IHS (NYSE:IHS) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of IHS Holding Limited (NYSE:IHS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.01 and traded as high as $8.24. IHS shares last traded at $8.1850, with a volume of 3,334,688 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, IHS currently has a consensus rating of “Hold” and an average price target of $8.38.

IHS Trading Up 0.6%

The company has a 50 day moving average of $8.27 and a 200 day moving average of $8.01. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 15.44 and a beta of 0.74. The company has a current ratio of 2.01, a quick ratio of 1.97 and a debt-to-equity ratio of 96.14.

IHS (NYSE:IHS) last released its quarterly earnings data on Monday, May 11th. The business services provider reported $0.20 earnings per share (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 Buying and Selling

In other news, EVP Stephen J. Howden sold 49,212 shares of IHS 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 completion of the transaction, the executive vice president owned 314,912 shares in the company, valued at approximately $2,598,024. The trade was a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 that occurred on Tuesday, April 7th. The stock was 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. The trade was 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 sold 201,459 shares of company stock worth $1,660,514 in the last quarter.

Institutional Investors Weigh In On IHS

Hedge funds and other institutional investors have recently bought and sold shares of the business. Helikon Investments Ltd boosted its stake in IHS by 81.2% in the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock worth $65,501,000 after purchasing an additional 3,934,727 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in shares of IHS in the fourth quarter valued at about $783,000. Dumac Inc. acquired a new position in IHS during the 4th quarter worth about $836,000. Farther Finance Advisors LLC grew its holdings in IHS by 114.4% during the 4th quarter. Farther Finance Advisors LLC now owns 151,332 shares of the business services provider’s stock worth $1,129,000 after acquiring an additional 80,762 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in IHS by 41.9% in the 4th quarter. GSA Capital Partners LLP now owns 374,362 shares of the business services provider’s stock valued at $2,793,000 after acquiring an additional 110,510 shares in the last quarter. 17.54% of the stock is owned by institutional investors and hedge funds.

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.