Franklin Resources Inc. decreased its stake in Quintiles Transitional Holdings Inc. (NYSE:Q) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,217 shares of the medical research company’s stock after selling 8,013 shares during the period. Franklin Resources Inc. owned approximately 0.17% of Quintiles Transitional Holdings worth $33,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of Q. Fiduciary Trust Co. acquired a new position in shares of Quintiles Transitional Holdings in the second quarter worth about $105,000. Global X Management Co. LLC lifted its stake in shares of Quintiles Transitional Holdings by 30.8% in the first quarter. Global X Management Co. LLC now owns 1,469 shares of the medical research company’s stock worth $118,000 after acquiring an additional 346 shares in the last quarter. Korea Investment CORP lifted its stake in shares of Quintiles Transitional Holdings by 142.5% in the second quarter. Korea Investment CORP now owns 1,370 shares of the medical research company’s stock worth $123,000 after acquiring an additional 805 shares in the last quarter. Archford Capital Strategies LLC acquired a new position in shares of Quintiles Transitional Holdings in the first quarter worth about $160,000. Finally, Bbva Compass Bancshares Inc. lifted its stake in shares of Quintiles Transitional Holdings by 4.2% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,204 shares of the medical research company’s stock worth $197,000 after acquiring an additional 88 shares in the last quarter. 91.34% of the stock is owned by institutional investors.

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In other Quintiles Transitional Holdings news, insider Ari Bousbib sold 92,160 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $90.35, for a total transaction of $8,326,656.00. Following the completion of the transaction, the insider now owns 1,082,919 shares in the company, valued at $97,841,731.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin C. Knightly sold 19,339 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $99.51, for a total transaction of $1,924,423.89. Following the transaction, the insider now owns 40,650 shares of the company’s stock, valued at approximately $4,045,081.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,363,847 shares of company stock valued at $618,573,696. Corporate insiders own 6.40% of the company’s stock.

Several research analysts recently commented on Q shares. BidaskClub cut Quintiles Transitional Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research note on Thursday, July 27th. Barclays PLC set a $100.00 price target on Quintiles Transitional Holdings and gave the stock a “buy” rating in a research note on Friday, August 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $92.00 price target (up previously from $87.00) on shares of Quintiles Transitional Holdings in a research note on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $94.00 price target on shares of Quintiles Transitional Holdings in a research note on Friday, August 4th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $90.25.

Shares of Quintiles Transitional Holdings Inc. (NYSE Q) opened at 94.47 on Monday. The firm has a market capitalization of $20.46 billion, a PE ratio of 273.83 and a beta of 0.63. Quintiles Transitional Holdings Inc. has a 12 month low of $70.10 and a 12 month high of $99.95. The stock’s 50 day moving average price is $93.55 and its 200-day moving average price is $86.47.

Quintiles Transitional Holdings (NYSE:Q) last released its earnings results on Thursday, August 3rd. The medical research company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business earned $0.93 earnings per share. The firm’s revenue for the quarter was up 68.7% compared to the same quarter last year. On average, equities analysts anticipate that Quintiles Transitional Holdings Inc. will post $4.58 earnings per share for the current fiscal year.

Quintiles Transitional Holdings declared that its Board of Directors has approved a share repurchase program on Wednesday, May 24th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the medical research company to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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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