Bank of America Corp DE Sells 224,278 Shares of IHS Markit Ltd (NYSE:INFO)

Bank of America Corp DE trimmed its holdings in IHS Markit Ltd (NYSE:INFO) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,800,456 shares of the business services provider’s stock after selling 224,278 shares during the period. Bank of America Corp DE owned approximately 1.45% of IHS Markit worth $369,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in INFO. Geode Capital Management LLC lifted its holdings in shares of IHS Markit by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 4,917,673 shares of the business services provider’s stock worth $235,497,000 after acquiring an additional 376,102 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of IHS Markit by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 168,650 shares of the business services provider’s stock valued at $8,090,000 after acquiring an additional 6,628 shares during the period. Janney Montgomery Scott LLC increased its position in shares of IHS Markit by 29.3% in the first quarter. Janney Montgomery Scott LLC now owns 6,528 shares of the business services provider’s stock valued at $355,000 after acquiring an additional 1,481 shares during the period. Great Lakes Advisors LLC purchased a new position in shares of IHS Markit in the first quarter valued at about $229,000. Finally, Keybank National Association OH increased 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 acquiring an additional 256 shares during the period. Institutional investors and hedge funds own 96.92% of the company’s stock.

INFO has been the topic of a number of analyst reports. UBS Group boosted their price objective on shares of IHS Markit from $63.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. BMO Capital Markets boosted their price objective on shares of IHS Markit from $63.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Cantor Fitzgerald boosted their price objective on shares of IHS Markit from $51.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, June 27th. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Monday, August 26th. Finally, SunTrust Banks boosted their price objective on shares of IHS Markit from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. IHS Markit has an average rating of “Buy” and an average price target of $69.58.

In related news, CFO Todd S. Hyatt sold 25,483 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $63.56, for a total transaction of $1,619,699.48. Following the transaction, the chief financial officer now owns 217,600 shares in the company, valued at $13,830,656. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.68% of the stock is owned by corporate insiders.

NYSE:INFO traded up $0.34 during mid-day trading on Friday, hitting $68.31. 1,355,991 shares of the company’s stock were exchanged, compared to its average volume of 2,581,552. The business has a fifty day moving average price of $66.43 and a 200 day moving average price of $61.46. The company has a market cap of $27.13 billion, a PE ratio of 34.50, a P/E/G ratio of 2.65 and a beta of 0.79. IHS Markit Ltd has a one year low of $44.52 and a one year high of $68.90. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71.

IHS Markit (NYSE:INFO) last issued its earnings results on Tuesday, September 24th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.14. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. IHS Markit had a net margin of 8.74% and a return on equity of 10.35%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. On average, equities analysts forecast that IHS Markit Ltd will post 2.13 EPS for the current fiscal year.

IHS Markit Profile

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 (NYSE:INFO)

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