IHS (NYSE:IHS) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

IHS Holding Limited (NYSE:IHS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.80 and traded as high as $8.39. IHS shares last traded at $8.3150, with a volume of 774,558 shares traded.

Wall Street Analysts Forecast Growth

IHS has been the topic of several recent research reports. Williams Trading set a $8.50 target price on IHS in a report on Wednesday, February 18th. New Street Research downgraded IHS from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 19th. Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, TD Cowen downgraded IHS from a “buy” rating to a “hold” rating and cut their target price for the stock from $17.00 to $8.50 in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, IHS currently has a consensus rating of “Hold” and a consensus target price of $8.38.

IHS Price Performance

The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 15.69 and a beta of 0.74. The company has a fifty day simple moving average of $8.25 and a 200 day simple moving average of $7.80. The company has a debt-to-equity ratio of 96.14, a quick ratio of 1.97 and a current ratio of 2.01.

IHS (NYSE:IHS) last announced its earnings results on Monday, May 11th. The business services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.12). The company had revenue of $415.40 million for the quarter, compared to analyst estimates of $439.16 million. IHS had a negative return on equity of 1,351.44% and a net margin of 10.74%.

Insider Activity

In other news, EVP Stephen J. Howden sold 49,212 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was 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 document filed with the Securities & Exchange Commission, which is available through this link. 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. Also, EVP Mohamad Darwish sold 27,972 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $8.24, for a total value of $230,489.28. Following the completion of the transaction, the executive vice president directly owned 299,400 shares in the company, valued at $2,467,056. This represents a 8.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold 344,017 shares of company stock valued at $2,826,243 in the last ninety days. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. acquired a new position in shares of IHS in the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC acquired a new position in shares of IHS in the 4th quarter valued at about $30,000. Quarry LP lifted its stake in shares of IHS by 545.3% in the 3rd quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 3,975 shares during the period. MML Investors Services LLC acquired a new position in shares of IHS in the 4th quarter valued at about $90,000. Finally, L2 Asset Management LLC acquired a new position in shares of IHS in the 4th quarter valued at about $90,000. 17.54% of the stock is owned by institutional investors and hedge funds.

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.