Sciencast Management LP Purchases New Position in Quintiles Transitional Holdings Inc. (Q)

Sciencast Management LP purchased a new stake in Quintiles Transitional Holdings Inc. (NYSE:Q) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,300 shares of the medical research company’s stock, valued at approximately $206,000.

Other hedge funds have also recently made changes to their positions in the company. Fiduciary Trust Co. acquired a new stake in Quintiles Transitional Holdings in the second quarter valued at $105,000. Global X Management Co. LLC lifted its stake 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 valued at $118,000 after acquiring an additional 346 shares during the last quarter. Korea Investment CORP lifted its stake in 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 acquiring an additional 805 shares during the last quarter. Archford Capital Strategies LLC acquired a new stake in Quintiles Transitional Holdings in the first quarter valued at $160,000. Finally, Citigroup Inc. lifted its stake in Quintiles Transitional Holdings by 15.5% in the second quarter. Citigroup Inc. now owns 1,858 shares of the medical research company’s stock valued at $167,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

A number of research firms have recently issued reports on Q. BidaskClub upgraded shares of Quintiles Transitional Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Zacks Investment Research cut shares of Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup Inc. restated 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 upgraded shares of Quintiles Transitional Holdings from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $76.00 to $93.00 in a research note on Friday, July 7th. Finally, Royal Bank Of Canada began coverage on shares of Quintiles Transitional Holdings in a research note on Tuesday, September 19th. They set an “outperform” rating and a $116.00 target price for the company. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Quintiles Transitional Holdings has an average rating of “Buy” and an average target price of $93.61.

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In other news, major shareholder Cpp Investment Board Private H sold 6,748,026 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $94.87, for a total value of $640,185,226.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kevin C. Knightly sold 20,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 46,826 shares in the company, valued at $4,227,451.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,198,382 shares of company stock worth $1,361,834,375. Insiders own 6.40% of the company’s stock.

Shares of Quintiles Transitional Holdings Inc. (NYSE Q) traded up 0.50% during mid-day trading on Thursday, reaching $98.25. 65,772 shares of the company’s stock traded hands. The firm has a 50-day moving average of $95.69 and a 200 day moving average of $88.65. The company has a market cap of $21.27 billion, a P/E ratio of 284.78 and a beta of 0.62. 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 released its quarterly earnings data on Thursday, August 3rd. The medical research company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.04. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.96 billion. Quintiles Transitional Holdings had a net margin of 0.82% and a return on equity of 14.23%. The company’s revenue was up 68.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. Equities analysts forecast that Quintiles Transitional Holdings Inc. will post $4.58 EPS for the current year.

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.

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

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