Markit to Acquire CoreOne Technologies
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Go back to Markit to Acquire CoreOne Technologies
August 14, 2015 9:33 AM EDT
UBS 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
August 12, 2015 7:29 AM EDT
Markit 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
August 12, 2015 7:29 AM EDT
Markit 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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