Markit to Acquire CoreOne Technologies
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UBS Raises Price Target on Markit Ltd. (MRKT) Following Recent Stock Surge
August 14, 2015 9:33 AM EDTUBS reiterated a Neutral rating on Markit Ltd. (NASDAQ: MRKT), and raised the price target to $31.00 (from $28.00), following recent stock surge. Analyst Alex Kramm said that shares have outperformed since the release, which revealed that Processing margins have not (and will not) contract as much as previously expected. The recent price action means decent... More
Markit Ltd. (MRKT) to Acquire CoreOne Technologies in $200M Deal
August 12, 2015 7:29 AM EDTMarkit Ltd. (NASDAQ: MRKT) has agreed to acquire CoreOne Technologies, a global leading provider of regulatory reporting, index management, data management and prime brokerage services to financial institutions.
Lance Uggla, chairman and chief executive officer of Markit, said: CoreOne is a great fit for Markit. Im delighted to announce our acquisition of a highly regarded company with a dynamic, entrepreneurial culture similar to Markit. Their services will strengthen our offerings and will allow us... More
Markit Ltd. (MRKT) Tops Q2 EPS by 1c
August 12, 2015 7:29 AM EDTMarkit Ltd. (NASDAQ: MRKT) reported Q2 EPS of $0.36, $0.01 better than the analyst estimate of $0.35. Revenue for the quarter came in at $273.1 million versus the consensus estimate of $269.94 million.
For earnings history and earnings-related data on Markit Ltd. (MRKT) click here.
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