Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $706,000 in IHS Holding Limited $IHS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in IHS Holding Limited (NYSE:IHS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 85,823 shares of the business services provider’s stock, valued at approximately $706,000.

Several other hedge funds have also recently bought and sold shares of the business. Mcguire Capital Advisors Inc. acquired a new stake in IHS during the 4th quarter worth about $27,000. Smartleaf Asset Management LLC acquired a new position in shares of IHS during the 4th quarter worth $30,000. Quarry LP grew its holdings in 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 purchasing an additional 3,975 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of IHS during the 2nd quarter worth about $72,000. Finally, NewEdge Advisors LLC acquired a new stake in IHS in the 2nd quarter worth $85,000. 17.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.38.

IHS Stock Down 0.3%

Shares of IHS stock opened at $8.13 on Friday. The stock has a market cap of $2.73 billion, a P/E ratio of 15.35 and a beta of 0.73. The business’s 50 day moving average is $8.25 and its 200-day moving average is $8.12. IHS Holding Limited has a 12-month low of $5.71 and a 12-month high of $8.95.

IHS (NYSE:IHS) last issued its quarterly earnings data on Monday, May 11th. The business services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%. The company had revenue of $415.40 million during the quarter, compared to the consensus estimate of $439.16 million.

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.