Farther Finance Advisors LLC Buys 80,762 Shares of IHS Holding Limited $IHS

Farther Finance Advisors LLC grew its stake in shares of IHS Holding Limited (NYSE:IHS) by 114.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 151,332 shares of the business services provider’s stock after acquiring an additional 80,762 shares during the period. Farther Finance Advisors LLC’s holdings in IHS were worth $1,129,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP raised 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 acquiring an additional 3,975 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of IHS during the second quarter valued at approximately $72,000. Olympiad Research LP bought a new stake in shares of IHS during the third quarter valued at approximately $74,000. NewEdge Advisors LLC bought a new stake in shares of IHS during the second quarter valued at approximately $85,000. Finally, Merit Financial Group LLC raised its stake in shares of IHS by 28.0% during the third quarter. Merit Financial Group LLC now owns 13,030 shares of the business services provider’s stock valued at $89,000 after acquiring an additional 2,848 shares in the last quarter. Institutional investors own 17.54% of the company’s stock.

Analyst Upgrades and Downgrades

IHS has been the subject of several research analyst reports. Weiss Ratings downgraded shares of IHS from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, March 23rd. Zacks Research downgraded shares of IHS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. New Street Research downgraded shares of IHS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. TD Cowen downgraded shares of IHS from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $17.00 to $8.50 in a research note on Wednesday, February 18th. Finally, Williams Trading set a $8.50 price objective on shares of IHS in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, IHS currently has a consensus rating of “Hold” and a consensus target price of $9.61.

IHS Stock Performance

Shares of NYSE:IHS opened at $8.26 on Wednesday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 20.13 and a beta of 0.81. IHS Holding Limited has a 52 week low of $4.68 and a 52 week 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. The firm has a 50 day moving average of $8.18 and a 200 day moving average of $7.54.

IHS (NYSE:IHS) last issued its quarterly earnings data on Saturday, February 14th. The business services provider reported ($0.23) EPS for the quarter. The business had revenue of $397.80 million during the quarter. IHS had a negative return on equity of 661.41% and a net margin of 8.12%. On average, sell-side analysts predict that IHS Holding Limited will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Stephen J. Howden sold 49,212 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.25, for a total transaction of $405,999.00. Following the transaction, the executive vice president directly owned 314,912 shares of the company’s stock, valued at approximately $2,598,024. This represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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. Also, CEO Sam Darwish sold 124,275 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.24, for a total value of $1,024,026.00. Following the transaction, the chief executive officer directly owned 436,015 shares in the company, valued at approximately $3,592,763.60. The trade was 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 sold 344,017 shares of company stock valued at $2,826,243 over the last 90 days.

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.