IHS Markit Ltd. (INFO) Holdings Lowered by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. lowered its position in shares of IHS Markit Ltd. (NASDAQ:INFO) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 505,500 shares of the business services provider’s stock after selling 39,800 shares during the quarter. Platinum Investment Management Ltd. owned 0.13% of IHS Markit worth $22,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of IHS Markit by 23.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock worth $1,449,201,000 after buying an additional 6,171,840 shares in the last quarter. BlackRock Inc. lifted its position in shares of IHS Markit by 104.2% during the 2nd quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock worth $914,415,000 after buying an additional 10,593,627 shares in the last quarter. FMR LLC lifted its position in shares of IHS Markit by 20.6% during the 2nd quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock worth $771,256,000 after buying an additional 2,991,526 shares in the last quarter. State Street Corp lifted its position in shares of IHS Markit by 269.2% during the 2nd quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock worth $630,974,000 after buying an additional 10,443,873 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of IHS Markit by 26.1% during the 2nd quarter. Principal Financial Group Inc. now owns 7,454,101 shares of the business services provider’s stock worth $328,279,000 after buying an additional 1,542,180 shares in the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

In other IHS Markit news, President Lance Darrell Gordon Uggla sold 845,640 shares of the 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 transaction, the president now directly owns 1,177,904 shares in the company, valued at $55,361,488. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Gear sold 30,004 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was 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 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 in the last 90 days.

Several equities analysts have commented on INFO shares. Deutsche Bank AG reissued a “buy” rating and set a $52.00 target price (up previously from $50.00) on shares of IHS Markit in a research report on Friday, June 16th. Morgan Stanley reissued an “underweight” rating and set a $41.00 target price (up previously from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. BMO Capital Markets lifted their target price on shares of IHS Markit from $49.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $50.00 target price (up previously from $48.00) on shares of IHS Markit in a research report on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of IHS Markit from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.00.

ILLEGAL ACTIVITY NOTICE: “IHS Markit Ltd. (INFO) Holdings Lowered by Platinum Investment Management Ltd.” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/08/ihs-markit-ltd-info-holdings-lowered-by-platinum-investment-management-ltd.html.

IHS Markit Ltd. (NASDAQ INFO) traded down 0.25% during midday trading on Friday, hitting $43.98. 2,454,202 shares of the company were exchanged. IHS Markit Ltd. has a 1-year low of $34.13 and a 1-year high of $48.53. The stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 46.20 and a beta of 0.84. The stock has a 50 day moving average of $46.36 and a 200-day moving average of $45.00.

IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The c

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of IHS Markit by 23.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock worth $1,449,201,000 after buying an additional 6,171,840 shares in the last quarter. BlackRock Inc. lifted its position in shares of IHS Markit by 104.2% during the 2nd quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock worth $914,415,000 after buying an additional 10,593,627 shares in the last quarter. FMR LLC lifted its position in shares of IHS Markit by 20.6% during the 2nd quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock worth $771,256,000 after buying an additional 2,991,526 shares in the last quarter. State Street Corp lifted its position in shares of IHS Markit by 269.2% during the 2nd quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock worth $630,974,000 after buying an additional 10,443,873 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of IHS Markit by 26.1% during the 2nd quarter. Principal Financial Group Inc. now owns 7,454,101 shares of the business services provider’s stock worth $328,279,000 after buying an additional 1,542,180 shares in the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

In other IHS Markit news, President Lance Darrell Gordon Uggla sold 845,640 shares of the 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 transaction, the president now directly owns 1,177,904 shares in the company, valued at $55,361,488. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan Gear sold 30,004 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was 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 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 in the last 90 days.

Several equities analysts have commented on INFO shares. Deutsche Bank AG reissued a “buy” rating and set a $52.00 target price (up previously from $50.00) on shares of IHS Markit in a research report on Friday, June 16th. Morgan Stanley reissued an “underweight” rating and set a $41.00 target price (up previously from $40.00) on shares of IHS Markit in a research report on Tuesday, July 18th. BMO Capital Markets lifted their target price on shares of IHS Markit from $49.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $50.00 target price (up previously from $48.00) on shares of IHS Markit in a research report on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of IHS Markit from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.00.

ILLEGAL ACTIVITY NOTICE: “IHS Markit Ltd. (INFO) Holdings Lowered by Platinum Investment Management Ltd.” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/08/ihs-markit-ltd-info-holdings-lowered-by-platinum-investment-management-ltd.html.

IHS Markit Ltd. (NASDAQ INFO) traded down 0.25% during midday trading on Friday, hitting $43.98. 2,454,202 shares of the company were exchanged. IHS Markit Ltd. has a 1-year low of $34.13 and a 1-year high of $48.53. The stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 46.20 and a beta of 0.84. The stock has a 50 day moving average of $46.36 and a 200-day moving average of $45.00.

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

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

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