National Asset Management Inc. Cuts Stake in Quintiles Transitional Holdings Inc. (Q)

National Asset Management Inc. decreased its position in Quintiles Transitional Holdings Inc. (NYSE:Q) by 12.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,432 shares of the medical research company’s stock after selling 506 shares during the period. National Asset Management Inc.’s holdings in Quintiles Transitional Holdings were worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Global X Management Co. LLC boosted its position in 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 buying an additional 346 shares during the period. IFP Advisors Inc boosted its position in Quintiles Transitional Holdings by 187.1% in the first quarter. IFP Advisors Inc now owns 1,774 shares of the medical research company’s stock worth $143,000 after buying an additional 1,156 shares during the period. Bessemer Group Inc. purchased a new position in Quintiles Transitional Holdings during the fourth quarter worth about $136,000. Bbva Compass Bancshares Inc. purchased a new position in Quintiles Transitional Holdings during the first quarter worth about $170,000. Finally, Toronto Dominion Bank boosted its position in Quintiles Transitional Holdings by 18.7% in the first quarter. Toronto Dominion Bank now owns 2,153 shares of the medical research company’s stock worth $173,000 after buying an additional 339 shares during the period. Hedge funds and other institutional investors own 92.54% of the company’s stock.

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

Shares of Quintiles Transitional Holdings Inc. (Q) traded up 0.59% during midday trading on Tuesday, reaching $88.39. 897,307 shares of the company traded hands. The company has a 50-day moving average of $85.05 and a 200 day moving average of $80.07. Quintiles Transitional Holdings Inc. has a 12-month low of $61.21 and a 12-month high of $88.70. The firm has a market capitalization of $19.45 billion, a PE ratio of 195.55 and a beta of 0.64.

Quintiles Transitional Holdings (NYSE:Q) last posted its quarterly earnings data on Wednesday, May 3rd. The medical research company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.06. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.91 billion. Quintiles Transitional Holdings had a net margin of 1.06% and a return on equity of 18.03%. The company’s revenue for the quarter was up 72.5% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. On average, equities analysts forecast that Quintiles Transitional Holdings Inc. will post $4.54 earnings per share for the current year.

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A number of equities analysts have issued reports on the company. Credit Suisse Group reiterated an “outperform” rating and set a $96.00 target price (up previously from $94.00) on shares of Quintiles Transitional Holdings in a report on Tuesday, June 6th. Evercore ISI restated an “in-line” rating and set a $88.50 price objective (up from $84.00) on shares of Quintiles Transitional Holdings in a research note on Thursday, May 4th. Jefferies Group LLC increased their price objective on shares of Quintiles Transitional Holdings from $78.00 to $81.00 and gave the stock a “hold” rating in a research note on Monday, May 15th. Mizuho increased their price objective on shares of Quintiles Transitional Holdings from $90.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. Finally, Zacks Investment Research downgraded shares of Quintiles Transitional Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Quintiles Transitional Holdings presently has an average rating of “Hold” and a consensus target price of $84.28.

In other news, Director Jack M. Greenberg sold 6,092 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $82.50, for a total transaction of $502,590.00. Following the completion of the transaction, the director now directly owns 2,930 shares of the company’s stock, valued at approximately $241,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cpp Investment Board Private H sold 7,131,165 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $84.01, for a total transaction of $599,089,171.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,758,400 shares of company stock valued at $735,783,985. Company insiders own 6.40% of the company’s stock.

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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