Jag Capital Management LLC Acquires 34,434 Shares of Iqvia Holdings Inc (IQV)

Jag Capital Management LLC raised its holdings in Iqvia Holdings Inc (NYSE:IQV) by 44.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,525 shares of the medical research company’s stock after buying an additional 34,434 shares during the period. Iqvia makes up approximately 2.6% of Jag Capital Management LLC’s portfolio, making the stock its 17th largest position. Jag Capital Management LLC’s holdings in Iqvia were worth $16,043,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of Iqvia by 3.2% during the 4th quarter. BlackRock Inc. now owns 10,977,184 shares of the medical research company’s stock worth $1,275,219,000 after purchasing an additional 342,256 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Iqvia by 44,777.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,140,389 shares of the medical research company’s stock worth $61,000 after purchasing an additional 7,124,478 shares during the last quarter. FMR LLC lifted its position in shares of Iqvia by 41.1% during the 4th quarter. FMR LLC now owns 4,217,991 shares of the medical research company’s stock worth $490,004,000 after purchasing an additional 1,228,148 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Iqvia by 10.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,996,536 shares of the medical research company’s stock worth $388,771,000 after purchasing an additional 277,477 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Iqvia by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 2,130,570 shares of the medical research company’s stock worth $247,087,000 after purchasing an additional 164,811 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on IQV shares. Goldman Sachs Group raised shares of Iqvia from a “buy” rating to a “conviction-buy” rating in a research report on Friday, January 11th. Jefferies Financial Group raised shares of Iqvia from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $136.00 to $150.00 in a research report on Friday, January 18th. Piper Jaffray Companies lifted their price objective on shares of Iqvia to $148.00 and gave the stock a “neutral” rating in a research report on Friday, February 15th. UBS Group set a $170.00 price objective on shares of Iqvia and gave the stock a “buy” rating in a research report on Friday, February 15th. Finally, Barclays reaffirmed a “buy” rating and set a $155.00 price objective on shares of Iqvia in a research report on Friday, February 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $146.88.

In other news, Director Ronald A. Rittenmeyer sold 3,840 shares of Iqvia stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $130.00, for a total value of $499,200.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael J. Evanisko sold 1,193 shares of Iqvia stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $144.95, for a total transaction of $172,925.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,172,538 shares of company stock worth $587,465,163. Insiders own 6.00% of the company’s stock.

NYSE IQV traded down $1.44 during trading on Monday, reaching $141.08. The company’s stock had a trading volume of 950,829 shares, compared to its average volume of 1,264,416. The firm has a market cap of $28.03 billion, a PE ratio of 27.55, a P/E/G ratio of 1.74 and a beta of 0.85. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.10 and a current ratio of 1.10. Iqvia Holdings Inc has a twelve month low of $91.57 and a twelve month high of $146.10.

Iqvia (NYSE:IQV) last issued its earnings results on Thursday, February 14th. The medical research company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.03. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.62 billion. Iqvia had a net margin of 2.49% and a return on equity of 14.25%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 earnings per share. Research analysts predict that Iqvia Holdings Inc will post 5.87 earnings per share for the current year.

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Iqvia Profile

IQVIA Holdings Inc provides advanced analytics, technology solutions, and contract research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. It operates through three segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions.

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Institutional Ownership by Quarter for Iqvia (NYSE:IQV)

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