Numeric Investors LLC decreased its holdings in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) by 59.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,962 shares of the medical research company’s stock after selling 5,800 shares during the quarter. Numeric Investors LLC’s holdings in Quintiles Transitional Holdings were worth $355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in Q. Fiduciary Trust Co. bought a new position in shares of Quintiles Transitional Holdings during the second quarter valued at approximately $105,000. Global X Management Co. LLC grew its stake 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 valued at $118,000 after buying an additional 346 shares during the last quarter. Korea Investment CORP grew its stake in shares of Quintiles Transitional Holdings by 142.5% during 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 last quarter. Archford Capital Strategies LLC bought a new position in shares of Quintiles Transitional Holdings during the first quarter valued at approximately $160,000. Finally, Citigroup Inc. grew its stake in shares of Quintiles Transitional Holdings by 15.5% during the second quarter. Citigroup Inc. now owns 1,858 shares of the medical research company’s stock valued at $167,000 after buying an additional 250 shares during the last quarter. 93.22% of the stock is currently owned by hedge funds and other institutional investors.

Quintiles Transitional Holdings Inc. (Q) opened at 99.85 on Monday. The company has a market cap of $21.62 billion, a PE ratio of 289.42 and a beta of 0.62. The company has a 50-day moving average price of $95.87 and a 200 day moving average price of $89.00. Quintiles Transitional Holdings Inc. has a 52 week low of $70.10 and a 52 week high of $100.00.

Quintiles Transitional Holdings (NYSE:Q) last posted its earnings results on Thursday, August 3rd. The medical research company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.04. Quintiles Transitional Holdings had a net margin of 0.82% and a return on equity of 14.23%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up 68.7% on a year-over-year basis. On average, equities research analysts forecast that Quintiles Transitional Holdings Inc. will post $4.58 EPS for the current fiscal year.

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In other Quintiles Transitional Holdings news, insider Ari Bousbib sold 46,080 shares of the business’s stock in a transaction 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 $98,406,389.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin C. Knightly sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $90.28, for a total transaction of $1,805,600.00. Following the completion of the transaction, the insider now owns 46,826 shares of the company’s stock, valued at approximately $4,227,451.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,198,382 shares of company stock valued at $1,361,834,375. Insiders own 6.40% of the company’s stock.

Q has been the topic of a number of analyst reports. Citigroup Inc. reaffirmed a “neutral” rating and set a $96.00 target price (up previously from $87.00) on shares of Quintiles Transitional Holdings in a research note on Wednesday, June 28th. Robert W. Baird raised Quintiles Transitional Holdings from an “underperform” rating to a “neutral” rating and upped their target price for the company from $76.00 to $93.00 in a research note on Friday, July 7th. Zacks Investment Research raised Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Thursday, July 27th. Barclays PLC reaffirmed an “overweight” rating and set a $98.00 target price (up previously from $90.00) on shares of Quintiles Transitional Holdings in a research note on Monday, July 17th. Finally, Argus upped their target price on Quintiles Transitional Holdings from $98.00 to $104.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Eleven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Quintiles Transitional Holdings presently has an average rating of “Buy” and an average target price of $93.61.

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

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