Wesbanco Bank Inc. held its stake in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 51,883 shares of the medical research company’s stock at the end of the second quarter. Wesbanco Bank Inc.’s holdings in Quintiles Transitional Holdings were worth $4,644,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. raised its stake in shares of Quintiles Transitional Holdings by 13.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,946 shares of the medical research company’s stock worth $1,159,000 after buying an additional 1,531 shares during the last quarter. Brookstone Capital Management purchased a new stake in shares of Quintiles Transitional Holdings during the second quarter worth $214,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Quintiles Transitional Holdings by 10.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,016 shares of the medical research company’s stock worth $4,297,000 after buying an additional 4,454 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Quintiles Transitional Holdings by 29.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 197,849 shares of the medical research company’s stock worth $17,706,000 after buying an additional 45,565 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its stake in shares of Quintiles Transitional Holdings by 19.9% in the second quarter. Great Lakes Advisors LLC now owns 111,021 shares of the medical research company’s stock worth $9,936,000 after buying an additional 18,432 shares during the last quarter. Institutional investors and hedge funds own 91.36% of the company’s stock.

Shares of Quintiles Transitional Holdings Inc. (Q) traded up 1.02% during mid-day trading on Wednesday, hitting $96.98. 192,148 shares of the stock traded hands. The stock has a market cap of $21.00 billion, a P/E ratio of 281.10 and a beta of 0.64. The firm’s 50 day moving average price is $91.06 and its 200-day moving average price is $84.68. Quintiles Transitional Holdings Inc. has a 12-month low of $70.10 and a 12-month high of $99.95.

Quintiles Transitional Holdings (NYSE:Q) last issued its quarterly earnings data on Thursday, August 3rd. The medical research company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. Quintiles Transitional Holdings had a return on equity of 14.23% and a net margin of 0.82%. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the business earned $0.93 earnings per share. The business’s revenue was up 68.7% on a year-over-year basis. Analysts predict that Quintiles Transitional Holdings Inc. will post $4.58 earnings per share for the current year.

Quintiles Transitional Holdings declared that its board has initiated a share buyback plan on Wednesday, May 24th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the medical research company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

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Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of Quintiles Transitional Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Citigroup Inc. lifted their price target on shares of Quintiles Transitional Holdings from $96.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. Stifel Nicolaus reiterated a “hold” rating and set a $92.00 price target (up from $87.00) on shares of Quintiles Transitional Holdings in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and set a $94.00 price target on shares of Quintiles Transitional Holdings in a research note on Friday, August 4th. Finally, Barclays PLC set a $100.00 price target on shares of Quintiles Transitional Holdings and gave the stock a “buy” rating in a research note on Friday, August 4th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $90.25.

In related news, insider Kevin C. Knightly sold 20,000 shares of Quintiles Transitional Holdings stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $90.28, for a total value of $1,805,600.00. Following the completion of the transaction, the insider now directly owns 46,826 shares of the company’s stock, valued at $4,227,451.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin C. Knightly sold 19,339 shares of Quintiles Transitional Holdings stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $99.51, for a total value of $1,924,423.89. Following the completion of the transaction, the insider now directly owns 40,650 shares of the company’s stock, valued at $4,045,081.50. The disclosure for this sale can be found here. Insiders sold 131,499 shares of company stock valued at $12,056,680 over the last ninety days. 6.40% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Quintiles Transitional Holdings (NYSE:Q)

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