IHS Markit Ltd (NASDAQ:INFO) EVP Sari Beth Granat sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $65.00, for a total value of $1,625,000.00. Following the transaction, the executive vice president now directly owns 61,141 shares in the company, valued at approximately $3,974,165. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sari Beth Granat also recently made the following trade(s):

  • On Friday, June 28th, Sari Beth Granat sold 50,000 shares of IHS Markit stock. The stock was sold at an average price of $63.04, for a total value of $3,152,000.00.

Shares of INFO opened at $65.57 on Friday. IHS Markit Ltd has a fifty-two week low of $44.52 and a fifty-two week high of $65.68. The firm has a market capitalization of $26.30 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 2.83 and a beta of 0.82. The business’s 50-day simple moving average is $60.76. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.58.

IHS Markit (NASDAQ:INFO) last announced its earnings results on Wednesday, June 26th. The business services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. IHS Markit had a net margin of 10.49% and a return on equity of 10.13%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts forecast that IHS Markit Ltd will post 2.13 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in INFO. Nisa Investment Advisors LLC lifted its position in shares of IHS Markit by 0.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 58,545 shares of the business services provider’s stock valued at $3,730,000 after acquiring an additional 280 shares during the period. CENTRAL TRUST Co lifted its position in shares of IHS Markit by 46.9% during the 2nd quarter. CENTRAL TRUST Co now owns 12,810 shares of the business services provider’s stock valued at $838,000 after acquiring an additional 4,090 shares during the period. NN Investment Partners Holdings N.V. lifted its position in shares of IHS Markit by 31.4% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 162,651 shares of the business services provider’s stock valued at $10,363,000 after acquiring an additional 38,864 shares during the period. Xact Kapitalforvaltning AB lifted its position in shares of IHS Markit by 5.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 74,445 shares of the business services provider’s stock valued at $4,744,000 after acquiring an additional 3,707 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of IHS Markit during the 2nd quarter valued at approximately $262,000. Institutional investors and hedge funds own 96.18% of the company’s stock.

INFO has been the topic of several research reports. Morgan Stanley raised their price objective on Ollie’s Bargain Outlet from $74.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. BMO Capital Markets initiated coverage on Encompass Health in a report on Thursday, June 27th. They set an “outperform” rating and a $72.00 price objective on the stock. Piper Jaffray Companies lowered Pioneer Energy Services from an “overweight” rating to a “neutral” rating in a report on Thursday, June 27th. Cantor Fitzgerald lowered Arrowhead Pharmaceuticals from an “overweight” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a report on Thursday, June 27th. Finally, Zacks Investment Research lowered IQIYI from a “hold” rating to a “sell” rating in a report on Friday, March 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.85.

IHS Markit Company Profile

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.

Further Reading: Liquidity

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

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