Sumitomo Life Insurance Co. increased its holdings in Iqvia Holdings Inc (NYSE:IQV) by 95.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,981 shares of the medical research company’s stock after purchasing an additional 8,299 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Iqvia were worth $2,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of IQV. Usca Ria LLC bought a new stake in shares of Iqvia in the third quarter worth about $29,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Iqvia by 379.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 211 shares of the medical research company’s stock worth $33,000 after purchasing an additional 167 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Iqvia in the third quarter worth about $38,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Iqvia in the third quarter worth about $43,000. Finally, Lenox Wealth Management Inc. bought a new stake in shares of Iqvia in the third quarter worth about $51,000. 89.76% of the stock is currently owned by institutional investors.
In other news, Director Michael J. Evanisko sold 6,250 shares of Iqvia stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $160.76, for a total transaction of $1,004,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael R. Mcdonnell sold 12,000 shares of Iqvia stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $155.07, for a total transaction of $1,860,840.00. Following the transaction, the chief financial officer now owns 14,366 shares of the company’s stock, valued at $2,227,735.62. The disclosure for this sale can be found here. Insiders have sold 24,500 shares of company stock valued at $3,866,090 over the last quarter. Company insiders own 6.00% of the company’s stock.
Iqvia stock traded down $3.65 during trading hours on Friday, hitting $158.14. 38,800 shares of the stock traded hands, compared to its average volume of 971,294. The firm’s 50-day moving average price is $154.00 and its two-hundred day moving average price is $151.64. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.85. The company has a market cap of $31.14 billion, a PE ratio of 129.75, a PEG ratio of 1.70 and a beta of 0.88. Iqvia Holdings Inc has a one year low of $123.57 and a one year high of $164.13.
Iqvia (NYSE:IQV) last posted its quarterly earnings data on Wednesday, October 30th. The medical research company reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.03. Iqvia had a return on equity of 16.95% and a net margin of 2.24%. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the previous year, the firm posted $1.42 EPS. The business’s revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts expect that Iqvia Holdings Inc will post 5.9 earnings per share for the current fiscal year.
IQVIA Holdings Inc provides advanced analytics, technology solutions, and contract research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. It operates through three segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions.
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