Westpac Banking Corp increased its stake in IHS Inc. (NYSE:IHS) by 24.7% during the second quarter, Holdings Channel reports. The firm owned 4,221 shares of the company’s stock after buying an additional 837 shares during the period. Westpac Banking Corp’s holdings in IHS were worth $488,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of IHS. Buffington Mohr McNeal raised its stake in shares of IHS by 0.3% in the second quarter. Buffington Mohr McNeal now owns 6,170 shares of the company’s stock valued at $713,000 after buying an additional 20 shares in the last quarter. Montag & Caldwell LLC raised its stake in IHS by 0.5% in the second quarter. Montag & Caldwell LLC now owns 7,879 shares of the company’s stock worth $911,000 after buying an additional 40 shares during the period. Glenmede Trust Co. NA raised its stake in IHS by 2.0% in the first quarter. Glenmede Trust Co. NA now owns 2,047 shares of the company’s stock worth $253,000 after buying an additional 41 shares during the period. 1st Global Advisors Inc. raised its stake in IHS by 0.7% in the second quarter. 1st Global Advisors Inc. now owns 6,306 shares of the company’s stock worth $729,000 after buying an additional 46 shares during the period. Finally, Calvert Investment Management Inc. raised its stake in IHS by 1.1% in the second quarter. Calvert Investment Management Inc. now owns 5,131 shares of the company’s stock worth $593,000 after buying an additional 55 shares during the period.
IHS Inc. (NYSE:IHS) opened at 117.25 on Thursday. The stock’s 50 day moving average price is $117.02 and its 200 day moving average price is $113.73. IHS Inc. has a one year low of $92.59 and a one year high of $129.75.
IHS has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a “hold” rating on shares of IHS in a research note on Thursday, June 23rd. Argus reissued a “hold” rating on shares of IHS in a research note on Wednesday, June 29th. Robert W. Baird reissued a “neutral” rating and set a $122.00 price objective (down previously from $132.00) on shares of IHS in a research note on Thursday, June 30th. Finally, Zacks Investment Research lowered IHS from a “hold” rating to a “sell” rating in a research note on Thursday, June 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $124.31.
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.
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