Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes Position in IHS Holding Limited $IHS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of IHS Holding Limited (NYSE:IHS) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 85,823 shares of the business services provider’s stock, valued at approximately $706,000.

Several other institutional investors have also recently made changes to their positions in IHS. Merit Financial Group LLC raised its position in IHS by 10.7% in the 4th quarter. Merit Financial Group LLC now owns 14,424 shares of the business services provider’s stock worth $108,000 after purchasing an additional 1,394 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in shares of IHS in the fourth quarter worth about $27,000. Quarry LP raised its position in shares of IHS by 545.3% in the third quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock worth $32,000 after acquiring an additional 3,975 shares during the period. Smartleaf Asset Management LLC acquired a new position in shares of IHS during the 4th quarter worth approximately $30,000. Finally, Raymond James Financial Inc. lifted its holdings in IHS by 26.1% during the third quarter. Raymond James Financial Inc. now owns 33,770 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 17.54% of the company’s stock.

IHS Price Performance

Shares of IHS stock opened at $8.13 on Friday. The company has a market capitalization of $2.73 billion, a P/E ratio of 15.35 and a beta of 0.73. IHS Holding Limited has a 1 year low of $5.71 and a 1 year high of $8.95. The business has a 50 day moving average price of $8.25 and a 200 day moving average price of $8.12.

IHS (NYSE:IHS) last posted its earnings results on Monday, May 11th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). The business 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%.

Wall Street Analyst Weigh In

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

IHS 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.