ProShare Advisors LLC lifted its holdings in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) by 2.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,920 shares of the medical research company’s stock after acquiring an additional 71 shares during the period. ProShare Advisors LLC’s holdings in Quintiles Transitional Holdings were worth $261,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Fiduciary Trust Co. bought a new position in Quintiles Transitional Holdings during the 2nd quarter valued at about $105,000. Global X Management Co. LLC lifted its holdings in Quintiles Transitional Holdings by 30.8% during the 1st quarter. Global X Management Co. LLC now owns 1,469 shares of the medical research company’s stock valued at $118,000 after purchasing an additional 346 shares during the last quarter. Korea Investment CORP lifted its holdings in Quintiles Transitional Holdings by 142.5% during the 2nd quarter. Korea Investment CORP now owns 1,370 shares of the medical research company’s stock valued at $123,000 after purchasing an additional 805 shares during the last quarter. Archford Capital Strategies LLC bought a new position in Quintiles Transitional Holdings during the 1st quarter valued at about $160,000. Finally, Bbva Compass Bancshares Inc. lifted its holdings in Quintiles Transitional Holdings by 4.2% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,204 shares of the medical research company’s stock valued at $197,000 after purchasing an additional 88 shares during the last quarter. 93.21% of the stock is owned by institutional investors.
Quintiles Transitional Holdings (NYSE:Q) last posted its earnings results on Thursday, August 3rd. The medical research company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Quintiles Transitional Holdings had a net margin of 0.82% and a return on equity of 14.23%. The business’s revenue for the quarter was up 68.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share.
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Several brokerages recently issued reports on Q. Barclays PLC reissued an “overweight” rating and set a $98.00 price target (up from $90.00) on shares of Quintiles Transitional Holdings in a report on Monday, July 17th. Zacks Investment Research downgraded shares of Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup Inc. lifted their price target on shares of Quintiles Transitional Holdings from $96.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, August 7th. William Blair raised shares of Quintiles Transitional Holdings from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $70.10 to $93.42 in a report on Friday, August 4th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $94.00 price target on shares of Quintiles Transitional Holdings in a report on Friday, August 4th. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Quintiles Transitional Holdings has an average rating of “Buy” and an average target price of $93.61.
In related news, insider Ari Bousbib sold 46,080 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $94.91, for a total value of $4,373,452.80. Following the completion of the transaction, the insider now owns 1,036,839 shares in the company, valued at approximately $98,406,389.49. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dennis B. Ph D. Gillings sold 968,023 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $97.33, for a total transaction of $94,217,678.59. Following the completion of the transaction, the director now owns 9,071,839 shares of the company’s stock, valued at approximately $882,962,089.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,198,382 shares of company stock valued at $1,361,834,375. 6.40% of the stock is owned by company insiders.
About Quintiles Transitional Holdings
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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