IHS Markit Ltd (INFO) CEO Lance Darrell Gordon Uggla Sells 140,000 Shares of Stock

IHS Markit Ltd (NASDAQ:INFO) CEO Lance Darrell Gordon Uggla sold 140,000 shares of IHS Markit stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $48.94, for a total transaction of $6,851,600.00. Following the completion of the transaction, the chief executive officer now directly owns 546,023 shares of the company’s stock, valued at $26,722,365.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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  • On Friday, April 13th, Lance Darrell Gordon Uggla sold 80,000 shares of IHS Markit stock. The stock was sold at an average price of $48.54, for a total transaction of $3,883,200.00.
  • 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 transaction 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 transaction 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 transaction of $3,868,800.00.

Shares of INFO stock opened at $49.39 on Thursday. IHS Markit Ltd has a 52 week low of $42.40 and a 52 week high of $50.00. The company has a market capitalization of $19,214.06, a PE ratio of 27.74, a P/E/G ratio of 2.29 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 (NASDAQ:INFO) last announced 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 net margin of 16.06% and a return on equity of 9.33%. The firm had revenue of $932.10 million during the quarter, compared to analyst estimates of $906.91 million. During the same period in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. equities research analysts anticipate that IHS Markit Ltd will post 1.84 EPS for the current fiscal year.

INFO has been the subject of several recent analyst reports. Wells Fargo lifted their target price on shares of IHS Markit from $55.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, March 28th. BidaskClub raised shares of IHS Markit from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 13th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $55.00 target price on shares of IHS Markit in a report on Friday, January 19th. Zacks Investment Research cut shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, Cantor Fitzgerald lifted their target price on shares of IHS Markit from $47.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, March 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.31.

Hedge funds have recently made changes to their positions in the company. Capital One National Association bought a new stake in shares of IHS Markit in the fourth quarter worth approximately $211,000. Tower Research Capital LLC TRC grew its stake in shares of IHS Markit by 779.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,094 shares of the business services provider’s stock worth $230,000 after acquiring an additional 4,515 shares during the period. ETRADE Capital Management LLC bought a new stake in IHS Markit during the fourth quarter valued at approximately $247,000. Rehmann Capital Advisory Group bought a new stake in IHS Markit during the fourth quarter valued at approximately $261,000. Finally, Conning Inc. bought a new stake in IHS Markit during the fourth quarter valued at approximately $262,000. Hedge funds and other institutional investors own 99.16% of the company’s stock.

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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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