Macquarie Group Ltd. raised its stake in Quintiles Transitional Holdings Inc. (NYSE:Q) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,839,444 shares of the medical research company’s stock after buying an additional 46,257 shares during the period. Macquarie Group Ltd. owned approximately 0.84% of Quintiles Transitional Holdings worth $148,130,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in shares of Quintiles Transitional Holdings during the fourth quarter valued at about $3,323,000. Bessemer Group Inc. purchased a new stake in shares of Quintiles Transitional Holdings during the fourth quarter valued at about $136,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Quintiles Transitional Holdings by 49.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 5,682 shares of the medical research company’s stock valued at $432,000 after buying an additional 1,881 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Quintiles Transitional Holdings by 62.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 176,220 shares of the medical research company’s stock valued at $13,402,000 after buying an additional 68,055 shares during the period. Finally, Comerica Bank purchased a new stake in shares of Quintiles Transitional Holdings during the fourth quarter valued at about $600,000. Institutional investors and hedge funds own 92.54% of the company’s stock.
Quintiles Transitional Holdings Inc. (NYSE Q) traded up 0.59% during trading on Tuesday, hitting $88.39. The stock had a trading volume of 897,307 shares. The firm has a 50 day moving average of $85.05 and a 200-day moving average of $80.07. The company has a market cap of $19.45 billion, a P/E ratio of 195.55 and a beta of 0.64. Quintiles Transitional Holdings Inc. has a one year low of $61.21 and a one year high of $88.70.
Quintiles Transitional Holdings (NYSE:Q) last released its quarterly earnings data on Wednesday, May 3rd. The medical research company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.06. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Quintiles Transitional Holdings had a return on equity of 18.03% and a net margin of 1.06%. The business’s quarterly revenue was up 72.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 EPS. Equities analysts anticipate that Quintiles Transitional Holdings Inc. will post $4.54 earnings per share for the current fiscal year.
Several analysts have recently issued reports on Q shares. Zacks Investment Research cut Quintiles Transitional Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price objective on shares of Quintiles Transitional Holdings in a report on Monday, April 3rd. Mizuho upped their price objective on Quintiles Transitional Holdings from $90.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Evercore ISI reaffirmed an “in-line” rating and set a $88.50 price objective (up from $84.00) on shares of Quintiles Transitional Holdings in a report on Thursday, May 4th. Finally, Credit Suisse Group started coverage on Quintiles Transitional Holdings in a report on Friday, March 31st. They set an “outperform” rating and a $89.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $84.28.
In related news, Director Dennis B. Ph D. Gillings sold 860,000 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $84.01, for a total value of $72,248,600.00. Following the completion of the sale, the director now directly owns 10,002,230 shares of the company’s stock, valued at approximately $840,287,342.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Cpp Investment Board Private H sold 7,131,165 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $84.01, for a total value of $599,089,171.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,758,400 shares of company stock valued at $735,783,985. Insiders own 6.40% 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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