Ardevora Asset Management LLP decreased its holdings in Quintiles Transitional Holdings Inc. (NYSE:Q) by 7.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 379,400 shares of the medical research company’s stock after selling 29,200 shares during the quarter. Ardevora Asset Management LLP owned 0.18% of Quintiles Transitional Holdings worth $36,070,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in Q. Fiduciary Trust Co. purchased a new stake in Quintiles Transitional Holdings during the 2nd quarter worth approximately $105,000. GWM Advisors LLC purchased a new stake in Quintiles Transitional Holdings during the 2nd quarter worth approximately $122,000. Korea Investment CORP increased its stake in Quintiles Transitional Holdings by 142.5% during the 2nd quarter. Korea Investment CORP now owns 1,370 shares of the medical research company’s stock worth $123,000 after buying an additional 805 shares in the last quarter. Citigroup Inc. increased its stake in Quintiles Transitional Holdings by 15.5% during the 2nd quarter. Citigroup Inc. now owns 1,858 shares of the medical research company’s stock worth $167,000 after buying an additional 250 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. increased its stake in Quintiles Transitional Holdings by 4.2% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,204 shares of the medical research company’s stock worth $197,000 after buying an additional 88 shares in the last quarter. 94.04% of the stock is owned by institutional investors.
In other Quintiles Transitional Holdings news, major shareholder Cpp Investment Board Private H sold 5,218,245 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $97.33, for a total transaction of $507,891,785.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ari Bousbib sold 46,080 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $108.14, for a total value of $4,983,091.20. Following the transaction, the insider now owns 1,036,839 shares in the company, valued at $112,123,769.46. The disclosure for this sale can be found here. Insiders sold 14,175,702 shares of company stock worth $1,361,299,848 over the last quarter. 6.40% of the stock is currently owned by insiders.
Quintiles Transitional Holdings Inc. (NYSE:Q) traded down $1.14 on Tuesday, reaching $102.91. The company had a trading volume of 1,532,500 shares, compared to its average volume of 1,501,492. Quintiles Transitional Holdings Inc. has a 12-month low of $71.90 and a 12-month high of $110.67. The firm has a market capitalization of $21,987.17, a PE ratio of 23.76, a PEG ratio of 1.73 and a beta of 0.65. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.29.
Quintiles Transitional Holdings (NYSE:Q) last released its quarterly earnings data on Thursday, October 26th. The medical research company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. Quintiles Transitional Holdings had a return on equity of 12.60% and a net margin of 0.58%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The firm’s quarterly revenue was up 77.6% on a year-over-year basis. equities analysts predict that Quintiles Transitional Holdings Inc. will post 4.62 earnings per share for the current year.
Several equities research analysts have commented on the company. Morgan Stanley boosted their price objective on Quintiles Transitional Holdings from $96.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub lowered Quintiles Transitional Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Jefferies Group LLC reiterated a “hold” rating and set a $94.00 price objective on shares of Quintiles Transitional Holdings in a research note on Friday, August 4th. Finally, KeyCorp restated a “sector weight” rating and issued a $100.00 price target on shares of Quintiles Transitional Holdings in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $103.15.
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Quintiles Transitional Holdings Profile
Quintiles IMS Holdings, Inc, formerly Quintiles Transnational Holdings Inc, provides integrated information and technology-enabled healthcare services. The Company operates through segments, including Commercial Solutions; Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offerings include national information offerings, sub-national information offerings, technology solutions, and workflow analytics and consulting services.
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