Cramer Rosenthal Mcglynn LLC Has $31.08 Million Stock Holdings in IHS Markit Ltd (NASDAQ:INFO)

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Cramer Rosenthal Mcglynn LLC trimmed its position in shares of IHS Markit Ltd (NASDAQ:INFO) by 30.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 487,689 shares of the business services provider’s stock after selling 208,972 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 0.12% of IHS Markit worth $31,076,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of IHS Markit by 2.6% during the second quarter. BlackRock Inc. now owns 24,402,266 shares of the business services provider’s stock valued at $1,554,912,000 after purchasing an additional 627,522 shares in the last quarter. Edgewood Management LLC lifted its stake in shares of IHS Markit by 1.0% in the second quarter. Edgewood Management LLC now owns 18,697,230 shares of the business services provider’s stock worth $1,191,388,000 after acquiring an additional 181,115 shares during the period. Clearbridge Investments LLC lifted its stake in shares of IHS Markit by 24.0% in the first quarter. Clearbridge Investments LLC now owns 8,222,320 shares of the business services provider’s stock worth $447,130,000 after acquiring an additional 1,591,992 shares during the period. American Century Companies Inc. lifted its stake in shares of IHS Markit by 5.4% in the first quarter. American Century Companies Inc. now owns 7,972,321 shares of the business services provider’s stock worth $433,535,000 after acquiring an additional 405,983 shares during the period. Finally, Pendal Group Ltd lifted its stake in shares of IHS Markit by 1.3% in the second quarter. Pendal Group Ltd now owns 6,112,637 shares of the business services provider’s stock worth $376,802,000 after acquiring an additional 80,593 shares during the period. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. BMO Capital Markets lifted their price objective on IHS Markit from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Piper Jaffray Companies lifted their price objective on IHS Markit from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, June 27th. Deutsche Bank lifted their price objective on IHS Markit from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. SunTrust Banks lifted their price objective on IHS Markit from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $63.36.

INFO traded up $0.29 during trading on Friday, hitting $67.86. The company’s stock had a trading volume of 121,421 shares, compared to its average volume of 1,791,109. IHS Markit Ltd has a twelve month low of $44.52 and a twelve month high of $68.88. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average price is $64.90 and its 200-day moving average price is $59.53. The firm has a market capitalization of $26.99 billion, a P/E ratio of 34.27, a PEG ratio of 2.83 and a beta of 0.82.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. IHS Markit’s revenue was up 12.6% compared to the same quarter last year. Equities research analysts expect that IHS Markit Ltd will post 2.13 EPS for the current fiscal year.

In other news, EVP Adam Jason Kansler sold 150,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 269,467 shares of the company’s stock, valued at $17,539,607.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sari Beth Granat sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $63.04, for a total transaction of $3,152,000.00. Following the completion of the sale, the executive vice president now directly owns 86,141 shares of the company’s stock, valued at $5,430,328.64. The disclosure for this sale can be found here. Insiders sold a total of 300,483 shares of company stock worth $19,436,699 over the last 90 days. Corporate insiders own 1.11% of the company’s stock.

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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