Quintiles Transitional Holdings Inc. (Q) Shares Bought by JPMorgan Chase & Co.
JPMorgan Chase & Co. grew its stake in Quintiles Transitional Holdings Inc. (NYSE:Q) by 293.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,832 shares of the medical research company’s stock after purchasing an additional 58,821 shares during the period. JPMorgan Chase & Co.’s holdings in Quintiles Transitional Holdings were worth $7,055,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Global X Management Co. LLC grew its holdings in shares of Quintiles Transitional Holdings by 30.8% during the first quarter. Global X Management Co. LLC now owns 1,469 shares of the medical research company’s stock worth $118,000 after purchasing an additional 346 shares during the last quarter. Korea Investment CORP increased 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 valued at $123,000 after buying an additional 805 shares during the period. Archford Capital Strategies LLC bought a new position in Quintiles Transitional Holdings in the 1st quarter valued at approximately $160,000. Bbva Compass Bancshares Inc. raised its holdings in Quintiles Transitional Holdings by 4.2% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,204 shares of the medical research company’s stock valued at $197,000 after buying an additional 88 shares during the last quarter. Finally, Blair William & Co. IL bought a new position in Quintiles Transitional Holdings in the 2nd quarter valued at approximately $201,000. Institutional investors own 93.21% of the company’s stock.
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Quintiles Transitional Holdings Inc. (Q) opened at 95.00 on Tuesday. The company’s 50-day moving average is $94.94 and its 200 day moving average is $87.85. The company has a market capitalization of $20.57 billion, a price-to-earnings ratio of 275.36 and a beta of 0.62. Quintiles Transitional Holdings Inc. has a 52 week low of $70.10 and a 52 week high of $99.95.
Quintiles Transitional Holdings (NYSE:Q) last announced its quarterly earnings results on Thursday, August 3rd. The medical research company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.96 billion. Quintiles Transitional Holdings had a return on equity of 14.23% and a net margin of 0.82%. Quintiles Transitional Holdings’s revenue was up 68.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 EPS. On average, analysts forecast that Quintiles Transitional Holdings Inc. will post $4.58 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Quintiles Transitional Holdings in a report on Tuesday, September 19th. They set an “outperform” rating and a $116.00 target price on the stock. KeyCorp restated a “buy” rating and issued a $100.00 price target on shares of Quintiles Transitional Holdings in a research report on Sunday, September 24th. Argus raised their price target on shares of Quintiles Transitional Holdings from $98.00 to $104.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Zacks Investment Research raised shares of Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research note on Thursday, July 27th. Finally, BidaskClub upgraded shares of Quintiles Transitional Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $92.84.
In other Quintiles Transitional Holdings news, Director Dennis B. Ph D. Gillings sold 968,023 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $97.33, for a total value of $94,217,678.59. Following the completion of the sale, the director now directly owns 9,071,839 shares in the company, valued at $882,962,089.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Cpp Investment Board Private H sold 6,748,026 shares of Quintiles Transitional Holdings stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $94.87, for a total value of $640,185,226.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,152,302 shares of company stock valued at $1,357,460,922. Company insiders own 6.40% of the company’s stock.
Quintiles Transitional Holdings 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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