TIAA CREF Investment Management LLC Has $76.33 Million Stake in IHS Markit Ltd (INFO)

TIAA CREF Investment Management LLC Has $76.33 Million Stake in IHS Markit Ltd (INFO)

Other institutional investors have also recently bought and sold shares of the company. Artisan Partners Limited Partnership increased its position in IHS Markit by 7.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 43,393,572 shares of the business services provider’s stock worth $1,536,566,000 after buying an additional 3,053,597 shares during the period. FMR LLC boosted its position in shares of IHS Markit by 58.4% in the first quarter. FMR LLC now owns 14,521,091 shares of the business services provider’s stock worth $609,160,000 after buying an additional 5,352,565 shares in the last quarter. General Atlantic LLC acquired a new position in shares of IHS Markit during the fourth quarter worth about $470,034,000. Janus Capital Management LLC boosted its position in shares of IHS Markit by 3.5% in the fourth quarter. Janus Capital Management LLC now owns 7,842,888 shares of the business services provider’s stock worth $277,717,000 after buying an additional 263,373 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of IHS Markit by 81.5% in the first quarter. Principal Financial Group Inc. now owns 5,911,921 shares of the business services provider’s stock worth $248,005,000 after buying an additional 2,654,794 shares in the last quarter. Institutional investors and hedge funds own 91.47% of the company’s stock.

TIAA CREF Investment Management LLC boosted its position in IHS Markit Ltd (NASDAQ:INFO) by 19.1% during the first quarter, Holdings Channel reports. The firm owned 1,819,558 shares of the business services provider’s stock after buying an additional 291,598 shares during the period. TIAA CREF Investment Management LLC’s holdings in IHS Markit were worth $76,330,000 as of its most recent SEC filing.

Shares of IHS Markit Ltd (NASDAQ:INFO) opened at 46.28 on Wednesday. The firm’s 50 day moving average is $43.78 and its 200-day moving average is $39.68. IHS Markit Ltd has a 52 week low of $30.38 and a 52 week high of $47.06. The firm has a market cap of $18.80 billion, a price-to-earnings ratio of 96.02 and a beta of 0.90.

IHS Markit (NASDAQ:INFO) last released its earnings results on Tuesday, March 28th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.11. The business had revenue of $844.20 million during the quarter, compared to the consensus estimate of $843.35 million. IHS Markit had a net margin of 4.94% and a return on equity of 6.57%. The firm’s quarterly revenue was up 53.9% compared to the same quarter last year. Equities research analysts predict that IHS Markit Ltd will post $2.06 EPS for the current year.

INFO has been the topic of a number of recent research reports. TheStreet raised shares of IHS Markit from a “c+” rating to a “b-” rating in a report on Friday, February 17th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $48.00 price target on shares of IHS Markit in a report on Tuesday, March 21st. Cantor Fitzgerald reaffirmed a “hold” rating on shares of IHS Markit in a report on Tuesday, March 7th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a $43.00 price target (up previously from $40.00) on shares of IHS Markit in a report on Wednesday, March 29th. Finally, Zacks Investment Research cut IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.86.

In related news, EVP Adam Jason Kansler sold 56,174 shares of the firm’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $44.00, for a total value of $2,471,656.00. Following the completion of the transaction, the executive vice president now owns 162,307 shares of the company’s stock, valued at $7,141,508. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Yaacov Mutnikas sold 80,000 shares of the firm’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $41.88, for a total transaction of $3,350,400.00. Following the completion of the transaction, the executive vice president now directly owns 95,823 shares of the company’s stock, valued at approximately $4,013,067.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,846,174 shares of company stock valued at $123,269,256.

About IHS Markit

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:INFO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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