IHS Markit Ltd (INFO) Stake Boosted by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its holdings in shares of IHS Markit Ltd (NASDAQ:INFO) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,104,747 shares of the business services provider’s stock after buying an additional 2,284,273 shares during the period. IHS Markit accounts for 1.8% of Canada Pension Plan Investment Board’s portfolio, making the stock its 6th biggest position. Canada Pension Plan Investment Board’s holdings in IHS Markit were worth $976,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of INFO. DekaBank Deutsche Girozentrale boosted its holdings in IHS Markit by 17.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 37,787 shares of the business services provider’s stock worth $2,164,000 after acquiring an additional 5,575 shares in the last quarter. American International Group Inc. boosted its holdings in IHS Markit by 5.8% in the third quarter. American International Group Inc. now owns 154,846 shares of the business services provider’s stock worth $8,355,000 after acquiring an additional 8,422 shares in the last quarter. Twin Tree Management LP boosted its holdings in IHS Markit by 544.7% in the third quarter. Twin Tree Management LP now owns 54,901 shares of the business services provider’s stock worth $2,962,000 after acquiring an additional 46,385 shares in the last quarter. Todd Asset Management LLC boosted its holdings in IHS Markit by 0.3% in the third quarter. Todd Asset Management LLC now owns 466,435 shares of the business services provider’s stock worth $25,169,000 after acquiring an additional 1,333 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in IHS Markit by 7.3% in the third quarter. PNC Financial Services Group Inc. now owns 70,179 shares of the business services provider’s stock worth $3,788,000 after acquiring an additional 4,777 shares in the last quarter. 96.98% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Todd S. Hyatt sold 14,517 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $54.01, for a total value of $784,063.17. Following the completion of the transaction, the chief financial officer now owns 341,598 shares in the company, valued at $18,449,707.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.68% of the stock is owned by insiders.

INFO stock opened at $50.37 on Friday. IHS Markit Ltd has a 1-year low of $43.07 and a 1-year high of $55.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $19.85 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 2.57 and a beta of 0.74.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. IHS Markit had a return on equity of 9.55% and a net margin of 14.57%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.05 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. As a group, research analysts anticipate that IHS Markit Ltd will post 1.82 EPS for the current fiscal year.

Several equities research analysts have commented on INFO shares. Zacks Investment Research downgraded IHS Markit from a “buy” rating to a “hold” rating in a report on Friday, September 28th. SunTrust Banks boosted their target price on IHS Markit to $66.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. They noted that the move was a valuation call. Morgan Stanley set a $49.00 target price on IHS Markit and gave the stock a “sell” rating in a report on Thursday, September 13th. Wells Fargo & Co boosted their target price on IHS Markit from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, September 26th. Finally, Barclays started coverage on IHS Markit in a report on Thursday, October 11th. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $58.00.

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About IHS Markit

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.

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

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