TIAA CREF Investment Management LLC grew its holdings in shares of IHS Markit Ltd. (NASDAQ:INFO) by 2.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,870,344 shares of the business services provider’s stock after buying an additional 50,786 shares during the quarter. TIAA CREF Investment Management LLC owned 0.47% of IHS Markit worth $82,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of IHS Markit by 1.6% during the first quarter. Vanguard Group Inc. now owns 26,734,655 shares of the business services provider’s stock valued at $1,121,519,000 after buying an additional 408,185 shares during the last quarter. Edgewood Management LLC grew its stake in shares of IHS Markit by 2.6% during the first quarter. Edgewood Management LLC now owns 16,283,098 shares of the business services provider’s stock valued at $683,076,000 after buying an additional 405,039 shares during the last quarter. FMR LLC grew its stake in shares of IHS Markit by 58.4% during the first quarter. FMR LLC now owns 14,521,091 shares of the business services provider’s stock valued at $609,160,000 after buying an additional 5,352,565 shares during the last quarter. BlackRock Inc. grew its stake in shares of IHS Markit by 2,428.1% during the first quarter. BlackRock Inc. now owns 10,169,681 shares of the business services provider’s stock valued at $426,616,000 after buying an additional 9,767,408 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of IHS Markit by 26.1% during the second quarter. Principal Financial Group Inc. now owns 7,454,101 shares of the business services provider’s stock valued at $328,279,000 after buying an additional 1,542,180 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

IHS Markit Ltd. (INFO) opened at 47.40 on Friday. The company has a market cap of $18.95 billion, a PE ratio of 87.62 and a beta of 0.88. IHS Markit Ltd. has a 52 week low of $34.13 and a 52 week high of $48.49. The company has a 50-day moving average price of $46.62 and a 200 day moving average price of $44.45.

IHS Markit (NASDAQ:INFO) last announced its earnings results 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. The company had revenue of $906.10 million for the quarter, compared to analyst estimates of $897.80 million. IHS Markit had a return on equity of 7.33% and a net margin of 6.66%. The company’s 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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In other IHS Markit news, Vice Chairman Daniel Yergin sold 43,657 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 364,703 shares of the company’s stock, valued at $16,108,931.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Lance Darrell Gordon Uggla sold 845,640 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $47.00, for a total value of $39,745,080.00. Following the completion of the sale, the president now directly owns 1,177,904 shares in the company, valued at approximately $55,361,488. The disclosure for this sale can be found here. In the last three months, insiders sold 1,031,463 shares of company stock worth $48,308,385.

A number of research analysts have recently commented on the company. UBS AG reaffirmed a “neutral” rating and set a $47.00 target price (up previously from $43.00) on shares of IHS Markit in a research note on Friday, June 30th. Zacks Investment Research raised IHS Markit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $50.00 price objective (up previously from $48.00) on shares of IHS Markit in a research note on Wednesday, June 28th. BMO Capital Markets increased their price objective on IHS Markit from $49.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $41.00 price objective (up previously from $40.00) on shares of IHS Markit in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.00.

IHS Markit 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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