Artisan Partners Limited Partnership cut its holdings in IHS Markit Ltd. (NASDAQ:INFO) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,558,208 shares of the business services provider’s stock after selling 1,853,137 shares during the period. IHS Markit comprises 3.4% of Artisan Partners Limited Partnership’s holdings, making the stock its 2nd largest holding. Artisan Partners Limited Partnership owned approximately 10.40% of IHS Markit worth $1,830,223,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of INFO. Dupont Capital Management Corp purchased a new position in shares of IHS Markit during the 2nd quarter worth about $120,000. Mutual of America Capital Management LLC boosted its stake in shares of IHS Markit by 20.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,175 shares of the business services provider’s stock worth $175,000 after purchasing an additional 695 shares during the period. Global X Management Co. LLC boosted its stake in shares of IHS Markit by 60.3% during the 1st quarter. Global X Management Co. LLC now owns 4,265 shares of the business services provider’s stock worth $179,000 after purchasing an additional 1,605 shares during the period. Riverhead Capital Management LLC purchased a new position in shares of IHS Markit during the 2nd quarter worth about $198,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of IHS Markit during the 2nd quarter worth about $207,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.
In other IHS Markit news, EVP Jonathan Gear sold 30,004 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now 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 this link. Also, Vice Chairman Daniel Yergin sold 43,657 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $44.17, for a total transaction of $1,928,329.69. Following the transaction, the insider now directly owns 364,703 shares of the company’s stock, valued at approximately $16,108,931.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,031,463 shares of company stock valued at $48,308,385.
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IHS Markit Ltd. (INFO) traded up 0.53% during midday trading on Friday, reaching $47.40. 8,871,107 shares of the company’s stock traded hands. IHS Markit Ltd. has a 1-year low of $34.13 and a 1-year high of $48.49. The company has a market capitalization of $18.95 billion, a price-to-earnings ratio of 87.62 and a beta of 0.88. The firm’s 50-day moving average is $46.62 and its 200-day moving average is $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 for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $906.10 million during the quarter, compared to analyst estimates of $897.80 million. IHS Markit had a net margin of 6.66% and a return on equity of 7.33%. The business’s revenue for the quarter was up 54.1% on a year-over-year basis. Analysts forecast that IHS Markit Ltd. will post $2.06 earnings per share for the current year.
INFO has been the subject of a number of recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $52.00 price target (up from $50.00) on shares of IHS Markit in a research note on Friday, June 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $50.00 price target (up from $48.00) on shares of IHS Markit in a research note on Wednesday, June 28th. Zacks Investment Research cut shares of IHS Markit from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. UBS AG reaffirmed a “neutral” rating and set a $47.00 price target (up from $43.00) on shares of IHS Markit in a research note on Friday, June 30th. Finally, BMO Capital Markets lifted their price target on shares of IHS Markit from $49.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. IHS Markit has an average rating of “Hold” and an average price target of $46.00.
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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