IHS Markit Ltd (INFO) CEO Sells $1,635,000.00 in Stock

IHS Markit Ltd (NASDAQ:INFO) CEO Lance Darrell Gordon Uggla sold 30,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $54.50, for a total value of $1,635,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

IHS Markit stock traded up $1.50 during midday trading on Tuesday, reaching $56.14. The stock had a trading volume of 1,270,938 shares, compared to its average volume of 1,796,346. IHS Markit Ltd has a twelve month low of $44.52 and a twelve month high of $57.69. The stock has a market capitalization of $22.47 billion, a P/E ratio of 28.35, a PEG ratio of 2.46 and a beta of 0.83. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61.

IHS Markit (NASDAQ:INFO) last issued its earnings results on Tuesday, March 26th. The business services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.15. IHS Markit had a return on equity of 9.80% and a net margin of 9.96%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that IHS Markit Ltd will post 2.12 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in IHS Markit by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 1,924,854 shares of the business services provider’s stock valued at $103,865,000 after acquiring an additional 155,469 shares during the last quarter. LPL Financial LLC raised its holdings in shares of IHS Markit by 12.8% during the third quarter. LPL Financial LLC now owns 10,429 shares of the business services provider’s stock worth $563,000 after acquiring an additional 1,187 shares during the period. Teachers Advisors LLC raised its holdings in shares of IHS Markit by 19.9% during the third quarter. Teachers Advisors LLC now owns 1,399,999 shares of the business services provider’s stock worth $75,544,000 after acquiring an additional 232,284 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of IHS Markit by 22.7% during the third quarter. TIAA CREF Investment Management LLC now owns 2,465,447 shares of the business services provider’s stock worth $133,036,000 after acquiring an additional 456,047 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of IHS Markit by 0.5% during the third quarter. Nordea Investment Management AB now owns 341,544 shares of the business services provider’s stock worth $18,429,000 after acquiring an additional 1,699 shares during the period. Hedge funds and other institutional investors own 97.61% of the company’s stock.

Several equities analysts have weighed in on INFO shares. Cantor Fitzgerald reissued a “hold” rating and set a $51.00 price target on shares of IHS Markit in a research report on Tuesday, January 15th. SunTrust Banks dropped their price target on IHS Markit to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 16th. They noted that the move was a valuation call. BMO Capital Markets decreased their price objective on IHS Markit to $58.00 and set an “outperform” rating on the stock in a report on Wednesday, January 16th. Zacks Investment Research upgraded IHS Markit from a “sell” rating to a “hold” rating in a report on Friday, January 18th. Finally, UBS Group raised their price objective on IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $58.86.

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About IHS Markit

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.

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