purchasing an additional 239 shares in the last quarter. Stifel Financial Corp raised its position in IHS Markit by 0.6% during the second quarter. Stifel Financial Corp now owns 45,554 shares of the business services provider’s stock valued at $2,020,000 after purchasing an additional 274 shares in the last quarter. Finally, Veritable L.P. raised its position in IHS Markit by 1.2% during the second quarter. Veritable L.P. now owns 26,580 shares of the business services provider’s stock valued at $1,171,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 94.48% of the company’s stock.

In related news, CFO Todd S. Hyatt sold 20,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $44.20, for a total value of $884,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Several research analysts have commented on INFO shares. Morgan Stanley restated an “underweight” rating and set a $41.00 price objective (up from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. Zacks Investment Research upgraded shares of IHS Markit from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Cantor Fitzgerald restated a “hold” rating and set a $45.00 price objective on shares of IHS Markit in a research report on Tuesday, September 26th. Wells Fargo & Company lowered their price objective on shares of IHS Markit from $52.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, September 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 target price (down previously from $52.00) on shares of IHS Markit in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $47.00.

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Shares of IHS Markit Ltd. (INFO) opened at $43.49 on Monday. The firm has a market cap of $17,347.87, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 2.32 and a beta of 0.82. IHS Markit Ltd. has a one year low of $34.13 and a one year high of $48.53. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.53.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.04. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The company had revenue of $904.70 million for the quarter, compared to analysts’ expectations of $890.99 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. IHS Markit’s revenue for the quarter was up 24.9% on a year-over-year basis. sell-side analysts expect that IHS Markit Ltd. will post 1.56 EPS for the current year.

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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