Markit Ltd. (INFO) Vice Chairman Daniel Yergin Sells 50,528 Shares of Stock
Markit Ltd. (NASDAQ:INFO) Vice Chairman Daniel Yergin sold 50,528 shares of the stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $37.49, for a total transaction of $1,894,294.72. Following the sale, the insider now directly owns 492,509 shares of the company’s stock, valued at $18,464,162.41. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Markit Ltd. (NASDAQ:INFO) opened at 36.75 on Thursday. The company has a market capitalization of $6.46 billion, a P/E ratio of 57.51 and a beta of 0.94. Markit Ltd. has a 52-week low of $26.01 and a 52-week high of $37.83. The stock’s 50 day moving average price is $36.86 and its 200 day moving average price is $34.88.
Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, September 27th. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The business earned $724.60 million during the quarter, compared to analysts’ expectations of $557.90 million. Markit had a return on equity of 10.66% and a net margin of 4.06%. The business’s revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. On average, equities research analysts forecast that Markit Ltd. will post $1.75 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Markit stock. BNP Paribas Arbitrage SA purchased a new stake in Markit Ltd. (NASDAQ:INFO) during the third quarter, according to its most recent disclosure with the SEC. The fund purchased 14,670 shares of the company’s stock, valued at approximately $551,000. Hedge funds and other institutional investors own 54.26% of the company’s stock.
A number of equities research analysts have issued reports on INFO shares. TheStreet raised shares of Markit from a “hold” rating to a “buy” rating in a report on Monday, June 20th. Royal Bank Of Canada increased their target price on Markit from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 29th. Zacks Investment Research upgraded Markit from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Stifel Nicolaus downgraded Markit from a “buy” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, Bank of America Corp. assumed coverage on Markit in a research report on Friday, July 15th. They set a “buy” rating and a $40.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus 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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