IHS (NYSE:IHS) Stock Crosses Above 200-Day Moving Average – Should You Sell?

IHS Holding Limited (NYSE:IHS) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IHS shares. Weiss Ratings upgraded shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. 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 research note on Wednesday, February 18th. New Street Research lowered shares of IHS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. Finally, Williams Trading set a $8.50 price objective on shares of IHS in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.38.

IHS Trading Down 0.3%

The company has a quick ratio of 1.97, a current ratio of 2.01 and a debt-to-equity ratio of 96.14. The business’s 50 day moving average is $8.26 and its 200-day moving average is $7.82. The firm has a market cap of $2.79 billion, a P/E ratio of 15.67 and a beta of 0.74.

IHS (NYSE:IHS) last released its quarterly earnings data on Monday, May 11th. The business services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). The business had revenue of $415.40 million during 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%.

Insiders Place Their Bets

In other IHS news, EVP Stephen J. Howden sold 49,212 shares of IHS stock in a transaction 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 of the company’s stock, valued at $2,598,024. The trade was a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 IHS stock in a transaction on Tuesday, April 7th. The stock was 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 directly owned 299,400 shares of the company’s stock, valued at approximately $2,467,056. This represents a 8.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 a total of 344,017 shares of company stock valued at $2,826,243 over the last 90 days. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On IHS

A number of hedge funds have recently added to or reduced their stakes in IHS. PSquared Asset Management AG acquired a new position in IHS in the first quarter worth $35,749,000. Hsbc Holdings PLC acquired a new position in shares of IHS during the first quarter valued at $33,532,000. Helikon Investments Ltd boosted its holdings in shares of IHS by 81.2% during the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock valued at $65,501,000 after acquiring an additional 3,934,727 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of IHS by 177.4% during the second quarter. BNP Paribas Financial Markets now owns 2,394,160 shares of the business services provider’s stock valued at $13,312,000 after acquiring an additional 1,531,225 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 valued at $6,191,000 after acquiring an additional 913,549 shares during the period. 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.