Tealwood Asset Management Inc. Has $2.04 Million Stake in IHS Markit Ltd (NASDAQ:INFO)

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Tealwood Asset Management Inc. raised its stake in IHS Markit Ltd (NASDAQ:INFO) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,023 shares of the business services provider’s stock after buying an additional 207 shares during the quarter. Tealwood Asset Management Inc.’s holdings in IHS Markit were worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of IHS Markit in the second quarter worth about $262,000. Keybank National Association OH lifted its position in shares of IHS Markit by 2.4% in the first quarter. Keybank National Association OH now owns 10,818 shares of the business services provider’s stock valued at $588,000 after buying an additional 256 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of IHS Markit by 1.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 219,779 shares of the business services provider’s stock valued at $11,952,000 after buying an additional 2,500 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of IHS Markit by 34.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 501,067 shares of the business services provider’s stock valued at $27,248,000 after buying an additional 128,158 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of IHS Markit by 9.0% in the first quarter. Wells Fargo & Company MN now owns 2,066,186 shares of the business services provider’s stock valued at $112,358,000 after buying an additional 171,226 shares during the last quarter. Institutional investors own 96.18% of the company’s stock.

A number of research firms have recently issued reports on INFO. Cantor Fitzgerald raised their price objective on IHS Markit from $51.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, June 27th. Deutsche Bank lifted their price target on IHS Markit from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, June 28th. SunTrust Banks lifted their price target on IHS Markit from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. BidaskClub raised IHS Markit from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. Finally, BMO Capital Markets lifted their price target on IHS Markit from $63.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $61.85.

In related news, EVP Adam Jason Kansler sold 150,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $65.09, for a total transaction of $9,763,500.00. Following the sale, the executive vice president now owns 269,467 shares in the company, valued at approximately $17,539,607.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sari Beth Granat sold 50,000 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $63.04, for a total value of $3,152,000.00. Following the sale, the executive vice president now owns 86,141 shares in the company, valued at approximately $5,430,328.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 300,483 shares of company stock worth $19,436,699. Corporate insiders own 1.11% of the company’s stock.

IHS Markit stock traded down $0.59 during mid-day trading on Thursday, reaching $64.54. 34,526 shares of the company were exchanged, compared to its average volume of 1,785,313. The company has a fifty day simple moving average of $64.73 and a 200-day simple moving average of $58.19. IHS Markit Ltd has a 12 month low of $44.52 and a 12 month high of $66.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market cap of $26.12 billion, a PE ratio of 32.55, a PEG ratio of 2.83 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.06. IHS Markit had a return on equity of 10.13% and a net margin of 10.49%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. Sell-side analysts anticipate that IHS Markit Ltd will post 2.13 earnings per share for the current year.

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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