Bbva Compass Bancshares Inc. Boosts Position in Quintiles Transitional Holdings Inc. (NYSE:Q)
Bbva Compass Bancshares Inc. boosted its position in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,204 shares of the medical research company’s stock after buying an additional 88 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Quintiles Transitional Holdings were worth $197,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Teachers Advisors LLC raised its stake in Quintiles Transitional Holdings by 86.1% in the fourth quarter. Teachers Advisors LLC now owns 308,433 shares of the medical research company’s stock valued at $23,456,000 after buying an additional 142,727 shares in the last quarter. Creative Planning raised its stake in Quintiles Transitional Holdings by 35.4% in the first quarter. Creative Planning now owns 4,482 shares of the medical research company’s stock valued at $361,000 after buying an additional 1,172 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in Quintiles Transitional Holdings by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 49,056 shares of the medical research company’s stock valued at $3,950,000 after buying an additional 545 shares in the last quarter. National Pension Service bought a new stake in Quintiles Transitional Holdings during the first quarter valued at about $11,120,000. Finally, Capstone Asset Management Co. raised its stake in Quintiles Transitional Holdings by 7.6% in the first quarter. Capstone Asset Management Co. now owns 9,226 shares of the medical research company’s stock valued at $743,000 after buying an additional 650 shares in the last quarter. Institutional investors own 91.83% of the company’s stock.
Shares of Quintiles Transitional Holdings Inc. (NYSE:Q) opened at 87.57 on Friday. The stock has a market capitalization of $18.96 billion, a P/E ratio of 253.83 and a beta of 0.64. The company has a 50 day moving average price of $90.07 and a 200-day moving average price of $83.42. Quintiles Transitional Holdings Inc. has a 52-week low of $70.10 and a 52-week high of $93.53.
Quintiles Transitional Holdings (NYSE:Q) last posted its earnings results on Thursday, August 3rd. The medical research company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. Quintiles Transitional Holdings had a return on equity of 14.23% and a net margin of 0.82%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 68.7% on a year-over-year basis. On average, analysts predict that Quintiles Transitional Holdings Inc. will post $4.58 earnings per share for the current fiscal year.
Quintiles Transitional Holdings declared that its Board of Directors has authorized a stock buyback program on Wednesday, May 24th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the medical research company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
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Several analysts have issued reports on Q shares. Zacks Investment Research lowered Quintiles Transitional Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Mizuho boosted their price target on Quintiles Transitional Holdings from $90.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, May 4th. Evercore ISI reissued an “in-line” rating and set a $88.50 price target (up previously from $84.00) on shares of Quintiles Transitional Holdings in a report on Thursday, May 4th. Jefferies Group LLC reissued a “hold” rating and set a $81.00 price target (up previously from $78.00) on shares of Quintiles Transitional Holdings in a report on Friday, May 5th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $96.00 price target (up previously from $94.00) on shares of Quintiles Transitional Holdings in a report on Tuesday, June 6th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $89.94.
In other news, major shareholder Cpp Investment Board Private H sold 7,131,165 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $84.01, for a total transaction of $599,089,171.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jack M. Greenberg sold 6,092 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $82.50, for a total value of $502,590.00. Following the transaction, the director now owns 2,930 shares in the company, valued at $241,725. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,850,560 shares of company stock worth $744,110,641. 6.40% of the stock is currently owned by insiders.
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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