Shares of Markit Ltd. (NASDAQ:INFO) have been given a consensus rating of “Hold” by the nineteen brokerages that are presently covering the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $39.02.
Several equities analysts have commented on INFO shares. Macquarie started coverage on shares of Markit in a research report on Thursday, August 25th. They set a “neutral” rating and a $39.00 target price on the stock. Zacks Investment Research downgraded shares of Markit from a “buy” rating to a “sell” rating in a research report on Friday, September 30th. BMO Capital Markets increased their target price on shares of Markit from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. TheStreet raised Markit from a “hold” rating to a “buy” rating in a research report on Monday, June 20th. Finally, Robert W. Baird raised Markit from a “neutral” rating to an “outperform” rating and raised their price target for the company from $39.00 to $41.00 in a research report on Friday, September 16th.
In other Markit news, EVP Jane L. Okun Bomba sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were 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 $11,108,017.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Gear sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $36.00, for a total transaction of $540,000.00. Following the transaction, the executive vice president now owns 319,287 shares of the company’s stock, valued at approximately $11,494,332. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in Markit stock. BNP Paribas Arbitrage SA bought a new position in shares of Markit Ltd. (NASDAQ:INFO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,670 shares of the company’s stock, valued at approximately $551,000. 54.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Markit (NASDAQ:INFO) traded up 0.06% during mid-day trading on Thursday, reaching $36.28. The company’s stock had a trading volume of 645,748 shares. The firm has a market capitalization of $6.37 billion, a P/E ratio of 56.78 and a beta of 0.94. Markit has a 1-year low of $26.01 and a 1-year high of $37.83. The company’s 50-day moving average is $36.88 and its 200 day moving average is $34.96.
Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, September 27th. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $724.60 million for the quarter, compared to the consensus estimate of $557.90 million. Markit had a net margin of 4.06% and a return on equity of 6.18%. The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. On average, analysts expect that Markit will post $1.75 earnings per share for the current year.
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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