Markit Ltd. (INFO) EVP Jane L. Okun Bomba Sells 50,000 Shares
Markit Ltd. (NASDAQ:INFO) EVP Jane L. Okun Bomba sold 50,000 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $37.60, for a total value of $1,880,000.00. Following the completion of the transaction, the executive vice president now directly owns 295,426 shares in the company, valued at approximately $11,108,017.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Markit Ltd. (NASDAQ:INFO) opened at 37.00 on Wednesday. Markit Ltd. has a 12-month low of $26.01 and a 12-month high of $37.83. The stock has a market cap of $6.50 billion, a PE ratio of 57.90 and a beta of 0.94. The firm’s 50-day moving average price is $36.82 and its 200 day moving average price is $34.86.
Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, September 27th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $724.60 million for the quarter, compared to the consensus estimate of $557.90 million. Markit had a return on equity of 10.66% and a net margin of 4.06%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. Analysts anticipate that Markit Ltd. will post $1.75 EPS for the current year.
INFO has been the topic of several recent research reports. Bank of America Corp. initiated coverage on Markit in a research note on Friday, July 15th. They issued a “buy” rating and a $40.00 price objective on the stock. Royal Bank Of Canada raised Markit from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $36.00 to $42.00 in a research note on Thursday, July 21st. RBC Capital Markets raised Markit from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $36.00 to $42.00 in a research note on Thursday, July 21st. Morgan Stanley initiated coverage on Markit in a research note on Friday, July 15th. They issued an “underweight” rating on the stock. Finally, Zacks Investment Research raised Markit from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research note on Monday, September 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $39.08.
Markit Ltd. is a global diversified provider of financial information services. The Company provides pricing and reference data, indices, valuation and trading services, trade processing, enterprise software and managed services. The Company’s business is organized in three segments: Information, Processing and Solutions.
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