Aberdeen Group plc Has $16.65 Million Holdings in IHS Holding Limited $IHS

Aberdeen Group plc cut its stake in shares of IHS Holding Limited (NYSE:IHS) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,232,200 shares of the business services provider’s stock after selling 155,215 shares during the period. Aberdeen Group plc owned approximately 0.67% of IHS worth $16,652,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Helikon Investments Ltd grew its stake in IHS by 105.6% in the third quarter. Helikon Investments Ltd now owns 4,845,561 shares of the business services provider’s stock valued at $33,047,000 after acquiring an additional 2,488,223 shares during the period. Quaker Capital Investments LLC boosted its position in shares of IHS by 3.7% during the third quarter. Quaker Capital Investments LLC now owns 4,369,403 shares of the business services provider’s stock worth $29,799,000 after buying an additional 154,198 shares during the period. JPMorgan Chase & Co. boosted its position in shares of IHS by 37.2% during the third quarter. JPMorgan Chase & Co. now owns 3,300,367 shares of the business services provider’s stock worth $22,509,000 after buying an additional 894,973 shares during the period. BNP Paribas Financial Markets boosted its position in shares of IHS by 4.3% during the third quarter. BNP Paribas Financial Markets now owns 2,498,098 shares of the business services provider’s stock worth $17,037,000 after buying an additional 103,938 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of IHS by 39.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,557,264 shares of the business services provider’s stock worth $10,621,000 after buying an additional 443,837 shares during the period. 17.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Zacks Research lowered IHS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Weiss Ratings lowered IHS from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, March 23rd. Wall Street Zen upgraded IHS from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 14th. TD Cowen lowered IHS from a “buy” rating to a “hold” rating and dropped their target price for the stock from $17.00 to $8.50 in a report on Wednesday, February 18th. Finally, Williams Trading set a $8.50 target price on IHS in a report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.61.

Insider Buying and Selling

In related news, CEO Sam Darwish sold 86,793 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $8.18, for a total transaction of $709,966.74. Following the sale, the chief executive officer owned 405,841 shares of the company’s stock, valued at $3,319,779.38. This represents a 17.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mohamad Darwish sold 16,153 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $8.18, for a total value of $132,131.54. Following the sale, the executive vice president directly owned 291,736 shares in the company, valued at $2,386,400.48. This represents a 5.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 142,558 shares of company stock valued at $1,165,728 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

IHS Price Performance

IHS stock opened at $8.31 on Tuesday. IHS Holding Limited has a 12 month low of $4.20 and a 12 month high of $8.95. The stock’s 50 day moving average is $8.17 and its 200-day moving average is $7.42. The company has a current ratio of 2.08, a quick ratio of 2.05 and a debt-to-equity ratio of 96.14. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 20.26 and a beta of 0.81.

IHS (NYSE:IHS) last posted its earnings results on Saturday, February 14th. The business services provider reported ($0.23) EPS for the quarter. IHS had a net margin of 8.12% and a negative return on equity of 661.41%. The firm had revenue of $397.80 million during the quarter. Equities research analysts expect that IHS Holding Limited will post -5.58 EPS for the current year.

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.