Virginia Retirement Systems ET AL Takes Position in IHS Inc. (IHS)
Virginia Retirement Systems ET AL purchased a new position in IHS Inc. (NYSE:IHS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 35,900 shares of the company’s stock, valued at approximately $4,150,000.
Other large investors have also recently modified their holdings of the company. Westpac Banking Corp increased its stake in shares of IHS by 24.7% in the second quarter. Westpac Banking Corp now owns 4,221 shares of the company’s stock worth $488,000 after buying an additional 837 shares during the period. Mizuho Asset Management Co. Ltd. increased its stake in shares of IHS by 500.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,128 shares of the company’s stock worth $362,000 after buying an additional 2,607 shares during the period. Prudential Financial Inc. increased its stake in shares of IHS by 5.1% in the second quarter. Prudential Financial Inc. now owns 4,561 shares of the company’s stock worth $527,000 after buying an additional 220 shares during the period. Teacher Retirement System of Texas increased its stake in shares of IHS by 4.3% in the second quarter. Teacher Retirement System of Texas now owns 27,866 shares of the company’s stock worth $3,222,000 after buying an additional 1,157 shares during the period. Finally, Denver Investment Advisors LLC increased its stake in shares of IHS by 1.6% in the second quarter. Denver Investment Advisors LLC now owns 76,431 shares of the company’s stock worth $8,836,000 after buying an additional 1,216 shares during the period.
IHS Inc. (NYSE:IHS) opened at 117.25 on Wednesday. The stock’s 50 day moving average is $117.02 and its 200-day moving average is $113.73. IHS Inc. has a 52-week low of $92.59 and a 52-week high of $129.75.
IHS (NYSE:IHS) last released its quarterly earnings data on Tuesday, June 28th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.12. The firm earned $588 million during the quarter. During the same quarter in the prior year, the company earned $1.50 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that IHS Inc. will post $6.25 EPS for the current fiscal year.
A number of brokerages have recently commented on IHS. Zacks Investment Research upgraded shares of IHS from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Wednesday, July 6th. Robert W. Baird reiterated a “neutral” rating and set a $122.00 price target (down from $132.00) on shares of IHS in a report on Thursday, June 30th. Argus restated a “hold” rating on shares of IHS in a report on Wednesday, June 29th. Finally, Cantor Fitzgerald restated a “hold” rating on shares of IHS in a report on Thursday, June 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $124.31.
In related news, Vice Chairman Daniel Yergin sold 12,445 shares of the stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $114.79, for a total value of $1,428,561.55. Following the transaction, the insider now owns 94,229 shares in the company, valued at $10,816,546.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
IHS Company Profile
IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings.
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