IHS Markit Ltd. (INFO) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its holdings in shares of IHS Markit Ltd. (NASDAQ:INFO) by 6.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,197,555 shares of the business services provider’s stock after buying an additional 349,948 shares during the period. The Manufacturers Life Insurance Company owned approximately 1.55% of IHS Markit worth $272,940,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Financial Counselors Inc. raised its position in shares of IHS Markit by 2.8% during the second quarter. Financial Counselors Inc. now owns 7,103 shares of the business services provider’s stock worth $313,000 after purchasing an additional 191 shares during the period. Bayesian Capital Management LP raised its position in shares of 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 worth $445,000 after purchasing an additional 200 shares during the period. First Personal Financial Services raised its position in shares of 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 worth $2,824,000 after purchasing an additional 239 shares during the period. Stifel Financial Corp raised its position in shares of IHS Markit by 0.6% during the second quarter. Stifel Financial Corp now owns 45,554 shares of the business services provider’s stock worth $2,020,000 after purchasing an additional 274 shares during the period. Finally, Veritable L.P. raised its position in shares of IHS Markit by 1.2% during the second quarter. Veritable L.P. now owns 26,580 shares of the business services provider’s stock worth $1,171,000 after purchasing an additional 317 shares during the period. Hedge funds and other institutional investors own 96.06% of the company’s stock.

In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $44.20, for a total value of $884,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jonathan Gear sold 30,004 shares of the business’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $44.43, for a total value of $1,333,077.72. Following the completion of the sale, the executive vice president now directly owns 328,874 shares in the company, valued at $14,611,871.82. The disclosure for this sale can be found here. Insiders sold 895,644 shares of company stock worth $41,962,158 over the last three months.

IHS Markit Ltd. (INFO) traded down 0.25% during midday trading on Friday, reaching $43.98. The company had a trading volume of 2,454,202 shares. The stock has a market capitalization of $17.49 billion, a PE ratio of 46.20 and a beta of 0.84. IHS Markit Ltd. has a 12-month low of $34.13 and a 12-month high of $48.53. The company has a 50-day moving average of $46.36 and a 200-day moving average of $45.00.

IHS Markit (NASDAQ:INFO) last released its earnings results on Tuesday, September 26th. The business services provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The business had revenue of $904.70 million for the quarter, compared to the consensus estimate of $890.99 million. During the same period in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. On average, analysts predict that IHS Markit Ltd. will post $2.05 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the company. Bank of America Corporation lowered their target price on IHS Markit from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Royal Bank Of Canada lowered their target price on IHS Markit from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 27th. Morgan Stanley lowered their target price on IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 27th. Wells Fargo & Company lowered their target price on IHS Markit from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 target price (down from $52.00) on shares of IHS Markit in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. IHS Markit currently has a consensus rating of “Hold” and an average target price of $47.00.

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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.

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

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