IHS Markit Ltd (INFO) Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of IHS Markit Ltd (NASDAQ:INFO) by 105.7% during the third quarter, HoldingsChannel.com reports. The firm owned 4,240 shares of the business services provider’s stock after buying an additional 2,179 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in IHS Markit were worth $229,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Edgewood Management LLC increased its holdings in shares of IHS Markit by 2.4% during the second quarter. Edgewood Management LLC now owns 18,493,151 shares of the business services provider’s stock valued at $954,062,000 after purchasing an additional 439,429 shares during the period. FMR LLC boosted its stake in IHS Markit by 10.0% during the second quarter. FMR LLC now owns 16,933,612 shares of the business services provider’s stock valued at $873,605,000 after buying an additional 1,539,362 shares in the last quarter. American Century Companies Inc. boosted its stake in IHS Markit by 5.2% during the third quarter. American Century Companies Inc. now owns 7,537,951 shares of the business services provider’s stock valued at $406,748,000 after buying an additional 372,707 shares in the last quarter. Sei Investments Co. boosted its stake in IHS Markit by 4.9% during the second quarter. Sei Investments Co. now owns 4,696,661 shares of the business services provider’s stock valued at $242,300,000 after buying an additional 218,299 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in IHS Markit by 2.9% during the second quarter. Northern Trust Corp now owns 4,094,784 shares of the business services provider’s stock valued at $211,250,000 after buying an additional 115,235 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors.

NASDAQ:INFO opened at $49.83 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.43 and a quick ratio of 0.43. IHS Markit Ltd has a 1-year low of $43.07 and a 1-year high of $55.99. The firm has a market capitalization of $19.85 billion, a P/E ratio of 29.66, a P/E/G ratio of 2.57 and a beta of 0.74.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, September 25th. The business services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $1 billion during the quarter, compared to analyst estimates of $991.05 million. During the same quarter last year, the company posted $0.57 EPS. IHS Markit’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts expect that IHS Markit Ltd will post 1.82 EPS for the current fiscal year.

In related news, CFO Todd S. Hyatt sold 14,517 shares of the 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 approximately $18,449,707.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.68% of the company’s stock.

Several research analysts recently weighed in on INFO shares. Zacks Investment Research cut IHS Markit from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. SunTrust Banks raised their target price on IHS Markit to $66.00 and gave the company a “buy” rating in a research note 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 company a “sell” rating in a research note on Thursday, September 13th. Wells Fargo & Co raised their target price on IHS Markit from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, September 26th. Finally, Barclays started coverage on IHS Markit in a research note on Thursday, October 11th. They set an “overweight” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. IHS Markit currently has an average 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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Want to see what other hedge funds are holding INFO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IHS Markit Ltd (NASDAQ:INFO).

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

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