Insider Selling: IHS (NYSE:IHS) EVP Sells 49,212 Shares of Stock

IHS Holding Limited (NYSE:IHS) EVP Stephen Howden sold 49,212 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $8.25, for a total value of $405,999.00. Following the transaction, the executive vice president directly owned 314,912 shares of the company’s stock, valued at $2,598,024. The trade was a 13.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

IHS Price Performance

Shares of IHS stock traded up $0.01 during mid-day trading on Wednesday, reaching $8.26. 1,043,438 shares of the stock traded hands, compared to its average volume of 2,000,479. The business has a 50-day moving average of $8.17 and a 200 day moving average of $7.43. IHS Holding Limited has a fifty-two week low of $4.20 and a fifty-two week high of $8.95. The stock has a market capitalization of $2.77 billion, a PE ratio of 20.14 and a beta of 0.81. The company has a quick ratio of 2.05, a current ratio of 2.08 and a debt-to-equity ratio of 96.14.

IHS (NYSE:IHS) last announced its earnings results on Saturday, February 14th. The business services provider reported ($0.23) EPS for the quarter. IHS had a net margin of 8.12% and a negative return on equity of 661.41%. The firm had revenue of $397.80 million for the quarter. On average, analysts predict that IHS Holding Limited will post -5.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IHS. Weiss Ratings lowered IHS from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, March 23rd. Zacks Research lowered IHS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. New Street Research lowered IHS from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Williams Trading set a $8.50 price target on IHS in a report on Wednesday, February 18th. Finally, TD Cowen lowered IHS from a “buy” rating to a “hold” rating and reduced their price target for the stock from $17.00 to $8.50 in a report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.61.

Institutional Investors Weigh In On IHS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IHS. Quantbot Technologies LP increased its stake in IHS by 647.6% during the second quarter. Quantbot Technologies LP now owns 68,437 shares of the business services provider’s stock worth $381,000 after acquiring an additional 59,283 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in IHS by 457.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock worth $6,191,000 after acquiring an additional 913,549 shares during the last quarter. Walleye Capital LLC increased its stake in IHS by 74.8% during the second quarter. Walleye Capital LLC now owns 342,376 shares of the business services provider’s stock worth $1,904,000 after acquiring an additional 146,500 shares during the last quarter. Marshall Wace LLP increased its stake in IHS by 94.6% during the second quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock worth $7,008,000 after acquiring an additional 612,852 shares during the last quarter. Finally, Jump Financial LLC increased its stake in IHS by 227.3% during the second quarter. Jump Financial LLC now owns 322,061 shares of the business services provider’s stock worth $1,791,000 after acquiring an additional 223,661 shares during the last quarter. Institutional investors and hedge funds own 17.54% of the company’s stock.

About IHS

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. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.