First Trust Advisors LP grew its position in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) by 20.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 786,039 shares of the medical research company’s stock after acquiring an additional 135,046 shares during the period. First Trust Advisors LP owned about 0.36% of Quintiles Transitional Holdings worth $74,729,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Fiduciary Trust Co. purchased a new position in shares of Quintiles Transitional Holdings during the 2nd quarter worth approximately $105,000. Global X Management Co. LLC grew its holdings in shares of Quintiles Transitional Holdings by 30.8% during the 1st quarter. Global X Management Co. LLC now owns 1,469 shares of the medical research company’s stock worth $118,000 after acquiring an additional 346 shares during the period. GWM Advisors LLC purchased a new position in shares of Quintiles Transitional Holdings during the 2nd quarter worth approximately $122,000. Korea Investment CORP grew its holdings in shares of 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 acquiring an additional 805 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of 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 acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.
Several analysts recently weighed in on the company. SunTrust Banks, Inc. restated a “hold” rating and issued a $114.00 price target on shares of Quintiles Transitional Holdings in a research note on Friday, November 3rd. Jefferies Group LLC upped their price target on Quintiles Transitional Holdings from $107.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research downgraded Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Credit Suisse Group restated an “outperform” rating and issued a $125.00 price target (up previously from $115.00) on shares of Quintiles Transitional Holdings in a research note on Tuesday, October 31st. Finally, Stifel Nicolaus upgraded Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and upped their price target for the stock from $92.00 to $128.00 in a research note on Friday, October 27th. Eleven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $103.15.
Quintiles Transitional Holdings Inc. (NYSE:Q) traded up $0.54 during midday trading on Friday, hitting $104.05. The stock had a trading volume of 1,138,100 shares, compared to its average volume of 1,501,350. The company has a market cap of $21,873.06, a PE ratio of 23.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.22 and a quick ratio of 1.22. Quintiles Transitional Holdings Inc. has a 12-month low of $71.90 and a 12-month high of $110.67.
Quintiles Transitional Holdings (NYSE:Q) last released its quarterly earnings results on Thursday, October 26th. The medical research company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Quintiles Transitional Holdings had a return on equity of 12.60% and a net margin of 0.58%. The company’s revenue was up 77.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 EPS. analysts expect that Quintiles Transitional Holdings Inc. will post 4.62 EPS for the current fiscal year.
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In related news, Director Jack M. Greenberg sold 33,400 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $108.07, for a total value of $3,609,538.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James H. Erlinger III sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $94.52, for a total value of $945,200.00. Following the completion of the transaction, the insider now directly owns 27,340 shares in the company, valued at $2,584,176.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,175,702 shares of company stock worth $1,361,299,848 over the last three months. Insiders own 6.40% of the company’s stock.
Quintiles Transitional Holdings Company 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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