Quintiles Transitional Holdings Inc. (Q) Rating Reiterated by Robert W. Baird

Robert W. Baird reissued their hold rating on shares of Quintiles Transitional Holdings Inc. (NYSE:Q) in a research note released on Monday morning. The firm currently has a $98.00 target price on the medical research company’s stock.

Q has been the topic of a number of other research reports. Zacks Investment Research raised shares of Quintiles Transitional Holdings from a hold rating to a buy rating and set a $101.00 price objective on the stock in a research report on Thursday, July 27th. BidaskClub raised shares of Quintiles Transitional Holdings from a buy rating to a strong-buy rating in a research report on Saturday, August 19th. Argus lifted their price objective on shares of Quintiles Transitional Holdings from $98.00 to $104.00 and gave the stock a buy rating in a research report on Monday, September 18th. Citigroup Inc. reaffirmed a neutral rating and issued a $96.00 price objective (up previously from $87.00) on shares of Quintiles Transitional Holdings in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $92.00 price objective (up previously from $87.00) on shares of Quintiles Transitional Holdings in a research report on Friday, August 4th. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Quintiles Transitional Holdings presently has a consensus rating of Buy and an average target price of $93.61.

Shares of Quintiles Transitional Holdings (Q) opened at 98.50 on Monday. The stock’s 50 day moving average is $95.82 and its 200-day moving average is $88.72. Quintiles Transitional Holdings has a 12-month low of $70.10 and a 12-month high of $99.95. The stock has a market cap of $21.33 billion, a PE ratio of 285.51 and a beta of 0.62.

Quintiles Transitional Holdings (NYSE:Q) last issued its quarterly earnings data on Thursday, August 3rd. The medical research company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. Quintiles Transitional Holdings had a net margin of 0.82% and a return on equity of 14.23%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 68.7% compared to the same quarter last year. Equities analysts expect that Quintiles Transitional Holdings will post $4.58 EPS for the current year.

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In other news, insider Ari Bousbib sold 46,080 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $94.91, for a total value of $4,373,452.80. Following the sale, the insider now directly owns 1,036,839 shares of the company’s stock, valued at approximately $98,406,389.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis B. Ph D. Gillings sold 968,023 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $97.33, for a total transaction of $94,217,678.59. Following the completion of the sale, the director now directly owns 9,071,839 shares in the company, valued at $882,962,089.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,198,382 shares of company stock worth $1,361,834,375. 6.40% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Quintiles Transitional Holdings by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 12,789,723 shares of the medical research company’s stock valued at $1,144,680,000 after acquiring an additional 280,893 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Quintiles Transitional Holdings by 4,217.1% in the 1st quarter. BlackRock Inc. now owns 7,098,723 shares of the medical research company’s stock valued at $571,660,000 after acquiring an additional 6,934,290 shares during the last quarter. KBC Group NV boosted its holdings in shares of Quintiles Transitional Holdings by 53.3% in the 2nd quarter. KBC Group NV now owns 18,959 shares of the medical research company’s stock valued at $1,697,000 after acquiring an additional 6,591 shares during the last quarter. Key Square Capital Management LLC purchased a new stake in shares of Quintiles Transitional Holdings in the 2nd quarter valued at $2,738,000. Finally, AXA boosted its holdings in shares of Quintiles Transitional Holdings by 85.4% in the 2nd quarter. AXA now owns 251,830 shares of the medical research company’s stock valued at $22,539,000 after acquiring an additional 115,993 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Quintiles Transitional Holdings (NYSE:Q)

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