Tekla Capital Management LLC acquired a new stake in Iqvia Holdings Inc (NYSE:IQV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,800 shares of the medical research company’s stock, valued at approximately $2,180,000.
Several other institutional investors also recently made changes to their positions in the stock. Kornitzer Capital Management Inc. KS purchased a new position in shares of Iqvia in the 3rd quarter valued at approximately $35,062,000. GAM Holding AG raised its position in shares of Iqvia by 182.7% in the 3rd quarter. GAM Holding AG now owns 8,567 shares of the medical research company’s stock valued at $1,111,000 after purchasing an additional 5,537 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Iqvia by 309.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,803 shares of the medical research company’s stock valued at $363,000 after purchasing an additional 2,118 shares during the last quarter. First Foundation Advisors purchased a new position in Iqvia during the 3rd quarter worth approximately $340,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Iqvia by 25.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 183,011 shares of the medical research company’s stock worth $23,744,000 after buying an additional 37,239 shares during the last quarter. 89.33% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on IQV. Zacks Investment Research raised shares of Iqvia from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Tuesday, October 23rd. Morgan Stanley raised their price target on shares of Iqvia from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday. Piper Jaffray Companies raised their price target on shares of Iqvia to $131.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 23rd. Wells Fargo & Co raised their price target on shares of Iqvia from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, August 13th. Finally, Barclays raised their price target on shares of Iqvia from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 23rd. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Iqvia presently has an average rating of “Buy” and an average target price of $134.41.
Shares of NYSE IQV opened at $127.32 on Tuesday. The company has a market cap of $25.30 billion, a PE ratio of 29.20, a PEG ratio of 1.79 and a beta of 0.81. Iqvia Holdings Inc has a 12 month low of $91.57 and a 12 month high of $135.48. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.09 and a current ratio of 1.09.
Iqvia (NYSE:IQV) last issued its quarterly earnings data on Monday, October 22nd. The medical research company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Iqvia had a net margin of 12.29% and a return on equity of 13.69%. The business’s revenue was up 5.2% compared to the same quarter last year. As a group, analysts forecast that Iqvia Holdings Inc will post 5.13 EPS for the current fiscal year.
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Iqvia Company Profile
IQVIA Holdings Inc provides integrated information and technology-enabled healthcare services in the Americas, Europe, Africa, and the Asia-Pacific. It operates through three segments: Commercial Solutions, Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offers a range of cloud-based applications and related implementation, real-world insights, and reference information services; and strategic and implementation consulting services, such as advanced analytics and commercial processes outsourcing services.
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