IHS Markit Ltd. (NASDAQ:INFO) EVP Adam Jason Kansler sold 50,000 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $48.00, for a total transaction of $2,400,000.00. Following the completion of the transaction, the executive vice president now directly owns 146,612 shares in the company, valued at $7,037,376. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
IHS Markit Ltd. (NASDAQ:INFO) opened at $48.51 on Wednesday. IHS Markit Ltd. has a 52-week low of $37.82 and a 52-week high of $48.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $19,294.47, a price-to-earnings ratio of 48.03, a price-to-earnings-growth ratio of 2.32 and a beta of 0.83.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, January 16th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.10. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The company had revenue of $944.70 million for the quarter, compared to the consensus estimate of $912.65 million. During the same period last year, the firm posted $0.48 EPS. IHS Markit’s revenue for the quarter was up 8.1% on a year-over-year basis. equities analysts anticipate that IHS Markit Ltd. will post 1.84 earnings per share for the current fiscal year.
INFO has been the topic of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $45.00 target price on shares of IHS Markit in a research report on Tuesday, September 26th. Royal Bank of Canada lowered their price objective on shares of IHS Markit from $50.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 27th. Morgan Stanley lowered their price objective on shares of IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 27th. BMO Capital Markets reissued an “outperform” rating and set a $50.00 price objective (down from $52.00) on shares of IHS Markit in a research report on Wednesday, September 27th. Finally, Bank of America lowered their price objective on shares of IHS Markit from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $49.29.
ILLEGAL ACTIVITY WARNING: “Adam Jason Kansler Sells 50,000 Shares of IHS Markit Ltd. (INFO) Stock” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.com-unik.info/2018/01/24/adam-jason-kansler-sells-50000-shares-of-ihs-markit-ltd-info-stock.html.
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.
Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.