IHS Markit Ltd. (NASDAQ:INFO) President Lance Darrell Gordon Uggla sold 112,162 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $47.27, for a total transaction of $5,301,897.74. Following the sale, the president now owns 461,344 shares in the company, valued at $21,807,730.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

IHS Markit Ltd. (NASDAQ:INFO) traded up 0.77% on Friday, hitting $44.27. 1,423,987 shares of the stock were exchanged. IHS Markit Ltd. has a 52-week low of $31.90 and a 52-week high of $47.92. The company has a 50-day moving average price of $45.76 and a 200-day moving average price of $41.36. The firm has a market cap of $17.69 billion, a PE ratio of 81.83 and a beta of 0.86.

IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, June 27th. The business services provider reported $0.52 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. IHS Markit had a return on equity of 7.33% and a net margin of 6.66%. The company had revenue of $906.10 million during the quarter, compared to analyst estimates of $897.80 million. The business’s revenue was up 54.1% compared to the same quarter last year. On average, equities research analysts anticipate that IHS Markit Ltd. will post $2.06 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This report was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/07/07/insider-selling-ihs-markit-ltd-info-president-sells-112162-shares-of-stock.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of IHS Markit by 2,428.1% in the first quarter. BlackRock Inc. now owns 10,169,681 shares of the business services provider’s stock valued at $426,616,000 after buying an additional 9,767,408 shares during the last quarter. FMR LLC raised 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 valued at $609,160,000 after buying an additional 5,352,565 shares during the last quarter. American Century Companies Inc. raised its position in shares of IHS Markit by 98.8% in the first quarter. American Century Companies Inc. now owns 5,405,976 shares of the business services provider’s stock valued at $226,781,000 after buying an additional 2,686,353 shares during the last quarter. Principal Financial Group Inc. raised 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 valued at $248,005,000 after buying an additional 2,654,794 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of IHS Markit by 534.0% in the first quarter. Legal & General Group Plc now owns 1,423,519 shares of the business services provider’s stock valued at $59,717,000 after buying an additional 1,198,981 shares during the last quarter. 97.88% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on INFO shares. BMO Capital Markets reiterated a “buy” rating on shares of IHS Markit in a research note on Thursday, April 27th. Deutsche Bank AG reiterated a “buy” rating and set a $50.00 price objective (up from $44.00) on shares of IHS Markit in a research note on Wednesday, March 29th. Stifel Nicolaus increased their price objective on shares of IHS Markit from $38.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $41.00 price objective on shares of IHS Markit in a research note on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. IHS Markit currently has an average rating of “Hold” and a consensus price target of $43.00.

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.

Insider Buying and Selling by Quarter for IHS Markit (NASDAQ:INFO)

Receive News & Ratings for IHS Markit Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.