IHS Markit Ltd. (NASDAQ:INFO) Vice Chairman Daniel Yergin sold 66,871 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $47.46, for a total value of $3,173,697.66. Following the completion of the sale, the insider now directly owns 338,776 shares of the company’s stock, valued at approximately $16,078,308.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
IHS Markit Ltd. (NASDAQ INFO) traded down $1.87 during trading hours on Monday, hitting $45.15. The stock had a trading volume of 4,855,137 shares, compared to its average volume of 2,469,706. The firm has a market cap of $18,705.23, a P/E ratio of 44.70, a PEG ratio of 2.19 and a beta of 0.83. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.45. IHS Markit Ltd. has a fifty-two week low of $37.82 and a fifty-two week high of $49.19.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. The business had revenue of $944.70 million during the quarter, compared to the consensus estimate of $912.65 million. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. equities analysts forecast that IHS Markit Ltd. will post 1.84 EPS for the current year.
A number of equities research analysts have commented on INFO shares. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, December 6th. Goldman Sachs Group started coverage on IHS Markit in a report on Wednesday, November 8th. They issued a “buy” rating and a $55.00 target price for the company. SunTrust Banks raised their target price on IHS Markit to $48.00 and gave the company a “hold” rating in a report on Tuesday, November 14th. Royal Bank of Canada reaffirmed a “buy” rating and set a $52.00 price target on shares of IHS Markit in a research note on Wednesday, December 20th. Finally, UBS Group cut their price target on IHS Markit from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $49.29.
Institutional investors have recently bought and sold shares of the stock. Zions Bancorporation purchased a new stake in IHS Markit during the 3rd quarter worth about $126,000. ETF Managers Group LLC purchased a new stake in IHS Markit during the 2nd quarter worth about $135,000. Huntington National Bank purchased a new stake in IHS Markit during the 3rd quarter worth about $173,000. Flinton Capital Management LLC purchased a new stake in IHS Markit during the 2nd quarter worth about $180,000. Finally, Highstreet Asset Management Inc. purchased a new stake in IHS Markit during the 3rd quarter worth about $205,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.
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.
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