Today, 50,000 Shares of Markit Ltd. (INFO) Stock are sold by Jane L. Okun Bomba

Today, 50,000 Shares of Markit Ltd. (INFO) Stock are sold by Jane L. Okun Bomba

Markit Ltd. (NASDAQ:INFO) EVP Jane L. Okun Bomba sold 50,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 295,426 shares of the company’s stock, valued at approximately $11,108,017.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Markit Ltd. (NASDAQ:INFO) opened at 36.70 on Friday. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 57.43 and a beta of 0.94. Markit Ltd. has a 52-week low of $26.01 and a 52-week high of $37.83. The firm’s 50-day moving average is $36.88 and its 200 day moving average is $34.89.

Markit (NASDAQ:INFO) last released its earnings results on Tuesday, September 27th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business earned $724.60 million during 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 10.66%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. On average, equities research analysts anticipate that Markit Ltd. will post $1.75 earnings per share for the current year.

INFO has been the subject of a number of analyst reports. Deutsche Bank AG upgraded shares of Markit from a “hold” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $42.00 in a report on Friday, July 15th. Zacks Investment Research upgraded shares of Markit from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. BMO Capital Markets restated a “buy” rating and set a $41.00 price objective on shares of Markit in a report on Wednesday, September 28th. TheStreet cut shares of Markit from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Cantor Fitzgerald restated a “hold” rating on shares of Markit in a report on Friday, August 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $39.08.

A hedge fund recently bought a new stake in Markit stock. BNP Paribas Arbitrage SA acquired a new stake in Markit Ltd. (NASDAQ:INFO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,670 shares of the company’s stock, valued at approximately $551,000. 54.26% of the stock is owned by institutional investors.

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