IHS (NYSE:IHS – Get Free Report) released its earnings results on Tuesday. The business services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12), Zacks reports. IHS had a net margin of 8.12% and a negative return on equity of 661.41%.
IHS Trading Up 0.2%
IHS stock traded up $0.02 during midday trading on Tuesday, reaching $8.26. 487,373 shares of the company traded hands, compared to its average volume of 1,677,117. IHS has a 52-week low of $5.10 and a 52-week high of $8.95. The company has a debt-to-equity ratio of 96.14, a quick ratio of 2.05 and a current ratio of 2.08. The business has a 50 day moving average of $8.20 and a 200-day moving average of $7.67. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 20.13 and a beta of 0.74.
Analyst Ratings Changes
IHS has been the topic of a number of research reports. TD Cowen downgraded shares of IHS from a “buy” rating to a “hold” rating and reduced their price target for the company from $17.00 to $8.50 in a report on Wednesday, February 18th. Zacks Research downgraded IHS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. New Street Research downgraded IHS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Williams Trading set a $8.50 target price on IHS in a research report on Wednesday, February 18th. Finally, Weiss Ratings downgraded IHS from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, March 23rd. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, IHS presently has a consensus rating of “Hold” and an average price target of $9.61.
Insider Buying and Selling at IHS
In other IHS news, EVP Mohamad Darwish sold 27,972 shares of the company’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 transaction of $230,489.28. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available at 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, CEO Sam Darwish sold 124,275 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $8.24, for a total value of $1,024,026.00. Following the sale, the chief executive officer owned 436,015 shares in the company, valued at approximately $3,592,763.60. This trade represents a 22.18% decrease in their ownership of the stock. 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 have sold a total of 344,017 shares of company stock worth $2,826,243 over the last ninety days.
Institutional Investors Weigh In On IHS
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. purchased a new stake in IHS during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC bought a new position in shares of IHS during the fourth quarter valued at approximately $30,000. Quarry LP grew its stake in shares of IHS by 545.3% during the third quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock valued at $32,000 after buying an additional 3,975 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of IHS during the second quarter valued at approximately $72,000. Finally, NewEdge Advisors LLC bought a new position in shares of IHS during the second quarter valued at approximately $85,000. 17.54% of the stock is currently owned by hedge funds and other institutional investors.
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.
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