Bremer Trust National Association lifted its position in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) by 27.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,962 shares of the medical research company’s stock after purchasing an additional 3,266 shares during the quarter. Bremer Trust National Association’s holdings in Quintiles Transitional Holdings were worth $1,423,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Fiduciary Trust Co. acquired a new position in shares of Quintiles Transitional Holdings during the second quarter worth approximately $105,000. Korea Investment CORP raised its position in shares of Quintiles Transitional Holdings by 142.5% during the second quarter. Korea Investment CORP now owns 1,370 shares of the medical research company’s stock worth $123,000 after purchasing an additional 805 shares during the period. GWM Advisors LLC acquired a new position in shares of Quintiles Transitional Holdings during the second quarter worth approximately $122,000. Citigroup Inc. raised its position in shares of Quintiles Transitional Holdings by 15.5% during the second quarter. Citigroup Inc. now owns 1,858 shares of the medical research company’s stock worth $167,000 after purchasing an additional 250 shares during the period. Finally, Bbva Compass Bancshares Inc. raised its position in shares of Quintiles Transitional Holdings by 4.2% during the second quarter. Bbva Compass Bancshares Inc. now owns 2,204 shares of the medical research company’s stock worth $197,000 after purchasing an additional 88 shares during the period. 93.03% of the stock is currently owned by institutional investors.
Shares of Quintiles Transitional Holdings Inc. (NYSE Q) traded up 1.19% during mid-day trading on Tuesday, hitting $108.45. The company had a trading volume of 617,773 shares. The company has a market capitalization of $23.48 billion, a price-to-earnings ratio of 314.35 and a beta of 0.62. The company has a 50-day moving average price of $97.91 and a 200-day moving average price of $90.89. Quintiles Transitional Holdings Inc. has a 1-year low of $70.10 and a 1-year high of $108.63.
Quintiles Transitional Holdings (NYSE:Q) last posted its quarterly earnings data on Thursday, October 26th. The medical research company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the firm posted $1.00 EPS. Quintiles Transitional Holdings’s revenue was up 77.6% compared to the same quarter last year. On average, equities analysts anticipate that Quintiles Transitional Holdings Inc. will post $4.59 EPS for the current year.
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In other Quintiles Transitional Holdings news, insider James H. Erlinger III sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $100.51, for a total value of $1,005,100.00. Following the sale, the insider now owns 27,340 shares of the company’s stock, valued at $2,747,943.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Cpp Investment Board Private H sold 5,218,245 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $97.33, for a total value of $507,891,785.85. The disclosure for this sale can be found here. Insiders sold a total of 14,208,382 shares of company stock worth $1,362,839,475 over the last three months. Corporate insiders own 6.40% of the company’s stock.
Several equities research analysts recently issued reports on Q shares. Argus upped their price target on Quintiles Transitional Holdings from $98.00 to $104.00 and gave the stock a “buy” rating in a report on Monday, September 18th. BidaskClub downgraded Quintiles Transitional Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research upgraded Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Thursday, July 27th. Barclays PLC set a $100.00 price target on Quintiles Transitional Holdings and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, KeyCorp reiterated a “buy” rating and set a $100.00 price target on shares of Quintiles Transitional Holdings in a report on Sunday, September 24th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Quintiles Transitional Holdings presently has a consensus rating of “Buy” and a consensus price target of $101.64.
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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