Daiwa Securities Group Inc. Sells 50,525 Shares of Quintiles Transitional Holdings Inc. (NYSE:Q)

Daiwa Securities Group Inc. cut its position in Quintiles Transitional Holdings Inc. (NYSE:Q) by 52.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,322 shares of the medical research company’s stock after selling 50,525 shares during the period. Daiwa Securities Group Inc.’s holdings in Quintiles Transitional Holdings were worth $4,146,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Quintiles Transitional Holdings by 0.9% in the first quarter. Vanguard Group Inc. now owns 12,508,830 shares of the medical research company’s stock worth $1,007,336,000 after buying an additional 113,613 shares during the last quarter. Longview Partners Guernsey LTD raised its stake in shares of Quintiles Transitional Holdings by 6.2% in the second quarter. Longview Partners Guernsey LTD now owns 8,711,447 shares of the medical research company’s stock worth $779,675,000 after buying an additional 505,526 shares during the last quarter. Janus Capital Management LLC raised its stake in shares of Quintiles Transitional Holdings by 0.4% in the first quarter. Janus Capital Management LLC now owns 7,783,546 shares of the medical research company’s stock worth $626,804,000 after buying an additional 27,675 shares during the last quarter. BlackRock Inc. raised its stake in shares of Quintiles Transitional Holdings by 4,217.1% in the first quarter. BlackRock Inc. now owns 7,098,723 shares of the medical research company’s stock worth $571,660,000 after buying an additional 6,934,290 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Quintiles Transitional Holdings by 2.6% in the first quarter. State Street Corp now owns 2,847,886 shares of the medical research company’s stock worth $229,337,000 after buying an additional 71,563 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Quintiles Transitional Holdings Inc. (NYSE:Q) opened at 91.19 on Tuesday. The company has a 50-day moving average of $89.50 and a 200-day moving average of $82.85. The company has a market cap of $20.07 billion, a PE ratio of 201.75 and a beta of 0.64. Quintiles Transitional Holdings Inc. has a 52 week low of $70.10 and a 52 week high of $92.54.

Quintiles Transitional Holdings (NYSE:Q) last issued its quarterly earnings results on Thursday, August 3rd. The medical research company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.96 billion. Quintiles Transitional Holdings had a return on equity of 15.68% and a net margin of 0.82%. The company’s quarterly revenue was up 68.7% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. On average, equities analysts expect that Quintiles Transitional Holdings Inc. will post $4.57 EPS for the current year.

Quintiles Transitional Holdings announced that its board has approved a share buyback program on Wednesday, May 24th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the medical research company to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

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Several brokerages recently commented on Q. Citigroup Inc. reaffirmed a “neutral” rating and issued a $96.00 target price (up from $87.00) on shares of Quintiles Transitional Holdings in a research note on Wednesday, June 28th. Robert W. Baird raised shares of Quintiles Transitional Holdings from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $76.00 to $93.00 in a research note on Friday, July 7th. 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. Credit Suisse Group reaffirmed an “outperform” rating and issued a $96.00 target price (up from $94.00) on shares of Quintiles Transitional Holdings in a research note on Tuesday, June 6th. Finally, Mizuho lifted their target price 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. Eleven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Quintiles Transitional Holdings has an average rating of “Hold” and an average price target of $89.94.

In related news, insider Ari Bousbib sold 92,160 shares of Quintiles Transitional Holdings stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $90.35, for a total transaction of $8,326,656.00. Following the completion of the sale, the insider now owns 1,082,919 shares of the company’s stock, valued at $97,841,731.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Danhakl sold 761,143 shares of Quintiles Transitional Holdings stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $84.01, for a total value of $63,943,623.43. The disclosure for this sale can be found here. In the last three months, insiders sold 8,850,560 shares of company stock valued at $744,110,641. Corporate insiders own 6.40% of the company’s stock.

About Quintiles Transitional Holdings

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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