Arizona State Retirement System purchased a new position in shares of Iqvia Holdings Inc (NYSE:IQV) during the fourth quarter, Holdings Channel reports. The firm purchased 108,002 shares of the medical research company’s stock, valued at approximately $10,573,000.
Several other large investors have also modified their holdings of the company. Winslow Evans & Crocker Inc. acquired a new position in shares of Iqvia during the fourth quarter worth $123,000. IFP Advisors Inc acquired a new position in shares of Iqvia during the fourth quarter worth $200,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Iqvia during the fourth quarter worth $209,000. Atria Investments LLC acquired a new position in shares of Iqvia during the fourth quarter worth $218,000. Finally, First Quadrant L P CA acquired a new position in shares of Iqvia during the fourth quarter worth $221,000. Institutional investors own 95.91% of the company’s stock.
In related news, Director John Connaughton sold 1,163,191 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $102.00, for a total value of $118,645,482.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Cpp Investment Board Private H sold 7,497,807 shares of the business’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 $764,776,314.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,727,078 shares of company stock worth $890,124,079. 6.40% of the stock is owned by company insiders.
Iqvia (NYSE:IQV) last released its earnings results on Wednesday, February 14th. The medical research company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.02). The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Iqvia had a net margin of 13.44% and a return on equity of 13.03%. Iqvia’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. equities analysts expect that Iqvia Holdings Inc will post 5.35 EPS for the current year.
IQV has been the topic of a number of recent research reports. Evercore ISI initiated coverage on shares of Iqvia in a report on Thursday, January 18th. They set an “outperform” rating and a $112.00 price target on the stock. Jefferies Group lifted their price target on shares of Iqvia from $107.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, October 30th. Mitsubishi UFJ Financial Group initiated coverage on shares of Iqvia in a report on Friday, December 15th. They set a “neutral” rating and a $112.00 price target on the stock. SunTrust Banks reiterated a “hold” rating and set a $110.00 price target on shares of Iqvia in a report on Monday, January 22nd. Finally, Zacks Investment Research upgraded shares of Iqvia from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a report on Tuesday, October 31st. Eight 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. Iqvia currently has a consensus rating of “Buy” and a consensus target price of $110.02.
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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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