Quintiles Transitional Holdings Inc. (Q) Receives “Outperform” Rating from Credit Suisse Group

Credit Suisse Group reiterated their outperform rating on shares of Quintiles Transitional Holdings Inc. (NYSE:Q) in a report published on Tuesday morning. They currently have a $125.00 price target on the medical research company’s stock, up from their previous price target of $115.00.

Other equities research analysts have also recently issued research reports about the stock. Barclays PLC restated an overweight rating and set a $98.00 target price (up previously from $90.00) on shares of Quintiles Transitional Holdings in a research note on Monday, July 17th. Stifel Nicolaus upgraded shares of Quintiles Transitional Holdings from a hold rating to a buy rating and raised their target price for the stock from $92.00 to $128.00 in a research note on Friday, October 27th. William Blair upgraded shares of Quintiles Transitional Holdings from a market perform rating to an outperform rating and raised their target price for the stock from $70.10 to $93.42 in a research note on Friday, August 4th. Jefferies Group LLC restated a hold rating and set a $94.00 target price on shares of Quintiles Transitional Holdings in a research note on Friday, August 4th. Finally, Citigroup Inc. raised their target price on shares of Quintiles Transitional Holdings from $96.00 to $97.00 and gave the stock a neutral rating in a research note on Monday, August 7th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $101.64.

Quintiles Transitional Holdings (NYSE:Q) traded down 0.35% during mid-day trading on Tuesday, hitting $107.72. 413,796 shares of the stock traded hands. Quintiles Transitional Holdings has a 1-year low of $70.10 and a 1-year high of $109.00. The stock has a market cap of $23.32 billion, a price-to-earnings ratio of 312.23 and a beta of 0.62. The company’s 50 day moving average price is $98.22 and its 200-day moving average price is $91.01.

Quintiles Transitional Holdings (NYSE:Q) last released its earnings results on Thursday, October 26th. The medical research company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. Quintiles Transitional Holdings had a net margin of 0.58% and a return on equity of 12.60%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter last year, the business earned $1.00 EPS. The firm’s revenue was up 77.6% compared to the same quarter last year. Analysts predict that Quintiles Transitional Holdings will post $4.61 earnings per share for the current year.

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In related news, Director Dennis B. Ph D. Gillings sold 968,023 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $97.33, for a total value of $94,217,678.59. Following the sale, the director now owns 9,071,839 shares in the company, valued at $882,962,089.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ari Bousbib sold 92,160 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $90.35, for a total transaction of $8,326,656.00. Following the completion of the sale, the insider now owns 1,082,919 shares in the company, valued at approximately $97,841,731.65. The disclosure for this sale can be found here. Insiders sold 14,208,382 shares of company stock worth $1,362,839,475 in the last 90 days. 6.40% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in Q. Prudential Financial Inc. increased its position in Quintiles Transitional Holdings by 24.6% in the first quarter. Prudential Financial Inc. now owns 18,721 shares of the medical research company’s stock worth $1,508,000 after purchasing an additional 3,700 shares during the last quarter. FMR LLC increased its position in Quintiles Transitional Holdings by 11.2% in the first quarter. FMR LLC now owns 215,936 shares of the medical research company’s stock worth $17,389,000 after purchasing an additional 21,742 shares during the last quarter. Teachers Advisors LLC increased its position in Quintiles Transitional Holdings by 23.6% in the first quarter. Teachers Advisors LLC now owns 381,161 shares of the medical research company’s stock worth $30,695,000 after purchasing an additional 72,728 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Quintiles Transitional Holdings by 43.9% in the first quarter. Dimensional Fund Advisors LP now owns 609,628 shares of the medical research company’s stock worth $49,089,000 after purchasing an additional 186,027 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Quintiles Transitional Holdings in the first quarter worth $4,957,000. Institutional investors own 93.03% 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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