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.