Level Four Advisory Services LLC Buys New Stake in Quintiles Transitional Holdings Inc. (Q)

Level Four Advisory Services LLC bought a new position in Quintiles Transitional Holdings Inc. (NYSE:Q) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,331 shares of the medical research company’s stock, valued at approximately $261,000.

A number of other institutional investors have also recently added to or reduced their stakes in Q. Leonard Green & Partners L.P. acquired a new position in Quintiles Transitional Holdings during the fourth quarter worth approximately $557,538,000. BlackRock Inc. increased its position in 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 in the last quarter. Glenview Capital Management LLC acquired a new position in Quintiles Transitional Holdings during the fourth quarter worth approximately $526,824,000. Norges Bank acquired a new position in Quintiles Transitional Holdings during the fourth quarter worth approximately $182,465,000. Finally, State Street Corp increased its position in Quintiles Transitional Holdings by 64.8% in the fourth quarter. State Street Corp now owns 2,776,323 shares of the medical research company’s stock worth $211,133,000 after buying an additional 1,091,300 shares in the last quarter. 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. (NYSE:Q) traded up 0.85% on Monday, reaching $87.87. 744,110 shares of the company were exchanged. The firm has a 50 day moving average price of $84.95 and a 200-day moving average price of $79.94. Quintiles Transitional Holdings Inc. has a 12-month low of $61.21 and a 12-month high of $88.43. The stock has a market capitalization of $19.33 billion, a PE ratio of 194.40 and a beta of 0.64.

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

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A number of equities analysts have recently commented on Q shares. Credit Suisse Group started coverage on shares of Quintiles Transitional Holdings in a research note on Friday, March 31st. They set an “outperform” rating and a $89.00 price objective for the company. Jefferies Group LLC restated a “hold” rating and set a $78.00 price objective on shares of Quintiles Transitional Holdings in a research note on Monday, April 3rd. 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. 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, 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $84.28.

In related news, Director Jack M. Greenberg sold 6,092 shares of Quintiles Transitional Holdings stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dennis B. Ph D. Gillings sold 860,000 shares of Quintiles Transitional Holdings stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $84.01, for a total transaction of $72,248,600.00. Following the transaction, the director now directly owns 10,002,230 shares of the company’s stock, valued at $840,287,342.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,758,400 shares of company stock valued at $735,783,985. Corporate 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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