Level Four Advisory Services LLC Purchases New Position in Quintiles Transitional Holdings Inc. (NYSE:Q)

Level Four Advisory Services LLC purchased a new position in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,331 shares of the medical research company’s stock, valued at approximately $261,000.

Several other institutional investors also recently made changes to their positions in Q. Russell Investments Group Ltd. purchased a new stake in Quintiles Transitional Holdings during the fourth quarter valued at about $3,323,000. Bessemer Group Inc. bought a new stake in Quintiles Transitional Holdings during the fourth quarter valued at $136,000. Commerzbank Aktiengesellschaft FI increased its stake in Quintiles Transitional Holdings by 49.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 5,682 shares of the medical research company’s stock valued at $432,000 after buying an additional 1,881 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Quintiles Transitional Holdings by 62.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 176,220 shares of the medical research company’s stock valued at $13,402,000 after buying an additional 68,055 shares during the last quarter. Finally, Comerica Bank bought a new stake in Quintiles Transitional Holdings during the fourth quarter valued at $600,000. Institutional investors own 92.54% of the company’s stock.

Quintiles Transitional Holdings Inc. (NYSE:Q) traded up 1.13% during mid-day trading on Friday, hitting $88.85. 954,521 shares of the company traded hands. Quintiles Transitional Holdings Inc. has a one year low of $65.01 and a one year high of $91.81. The company’s 50-day moving average is $86.48 and its 200-day moving average is $80.79. The stock has a market capitalization of $19.55 billion, a price-to-earnings ratio of 196.57 and a beta of 0.64.

Quintiles Transitional Holdings (NYSE:Q) last issued its earnings results on Wednesday, May 3rd. The medical research company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.95 by $0.06. Quintiles Transitional Holdings had a return on equity of 18.03% and a net margin of 1.06%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the company earned $0.89 EPS. The firm’s revenue was up 72.5% compared to the same quarter last year. Analysts predict that Quintiles Transitional Holdings Inc. will post $4.54 EPS for the current year.

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Several research analysts have recently commented on the stock. Robert W. Baird raised shares of Quintiles Transitional Holdings from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $76.00 to $93.00 in a research note on Friday. Citigroup Inc. reaffirmed a “neutral” rating and issued a $96.00 price target (up from $87.00) on shares of Quintiles Transitional Holdings in a research note on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $81.00 price target (up from $78.00) on shares of Quintiles Transitional Holdings in a research note on Friday, May 5th. Mizuho upped their price target 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, Credit Suisse Group reiterated an “outperform” rating and issued a $96.00 target price (up from $94.00) on shares of Quintiles Transitional Holdings in a report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. Quintiles Transitional Holdings currently has a consensus rating of “Hold” and an average price target of $86.78.

In other Quintiles Transitional Holdings news, Director John G. Danhakl sold 761,143 shares of Quintiles Transitional Holdings stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $84.01, for a total value of $63,943,623.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Cpp Investment Board Private H sold 7,131,165 shares of Quintiles Transitional Holdings stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $84.01, for a total value of $599,089,171.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,758,400 shares of company stock valued at $735,783,985. 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.

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

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