Mitsubishi UFJ Securities Holdings Co. Ltd. Acquires New Stake in Iqvia Holdings Inc (NYSE:IQV)

Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Iqvia Holdings Inc (NYSE:IQV) in the first quarter, HoldingsChannel reports. The firm acquired 650 shares of the medical research company’s stock, valued at approximately $94,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blackcrane Capital LLC grew its stake in Iqvia by 28.1% during the first quarter. Blackcrane Capital LLC now owns 51,005 shares of the medical research company’s stock worth $7,337,000 after buying an additional 11,183 shares during the last quarter. GYL Financial Synergies LLC bought a new stake in Iqvia during the first quarter worth about $4,349,000. Riverhead Capital Management LLC grew its stake in Iqvia by 19.2% during the first quarter. Riverhead Capital Management LLC now owns 7,521 shares of the medical research company’s stock worth $1,082,000 after buying an additional 1,211 shares during the last quarter. Northeast Financial Consultants Inc bought a new stake in Iqvia during the first quarter worth about $642,000. Finally, Andra AP fonden bought a new stake in Iqvia during the first quarter worth about $7,380,000. 89.78% of the stock is owned by institutional investors and hedge funds.

In related news, insider Kevin C. Knightly sold 46,080 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $138.06, for a total value of $6,361,804.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael J. Evanisko sold 1,193 shares of the stock in a transaction that occurred on 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. Insiders sold 143,273 shares of company stock worth $20,066,890 over the last 90 days. 6.00% of the stock is currently owned by company insiders.

Several analysts have weighed in on IQV shares. UBS Group set a $170.00 price objective on shares of Iqvia and gave the stock a “buy” rating in a research note on Friday, February 15th. Barclays increased their price target on shares of Iqvia from $160.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Wells Fargo & Co increased their price target on shares of Iqvia from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. Piper Jaffray Companies increased their price target on shares of Iqvia to $148.00 and gave the company a “neutral” rating in a research note on Friday, February 15th. Finally, Leerink Swann started coverage on shares of Iqvia in a research note on Tuesday, May 28th. They set an “outperform” rating and a $136.38 price target on the stock. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $147.02.

Shares of IQV traded up $0.08 during mid-day trading on Wednesday, hitting $139.51. 29,434 shares of the company traded hands, compared to its average volume of 1,250,267. Iqvia Holdings Inc has a one year low of $97.64 and a one year high of $146.10. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $27.34 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 1.68 and a beta of 0.77.

Iqvia (NYSE:IQV) last released its quarterly earnings results on Wednesday, May 1st. The medical research company reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.12. Iqvia had a net margin of 2.35% and a return on equity of 15.08%. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the firm earned $1.34 earnings per share. Iqvia’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that Iqvia Holdings Inc will post 5.88 EPS for the current year.

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Iqvia Company 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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