Quintiles Transitional Holdings Inc. (NYSE:Q)‘s stock had its “neutral” rating reiterated by equities researchers at Citigroup Inc. in a note issued to investors on Wednesday. They presently have a $96.00 target price on the medical research company’s stock, up from their prior target price of $87.00. Citigroup Inc.’s price objective would indicate a potential upside of 7.30% from the company’s previous close.
Several other analysts also recently commented on the stock. Credit Suisse Group reissued an “outperform” rating and issued a $96.00 target price (up from $94.00) on shares of Quintiles Transitional Holdings in a research report on Tuesday, June 6th. Jefferies Group LLC boosted their target price on shares of Quintiles Transitional Holdings from $78.00 to $81.00 and gave the stock a “hold” rating in a research report on Monday, May 15th. Evercore ISI reissued an “in-line” rating and issued a $88.50 target price (up from $84.00) on shares of Quintiles Transitional Holdings in a research report on Thursday, May 4th. Mizuho boosted their target price on shares of Quintiles Transitional Holdings from $90.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, Zacks Investment Research downgraded shares of Quintiles Transitional Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $85.59.
Quintiles Transitional Holdings (NYSE Q) traded up 0.26% during midday trading on Wednesday, reaching $89.70. 90,733 shares of the company traded hands. Quintiles Transitional Holdings has a 12 month low of $61.21 and a 12 month high of $90.32. The stock has a market capitalization of $19.74 billion, a price-to-earnings ratio of 198.45 and a beta of 0.64. The firm has a 50 day moving average of $85.16 and a 200-day moving average of $80.17.
Quintiles Transitional Holdings (NYSE:Q) last posted its earnings results on Wednesday, May 3rd. The medical research company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.06. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.91 billion. Quintiles Transitional Holdings had a net margin of 1.06% and a return on equity of 18.03%. The company’s revenue for the quarter was up 72.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. Analysts forecast that Quintiles Transitional Holdings will post $4.54 EPS for the current fiscal year.
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In related news, Director Jack M. Greenberg sold 6,092 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $82.50, for a total transaction of $502,590.00. Following the completion of the transaction, the director now directly owns 2,930 shares in the company, valued at approximately $241,725. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John G. Danhakl sold 761,143 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $84.01, for a total transaction of $63,943,623.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,758,400 shares of company stock valued at $735,783,985. Corporate insiders own 6.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Parsons Capital Management Inc. RI bought a new position in Quintiles Transitional Holdings during the first quarter valued at approximately $1,430,000. Piedmont Investment Advisors LLC boosted its position in Quintiles Transitional Holdings by 434.1% in the first quarter. Piedmont Investment Advisors LLC now owns 18,222 shares of the medical research company’s stock valued at $1,467,000 after buying an additional 14,810 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Quintiles Transitional Holdings by 103.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 132,300 shares of the medical research company’s stock valued at $10,654,000 after buying an additional 67,300 shares during the last quarter. Achmea Investment Management B.V. bought a new position in Quintiles Transitional Holdings during the first quarter valued at approximately $1,802,000. Finally, Point72 Asset Management L.P. bought a new position in Quintiles Transitional Holdings during the first quarter valued at approximately $18,168,000. Hedge funds and other institutional investors own 92.54% 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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