Ameriprise Financial Inc. decreased its stake in shares of IHS Inc. (NYSE:IHS) by 62.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,774 shares of the company’s stock after selling 99,550 shares during the period. Ameriprise Financial Inc.’s holdings in IHS were worth $6,795,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA boosted its position in IHS by 2.0% in the first quarter. Glenmede Trust Co. NA now owns 2,047 shares of the company’s stock valued at $253,000 after buying an additional 41 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of IHS by 4.0% in the first quarter. TIAA CREF Investment Management LLC now owns 311,664 shares of the company’s stock valued at $38,696,000 after buying an additional 12,066 shares during the period. BlackRock Inc. raised its stake in shares of IHS by 21.7% in the first quarter. BlackRock Inc. now owns 59,816 shares of the company’s stock valued at $7,427,000 after buying an additional 10,681 shares during the period. BlackRock Group LTD raised its stake in shares of IHS by 1.3% in the first quarter. BlackRock Group LTD now owns 405,037 shares of the company’s stock valued at $50,289,000 after buying an additional 5,371 shares during the period. Finally, Acrospire Investment Management LLC acquired a new stake in shares of IHS during the first quarter valued at about $116,000.
Shares of IHS Inc. (NYSE:IHS) remained flat at $117.25 during trading on Monday. IHS Inc. has a one year low of $92.59 and a one year high of $129.75. The firm has a 50 day moving average of $117.02 and a 200-day moving average of $113.73.
Several equities research analysts have recently weighed in on IHS shares. Zacks Investment Research raised shares of IHS from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Wednesday, July 6th. Cantor Fitzgerald restated a “hold” rating on shares of IHS in a research report on Thursday, June 23rd. Argus restated a “hold” rating on shares of IHS in a research report on Wednesday, June 29th. Finally, Robert W. Baird restated a “neutral” rating and set a $122.00 target price (down from $132.00) on shares of IHS in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. IHS presently has a consensus rating of “Hold” and an average target price of $124.31.
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.
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