IHS (NYSE:IHS) EVP Sells $230,489.28 in Stock

Key Points

• Mohamad Darwish, EVP of IHS, sold 27,972 shares on April 7 at an average price of $8.24 for a total of $230,489.28 under a pre-arranged Rule 10b5-1 plan to cover tax withholding, reducing his position by 8.54% to 299,400 shares (≈$2.47M).
• IHS shares trade around $8.26 (50-day MA $8.17, 200-day MA $7.43) with a market cap of $2.77B; the company reported ($0.23) EPS last quarter and consensus analyst coverage is a Hold with an average target of $9.61.

IHS Holding Limited (NYSE:IHS - Get Free Report) EVP Mohamad Darwish sold 27,972 shares of the business's 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 sale, the executive vice president directly owned 299,400 shares in the company, valued at approximately $2,467,056. The trade was a 8.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.

Mohamad Darwish also recently made the following trade(s):

• On Wednesday, March 18th, Mohamad Darwish sold 16,153 shares of IHS stock. The stock was sold at an average price of $8.18, for a total transaction of $132,131.54.

IHS Price Performance

Shares of NYSE IHS traded up $0.01 during midday trading on Wednesday, reaching $8.26. 1,043,438 shares of the company were exchanged, compared to its average volume of 2,000,479. The stock's 50-day moving average price is $8.17 and its 200-day moving average price is $7.43. The stock has a market cap of $2.77 billion, a P/E ratio of 20.14 and a beta of 0.81. IHS Holding Limited has a one year low of $4.20 and a one year high of $8.95. The company has a quick ratio of 2.05, a current ratio of 2.08 and a debt-to-equity ratio of 96.14.

IHS (NYSE:IHS - Get Free Report) last posted its earnings results on Saturday, February 14th. The business services provider reported ($0.23) earnings per share for the quarter. The company had revenue of $397.80 million for the quarter. IHS had a negative return on equity of 661.41% and a net margin of 8.12%. On average, sell-side analysts anticipate that IHS Holding Limited will post -5.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IHS. Weiss Ratings cut shares of IHS from a "hold (c)" rating to a "sell (d+)" rating in a research note on Monday, March 23rd. Williams Trading set a $8.50 target price on shares of IHS in a research note on Wednesday, February 18th. TD Cowen cut shares of IHS from a "buy" rating to a "hold" rating and decreased their target price for the stock from $17.00 to $8.50 in a research note on Wednesday, February 18th. Wall Street Zen raised shares of IHS from a "buy" rating to a "strong-buy" rating in a research note on Sunday, December 14th. Finally, New Street Research cut shares of IHS from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $9.61.

Institutional Trading of IHS

Several institutional investors have recently modified their holdings of the business. Merit Financial Group LLC grew its stake in shares of IHS by 10.7% in the fourth 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 last quarter. Mcguire Capital Advisors Inc. acquired a new position in IHS in the fourth quarter valued at $27,000. Hollow Brook Wealth Management LLC lifted its holdings in IHS by 1.0% in the third quarter. Hollow Brook Wealth Management LLC now owns 371,902 shares of the business services provider's stock valued at $2,536,000 after buying an additional 3,577 shares during the period. Quarry LP lifted its holdings in IHS by 545.3% in 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 period. Finally, Smartleaf Asset Management LLC acquired a new position in IHS in the fourth quarter valued at $30,000. Institutional investors own 17.54% of the company's stock.

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.

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