IHS Markit Ltd. (INFO) Insider Sells $577,445.82 in Stock

IHS Markit Ltd. (NASDAQ:INFO) insider Michael M. Easton sold 12,167 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $47.46, for a total value of $577,445.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of IHS Markit Ltd. (INFO) traded down $1.87 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. 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 $18,705.23, a PE ratio of 44.70, a price-to-earnings-growth 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 (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.10. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The company had revenue of $944.70 million for the quarter, compared to analyst estimates of $912.65 million. During the same quarter in the prior year, the firm posted $0.48 EPS. IHS Markit’s quarterly revenue was up 8.1% compared to the same quarter last year. analysts expect that IHS Markit Ltd. will post 1.84 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. State Treasurer State of Michigan raised its holdings in IHS Markit by 5.7% during the 3rd quarter. State Treasurer State of Michigan now owns 110,200 shares of the business services provider’s stock valued at $4,858,000 after buying an additional 5,900 shares during the period. Swiss National Bank raised its holdings in IHS Markit by 11.0% during the 3rd quarter. Swiss National Bank now owns 1,499,957 shares of the business services provider’s stock valued at $66,118,000 after buying an additional 149,200 shares during the period. Bank of New York Mellon Corp raised its holdings in IHS Markit by 8.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,442,648 shares of the business services provider’s stock valued at $107,672,000 after buying an additional 188,205 shares during the period. Kornitzer Capital Management Inc. KS raised its holdings in IHS Markit by 2.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 486,113 shares of the business services provider’s stock valued at $21,428,000 after buying an additional 12,625 shares during the period. Finally, AMP Capital Investors Ltd raised its holdings in IHS Markit by 18.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 212,779 shares of the business services provider’s stock valued at $9,378,000 after buying an additional 33,707 shares during the period. Institutional investors own 99.23% of the company’s stock.

Several analysts have recently issued reports on INFO shares. Goldman Sachs Group started coverage on IHS Markit in a report on Wednesday, November 8th. They set a “buy” rating and a $55.00 price objective on the stock. SunTrust Banks upped their price objective on IHS Markit to $48.00 and gave the stock a “hold” rating in a report on Tuesday, November 14th. William Blair cut IHS Markit from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 15th. Zacks Investment Research raised IHS Markit from a “strong sell” rating to a “hold” rating in a report on Thursday, November 16th. Finally, UBS Group decreased their price objective on IHS Markit from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. IHS Markit has a consensus rating of “Buy” and an average target price 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.

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

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