IHS Markit Ltd (NASDAQ:INFO) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank trimmed its holdings in IHS Markit Ltd (NASDAQ:INFO) by 9.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,123 shares of the business services provider’s stock after selling 25,339 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of IHS Markit worth $14,850,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its position in IHS Markit by 2.3% in the 1st quarter. BlackRock Inc. now owns 23,774,744 shares of the business services provider’s stock valued at $1,292,870,000 after buying an additional 530,438 shares during the last quarter. Edgewood Management LLC grew its position in IHS Markit by 1.0% in the 2nd quarter. Edgewood Management LLC now owns 18,697,230 shares of the business services provider’s stock valued at $1,191,388,000 after buying an additional 181,115 shares during the last quarter. Clearbridge Investments LLC grew its position in IHS Markit by 24.0% in the 1st quarter. Clearbridge Investments LLC now owns 8,222,320 shares of the business services provider’s stock valued at $447,130,000 after buying an additional 1,591,992 shares during the last quarter. American Century Companies Inc. grew its position in IHS Markit by 5.4% in the 1st quarter. American Century Companies Inc. now owns 7,972,321 shares of the business services provider’s stock valued at $433,535,000 after buying an additional 405,983 shares during the last quarter. Finally, Pendal Group Ltd grew its position in IHS Markit by 1.3% in the 2nd quarter. Pendal Group Ltd now owns 6,112,637 shares of the business services provider’s stock valued at $376,802,000 after buying an additional 80,593 shares during the last quarter. 96.18% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ INFO traded up $0.29 during trading on Friday, hitting $67.86. 1,821,079 shares of the company were exchanged, compared to its average volume of 1,791,768. The company has a market cap of $27.22 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.83 and a beta of 0.82. IHS Markit Ltd has a 1 year low of $44.52 and a 1 year high of $68.88. The firm’s fifty day moving average price is $64.95 and its 200 day moving average price is $59.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.66 and a quick ratio of 0.66.

IHS Markit (NASDAQ:INFO) last issued its earnings results on Wednesday, June 26th. The business services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.65 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. IHS Markit had a net margin of 10.49% and a return on equity of 10.13%. The business’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. On average, research analysts forecast that IHS Markit Ltd will post 2.13 earnings per share for the current year.

A number of equities analysts recently weighed in on the stock. Canaccord Genuity assumed coverage on shares of IHS Markit in a research report on Thursday. They issued a “buy” rating and a $78.00 price objective on the stock. 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. BidaskClub lowered shares of IHS Markit from a “strong-buy” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets lifted 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. Finally, Cantor Fitzgerald lifted 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. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $63.36.

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 (NASDAQ:INFO)

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