IHS (NYSE:IHS) EVP Mohamad Darwish Sells 27,972 Shares

IHS Holding Limited (NYSE:IHS) EVP Mohamad Darwish sold 27,972 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $8.24, for a total transaction of $230,489.28. Following the completion of the transaction, the executive vice president owned 299,400 shares in the company, valued at approximately $2,467,056. The trade was a 8.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.

Mohamad Darwish also recently made the following trade(s):

• On Wednesday, March 18th, Mohamad Darwish sold 16,153 shares of IHS stock. The shares were sold at an average price of $8.18, for a total transaction of $132,131.54.

IHS Trading Up 0.1%

IHS stock traded up $0.01 during midday trading on Wednesday, hitting $8.26. The stock had a trading volume of 1,043,438 shares, compared to its average volume of 2,000,479. The firm has a market cap of $2.77 billion, a P/E ratio of 20.14 and a beta of 0.81. The company has a current ratio of 2.08, a quick ratio of 2.05 and a debt-to-equity ratio of 96.14. IHS Holding Limited has a 1-year low of $4.20 and a 1-year high of $8.95. The business has a fifty day moving average price of $8.17 and a two-hundred day moving average price of $7.43.

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

Institutional Investors Weigh In On IHS

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Helikon Investments Ltd raised its holdings in shares of IHS by 81.2% in the 4th quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock worth $65,501,000 after acquiring an additional 3,934,727 shares during the last quarter. Quaker Capital Investments LLC raised its holdings in shares of IHS by 7.2% in the 4th quarter. Quaker Capital Investments LLC now owns 4,683,904 shares of the business services provider’s stock worth $34,942,000 after acquiring an additional 314,501 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of IHS by 0.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,321,835 shares of the business services provider’s stock worth $24,781,000 after acquiring an additional 21,468 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of IHS by 1.7% in the 4th quarter. BNP Paribas Financial Markets now owns 2,540,472 shares of the business services provider’s stock worth $18,952,000 after acquiring an additional 42,374 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of IHS by 39.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,557,264 shares of the business services provider’s stock worth $10,621,000 after acquiring an additional 443,837 shares during the last quarter. Institutional investors and hedge funds own 17.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of IHS from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 14th. New Street Research lowered shares of IHS from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Williams Trading set a $8.50 price objective on shares of IHS in a report on Wednesday, February 18th. TD Cowen lowered shares of IHS from a “buy” rating to a “hold” rating and dropped their price objective for the company from $17.00 to $8.50 in a report on Wednesday, February 18th. Finally, Weiss Ratings lowered shares of IHS from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.61.

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