Markit Ltd. (INFO) Sets New 12-Month High at $37.50
Markit Ltd. (NASDAQ:INFO) hit a new 52-week high during trading on Thursday . The company traded as high as $37.50 and last traded at $36.87, with a volume of 927,113 shares changing hands. The stock had previously closed at $37.32.
A number of analysts have recently issued reports on INFO shares. Deutsche Bank AG upgraded Markit to a “buy” rating in a report on Sunday, July 17th. William Blair restated an “outperform” rating on shares of Markit in a report on Sunday, July 17th. BMO Capital Markets restated a “buy” rating and issued a $41.00 target price on shares of Markit in a report on Monday, July 18th. Zacks Investment Research upgraded Markit from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Cantor Fitzgerald restated a “hold” rating on shares of Markit in a report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $38.63.
The firm has a market cap of $6.59 billion and a PE ratio of 58.69. The firm’s 50-day moving average price is $35.74 and its 200-day moving average price is $33.46.
In other news, Director William E. Ford sold 7,001,911 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $35.69, for a total value of $249,898,203.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michele Louise Trogni sold 7,150 shares of the business’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $35.66, for a total transaction of $254,969.00. Following the completion of the sale, the executive vice president now owns 53,138 shares of the company’s stock, valued at $1,894,901.08. The disclosure for this sale can be found here.
Markit Ltd. is a global diversified provider of financial information services. The Company provides pricing and reference data, indices, valuation and trading services, trade processing, enterprise software and managed services. The Company’s business is organized in three segments: Information, Processing and Solutions.
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