Montag & Caldwell LLC lowered its stake in Quintiles Transitional Holdings Inc. (NYSE:Q) by 59.0% during the second quarter, Holdings Channel reports. The fund owned 4,246 shares of the medical research company’s stock after selling 6,100 shares during the period. Montag & Caldwell LLC’s holdings in Quintiles Transitional Holdings were worth $380,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in shares of Quintiles Transitional Holdings by 15.7% in the first quarter. Russell Investments Group Ltd. now owns 50,658 shares of the medical research company’s stock valued at $4,080,000 after buying an additional 6,865 shares during the last quarter. Strs Ohio raised its stake in shares of Quintiles Transitional Holdings by 2.0% in the first quarter. Strs Ohio now owns 8,594 shares of the medical research company’s stock valued at $692,000 after buying an additional 167 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of Quintiles Transitional Holdings by 1.0% in the first quarter. Shell Asset Management Co. now owns 8,769 shares of the medical research company’s stock valued at $706,000 after buying an additional 83 shares in the last quarter. John G Ullman & Associates Inc. bought a new stake in shares of Quintiles Transitional Holdings during the first quarter valued at approximately $290,000. Finally, ProShare Advisors LLC bought a new stake in shares of Quintiles Transitional Holdings during the first quarter valued at approximately $229,000. 91.83% of the stock is currently owned by institutional investors.

Quintiles Transitional Holdings Inc. (NYSE Q) opened at 88.91 on Friday. Quintiles Transitional Holdings Inc. has a 12 month low of $70.10 and a 12 month high of $93.53. The firm has a 50-day moving average price of $90.01 and a 200 day moving average price of $83.51. The company has a market cap of $19.25 billion, a P/E ratio of 257.71 and a beta of 0.64.

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

Quintiles Transitional Holdings declared that its Board of Directors has approved a share buyback plan on Wednesday, May 24th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the medical research company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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Q has been the topic of several recent analyst reports. Zacks Investment Research lowered Quintiles Transitional Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Robert W. Baird raised Quintiles Transitional Holdings from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $76.00 to $93.00 in a research note on Friday, July 7th. Jefferies Group LLC boosted their price target on Quintiles Transitional Holdings from $78.00 to $81.00 and gave the company a “hold” rating in a research note on Monday, May 15th. Evercore ISI reaffirmed an “in-line” rating and issued a $88.50 price target (up previously from $84.00) on shares of Quintiles Transitional Holdings in a research note on Thursday, May 4th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $96.00 price target (up previously from $94.00) on shares of Quintiles Transitional Holdings in a research note on Tuesday, June 6th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $89.94.

In other Quintiles Transitional Holdings news, Director Jack M. Greenberg sold 6,092 shares of the firm’s stock in a transaction 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 sale, the director now owns 2,930 shares of the company’s stock, valued at approximately $241,725. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Cpp Investment Board Private H sold 7,131,165 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were 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 ninety days, insiders sold 8,870,560 shares of company stock worth $745,916,241. Company 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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