Insider Selling: IHS Markit Ltd (INFO) CEO Sells 80,000 Shares of Stock

IHS Markit Ltd (NASDAQ:INFO) CEO Lance Darrell Gordon Uggla sold 80,000 shares of the stock in a transaction on Monday, April 9th. The shares were sold at an average price of $48.36, for a total transaction of $3,868,800.00. Following the transaction, the chief executive officer now directly owns 806,023 shares in the company, valued at approximately $38,979,272.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Lance Darrell Gordon Uggla also recently made the following trade(s):

  • On Friday, April 6th, Lance Darrell Gordon Uggla sold 40,000 shares of IHS Markit stock. The shares were sold at an average price of $48.41, for a total transaction of $1,936,400.00.

Shares of INFO opened at $48.35 on Thursday. The firm has a market cap of $19,175.66, a price-to-earnings ratio of 28.78, a PEG ratio of 2.24 and a beta of 0.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.79 and a quick ratio of 0.79. IHS Markit Ltd has a twelve month low of $42.07 and a twelve month high of $50.00.



IHS Markit (NASDAQ:INFO) last announced its quarterly earnings results on Tuesday, March 27th. The business services provider reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The business had revenue of $932.10 million during the quarter, compared to analysts’ expectations of $906.91 million. IHS Markit had a net margin of 16.06% and a return on equity of 9.33%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. equities research analysts forecast that IHS Markit Ltd will post 1.84 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. AMP Capital Investors Ltd boosted its position in IHS Markit by 18.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 212,779 shares of the business services provider’s stock valued at $9,378,000 after buying an additional 33,707 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of IHS Markit by 23.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,936,881 shares of the business services provider’s stock worth $177,750,000 after purchasing an additional 737,185 shares during the period. American International Group Inc. lifted its position in shares of IHS Markit by 27.7% in the 4th quarter. American International Group Inc. now owns 156,617 shares of the business services provider’s stock worth $7,071,000 after purchasing an additional 33,997 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of IHS Markit in the 4th quarter worth about $11,839,000. Finally, Wells Fargo & Company MN lifted its position in shares of IHS Markit by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,717,478 shares of the business services provider’s stock worth $77,546,000 after purchasing an additional 5,907 shares during the period. 97.13% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on INFO shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $52.00 target price on shares of IHS Markit in a report on Wednesday, December 20th. Zacks Investment Research lowered shares of IHS Markit from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Wednesday, January 3rd. BidaskClub raised shares of IHS Markit from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Stifel Nicolaus reaffirmed a “hold” rating on shares of IHS Markit in a report on Tuesday, January 16th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $54.00 target price on shares of IHS Markit in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. IHS Markit presently has an average rating of “Buy” and a consensus price target of $52.31.

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About IHS Markit

IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.

Insider Buying and Selling by Quarter for IHS Markit (NASDAQ:INFO)

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