Insider Selling: IHS Markit Ltd. (INFO) Insider Sells 12,167 Shares of Stock
IHS Markit Ltd. (NASDAQ:INFO) insider Michael M. Easton sold 12,167 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $47.46, for a total transaction of $577,445.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
IHS Markit Ltd. (NASDAQ:INFO) opened at $45.17 on Thursday. 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 twelve month low of $37.82 and a twelve month high of $49.19. The stock has a market cap of $18,215.92, a PE ratio of 27.42, a price-to-earnings-growth ratio of 2.13 and a beta of 0.83.
IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.10. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The firm had revenue of $944.70 million for the quarter, compared to analysts’ expectations of $912.65 million. During the same quarter last year, the company posted $0.48 earnings per share. IHS Markit’s revenue was up 8.1% on a year-over-year basis. equities analysts expect that IHS Markit Ltd. will post 1.84 EPS for the current fiscal year.
Several brokerages have recently commented on INFO. Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, December 6th. Goldman Sachs Group began coverage on shares of IHS Markit in a research report on Wednesday, November 8th. They set a “buy” rating and a $55.00 price target on the stock. SunTrust Banks reaffirmed a “buy” rating and set a $54.00 price target on shares of IHS Markit in a research report on Wednesday, January 17th. UBS Group cut their target price on shares of IHS Markit from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, November 17th. Finally, William Blair cut shares of IHS Markit from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.29.
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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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