IHS Markit Ltd (INFO) CEO Sells $3,883,200.00 in Stock

IHS Markit Ltd (NASDAQ:INFO) CEO Lance Darrell Gordon Uggla sold 80,000 shares of the firm’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $48.54, for a total value of $3,883,200.00. Following the completion of the sale, the chief executive officer now directly owns 662,628 shares in the company, valued at $32,163,963.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

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  • On Tuesday, April 17th, Lance Darrell Gordon Uggla sold 140,000 shares of IHS Markit stock. The stock was sold at an average price of $48.94, for a total value of $6,851,600.00.
  • On Wednesday, April 11th, Lance Darrell Gordon Uggla sold 80,000 shares of IHS Markit stock. The stock was sold at an average price of $48.41, for a total value of $3,872,800.00.
  • On Friday, April 6th, Lance Darrell Gordon Uggla sold 40,000 shares of IHS Markit stock. The stock was sold at an average price of $48.41, for a total value of $1,936,400.00.
  • On Monday, April 9th, Lance Darrell Gordon Uggla sold 80,000 shares of IHS Markit stock. The stock was sold at an average price of $48.36, for a total value of $3,868,800.00.

IHS Markit stock opened at $49.39 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51. The company has a market cap of $19,092.75, a price-to-earnings ratio of 29.40, a PEG ratio of 2.28 and a beta of 0.78. IHS Markit Ltd has a fifty-two week low of $42.40 and a fifty-two week high of $50.00.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Rehmann Capital Advisory Group bought a new stake in shares of IHS Markit in the 4th quarter worth approximately $261,000. Xact Kapitalforvaltning AB boosted its position in shares of IHS Markit by 4.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 79,356 shares of the business services provider’s stock worth $3,583,000 after purchasing an additional 3,630 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of IHS Markit by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 134,621 shares of the business services provider’s stock worth $6,077,000 after purchasing an additional 2,251 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of IHS Markit by 10.7% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 233,192 shares of the business services provider’s stock worth $10,529,000 after purchasing an additional 22,465 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of IHS Markit by 56.4% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 22,179 shares of the business services provider’s stock worth $1,001,000 after purchasing an additional 8,000 shares in the last quarter. 99.16% of the stock is currently owned by hedge funds and other institutional investors.

INFO has been the topic of several research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $53.00 price objective on shares of IHS Markit in a research report on Wednesday, March 28th. SunTrust Banks reaffirmed a “buy” rating and set a $54.00 price objective on shares of IHS Markit in a research report on Wednesday, January 17th. Zacks Investment Research cut IHS Markit from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. UBS lifted their price objective on IHS Markit from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, March 28th. Finally, Morgan Stanley lifted their price objective on IHS Markit from $43.00 to $44.00 and gave the company an “underweight” rating in a research report on Wednesday, March 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price 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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