CIBC Asset Management Inc raised its position in shares of IHS Markit Ltd. (NASDAQ:INFO) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,520 shares of the business services provider’s stock after buying an additional 338 shares during the period. CIBC Asset Management Inc’s holdings in IHS Markit were worth $2,886,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in INFO. Independent Portfolio Consultants Inc. acquired a new stake in shares of IHS Markit during the first quarter worth about $575,000. Korea Investment CORP boosted its stake in shares of IHS Markit by 884.0% in the first quarter. Korea Investment CORP now owns 4,182 shares of the business services provider’s stock worth $175,000 after buying an additional 3,757 shares during the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of IHS Markit during the first quarter worth about $613,000. Candriam Luxembourg S.C.A. acquired a new stake in shares of IHS Markit during the first quarter worth about $1,170,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of IHS Markit during the first quarter worth about $373,000. 98.13% of the stock is owned by institutional investors.

IHS Markit Ltd. (NASDAQ INFO) opened at 46.39 on Monday. The firm has a market cap of $18.54 billion, a P/E ratio of 85.75 and a beta of 0.88. The company has a 50-day moving average price of $45.63 and a 200-day moving average price of $42.92. IHS Markit Ltd. has a 1-year low of $34.02 and a 1-year high of $47.92.

IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, June 27th. The business services provider reported $0.52 EPS for the quarter, hitting the consensus estimate 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. The company’s quarterly revenue was up 54.1% on a year-over-year basis. On average, equities research analysts forecast that IHS Markit Ltd. will post $2.06 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on INFO. Deutsche Bank AG reissued a “buy” rating and issued a $52.00 target price (up previously from $50.00) on shares of IHS Markit in a research report on Friday, June 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $50.00 target price (up previously from $48.00) on shares of IHS Markit in a research report on Wednesday, June 28th. Morgan Stanley reissued an “underweight” rating and issued a $41.00 target price (up previously from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. BMO Capital Markets boosted their target price on shares of IHS Markit from $49.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Finally, UBS AG reissued a “neutral” rating and issued a $47.00 target price (up previously from $43.00) on shares of IHS Markit in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. IHS Markit currently has an average rating of “Hold” and a consensus price target of $45.00.

In other IHS Markit news, Vice Chairman Daniel Yergin sold 43,657 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 364,703 shares in the company, valued at approximately $16,108,931.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William E. Ford sold 1,300,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $43.50, for a total value of $56,550,000.00. Following the completion of the transaction, the director now owns 9,639 shares of the company’s stock, valued at approximately $419,296.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,331,463 shares of company stock valued at $104,858,385.

IHS Markit Company Profile

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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