Bessemer Group Inc. increased its position in IHS Markit Ltd. (NASDAQ:INFO) by 6.8% during the second quarter, Holdings Channel reports. The fund owned 45,720 shares of the business services provider’s stock after buying an additional 2,892 shares during the period. Bessemer Group Inc.’s holdings in IHS Markit were worth $2,013,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in INFO. BlackRock Inc. raised its position in shares of 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 raised its position in shares of 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. raised its position in shares of 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. raised its position in shares of 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 raised its position in shares of 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. 98.13% of the stock is owned by hedge funds and other institutional investors.

IHS Markit Ltd. (NASDAQ INFO) opened at 45.16 on Friday. The firm has a market capitalization of $18.05 billion, a P/E ratio of 83.48 and a beta of 0.88. The stock’s 50 day moving average is $45.39 and its 200-day moving average is $43.20. IHS Markit Ltd. has a 1-year low of $34.13 and a 1-year high of $47.92.

IHS Markit (NASDAQ:INFO) last posted 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. The company had revenue of $906.10 million during the quarter, compared to the consensus estimate of $897.80 million. IHS Markit had a net margin of 6.66% and a return on equity of 7.33%. IHS Markit’s revenue was up 54.1% on a year-over-year basis. Analysts forecast that IHS Markit Ltd. will post $2.06 EPS for the current year.

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INFO has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed a “buy” rating on shares of IHS Markit in a research note on Thursday, April 27th. Deutsche Bank AG restated a “buy” rating and set a $52.00 price objective (up from $50.00) on shares of IHS Markit in a research note on Friday, June 16th. Cantor Fitzgerald restated a “hold” rating and set a $41.00 price objective on shares of IHS Markit in a research note on Wednesday, April 26th. Zacks Investment Research downgraded shares of IHS Markit from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Finally, 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 note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. IHS Markit presently has an average rating of “Hold” and a consensus target price of $45.00.

In related news, President Lance Darrell Gordon Uggla sold 845,640 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were 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 transaction 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 business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $43.50, for a total transaction of $56,550,000.00. Following the transaction, the director now owns 9,639 shares in the company, valued at $419,296.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,331,463 shares of company stock valued at $104,858,385.

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.

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

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