Evercore ISI started coverage on shares of Iqvia (NYSE:IQV) in a research note published on Thursday, MarketBeat Ratings reports. The firm issued an outperform rating and a $112.00 price target on the medical research company’s stock.
IQV has been the subject of several other reports. KeyCorp reiterated a sector weight rating and set a $100.00 price objective on shares of Iqvia in a research note on Friday, November 10th. Credit Suisse Group reissued an outperform rating and set a $110.00 target price (up from $98.00) on shares of Iqvia in a research report on Monday, October 16th. Zacks Investment Research raised shares of Iqvia from a hold rating to a buy rating and set a $107.00 target price on the stock in a research report on Wednesday, October 11th. Mizuho cut shares of Iqvia from a buy rating to a neutral rating and set a $90.00 target price on the stock. in a research report on Thursday, November 9th. Finally, TheStreet raised shares of Iqvia from a c+ rating to a b rating in a research report on Wednesday, December 13th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $107.79.
Iqvia (IQV) traded up $3.08 on Thursday, reaching $103.00. 1,323,906 shares of the company’s stock traded hands, compared to its average volume of 908,159. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.29. Iqvia has a 12 month low of $74.80 and a 12 month high of $110.67. The stock has a market capitalization of $21,422.77, a P/E ratio of 355.18, a P/E/G ratio of 1.42 and a beta of 0.61.
In related news, insider Ari Bousbib sold 46,080 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $108.14, for a total value of $4,983,091.20. Following the sale, the insider now directly owns 1,036,839 shares of the company’s stock, valued at $112,123,769.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Connaughton sold 1,163,191 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $102.00, for a total transaction of $118,645,482.00. The disclosure for this sale can be found here. Insiders sold 8,806,558 shares of company stock worth $898,716,708 over the last ninety days. 6.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Winslow Evans & Crocker Inc. acquired a new stake in Iqvia in the fourth quarter valued at $123,000. Tillar Wenstrup Advisors LLC acquired a new stake in Iqvia in the fourth quarter valued at $1,995,000. State of Alaska Department of Revenue acquired a new stake in Iqvia in the fourth quarter valued at $2,932,000. Oakbrook Investments LLC acquired a new stake in Iqvia in the fourth quarter valued at $652,000. Finally, Fox Run Management L.L.C. acquired a new stake in Iqvia in the fourth quarter valued at $250,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.
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Iqvia Company Profile
IQVIA Holdings Inc, formerly Quintiles IMS 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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