Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Holdings in IHS Markit Ltd. (INFO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in IHS Markit Ltd. (NASDAQ:INFO) by 25.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,544 shares of the business services provider’s stock after buying an additional 5,966 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in IHS Markit were worth $1,302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund acquired a new stake in shares of IHS Markit in the second quarter valued at approximately $678,000. Aperio Group LLC raised its holdings in shares of IHS Markit by 80.8% in the second quarter. Aperio Group LLC now owns 63,324 shares of the business services provider’s stock valued at $2,789,000 after purchasing an additional 28,300 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of IHS Markit by 29.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 54,656 shares of the business services provider’s stock valued at $2,407,000 after purchasing an additional 12,315 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of IHS Markit in the second quarter valued at approximately $456,000. Finally, CIBC Asset Management Inc raised its holdings in shares of IHS Markit by 0.5% in the second quarter. CIBC Asset Management Inc now owns 65,520 shares of the business services provider’s stock valued at $2,886,000 after purchasing an additional 338 shares during the last quarter. 99.14% of the stock is currently owned by hedge funds and other institutional investors.

In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $44.20, for a total value of $884,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A number of equities analysts recently weighed in on INFO shares. Zacks Investment Research upgraded shares of IHS Markit from a “strong sell” rating to a “hold” rating in a report on Thursday, November 16th. Goldman Sachs Group started coverage on shares of IHS Markit in a report on Wednesday, November 8th. They set a “buy” rating and a $55.00 target price on the stock. SunTrust Banks boosted their target price on shares of IHS Markit to $48.00 and gave the stock a “hold” rating in a report on Tuesday, November 14th. UBS lowered their target price on shares of IHS Markit from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, November 17th. Finally, William Blair downgraded shares of IHS Markit from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $47.46.

IHS Markit Ltd. (INFO) opened at $44.71 on Monday. IHS Markit Ltd. has a fifty-two week low of $34.20 and a fifty-two week high of $48.53. The firm has a market cap of $17,834.51, a price-to-earnings ratio of 27.60, a P/E/G ratio of 2.44 and a beta of 0.83. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 EPS for the quarter, beating 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 firm had revenue of $904.70 million for the quarter, compared to the consensus estimate of $890.99 million. During the same period in the previous year, the company earned $0.45 earnings per share. The company’s quarterly revenue was up 24.9% on a year-over-year basis. analysts anticipate that IHS Markit Ltd. will post 1.57 EPS for the current year.

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IHS Markit Company Profile

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.

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

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