Markit Ltd. (NASDAQ:INFO) EVP Jane L. Okun Bomba sold 50,000 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $37.60, for a total transaction of $1,880,000.00. Following the completion of the transaction, the executive vice president now owns 295,426 shares in the company, valued at approximately $11,108,017.60. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Markit Ltd. (NASDAQ:INFO) opened at 36.75 on Thursday. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 57.51 and a beta of 0.94. The company has a 50-day moving average of $36.86 and a 200 day moving average of $34.88. Markit Ltd. has a 12-month low of $26.01 and a 12-month high of $37.83.
Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, September 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Markit had a return on equity of 10.66% and a net margin of 4.06%. The company had revenue of $724.60 million for the quarter, compared to analyst estimates of $557.90 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. Analysts predict that Markit Ltd. will post $1.75 earnings per share for the current year.
An institutional investor recently bought a new position in Markit stock. BNP Paribas Arbitrage SA bought a new stake in shares of Markit Ltd. (NASDAQ:INFO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,670 shares of the company’s stock, valued at approximately $551,000. 54.26% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on INFO shares. Bank of America Corp. started coverage on shares of Markit in a research note on Friday, July 15th. They issued a “buy” rating and a $40.00 price target on the stock. Royal Bank Of Canada upgraded shares of Markit from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $36.00 to $42.00 in a research note on Thursday, July 21st. RBC Capital Markets upgraded shares of Markit from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $36.00 to $42.00 in a research note on Thursday, July 21st. Morgan Stanley started coverage on shares of Markit in a research note on Friday, July 15th. They issued an “underweight” rating on the stock. Finally, Zacks Investment Research upgraded shares of Markit from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research note on Monday, September 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Markit presently has an average rating of “Hold” and an average price target of $39.08.
Markit Company Profile
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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