Shares of Quintiles Transitional Holdings Inc. (NYSE:Q) have received an average rating of “Buy” from the twenty-three brokerages that are covering the company, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $92.38.

Q has been the topic of a number of research analyst reports. Argus boosted their price target on shares of Quintiles Transitional Holdings from $98.00 to $104.00 and gave the stock a “buy” rating in a report on Monday, September 18th. BidaskClub downgraded shares of Quintiles Transitional Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. 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 report on Thursday, July 27th. Barclays PLC set a $100.00 price objective on shares of Quintiles Transitional Holdings and gave the company a “buy” rating in a report on Friday, August 4th. Finally, KeyCorp reaffirmed a “buy” rating and set a $100.00 price objective on shares of Quintiles Transitional Holdings in a report on Sunday, September 24th.

In other Quintiles Transitional Holdings news, insider Kevin C. Knightly sold 19,339 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $99.51, for a total transaction of $1,924,423.89. Following the transaction, the insider now directly owns 40,650 shares in the company, valued at $4,045,081.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ari Bousbib sold 92,160 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $90.35, for a total transaction of $8,326,656.00. Following the transaction, the insider now owns 1,082,919 shares in the company, valued at $97,841,731.65. The disclosure for this sale can be found here. Insiders have sold 14,198,382 shares of company stock worth $1,361,834,375 over the last quarter. Company insiders own 6.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. ProShare Advisors LLC bought a new position in shares of Quintiles Transitional Holdings in the first quarter worth approximately $229,000. Russell Investments Group Ltd. grew its holdings 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 worth $4,080,000 after purchasing an additional 6,865 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Quintiles Transitional Holdings by 1.1% in the first quarter. American Century Companies Inc. now owns 11,719 shares of the medical research company’s stock worth $944,000 after purchasing an additional 128 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Quintiles Transitional Holdings by 4.7% in the first quarter. UBS Asset Management Americas Inc. now owns 400,657 shares of the medical research company’s stock worth $32,265,000 after purchasing an additional 18,040 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Quintiles Transitional Holdings by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,738 shares of the medical research company’s stock worth $301,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Shares of Quintiles Transitional Holdings (NYSE:Q) traded up 0.37% during mid-day trading on Friday, reaching $95.60. 1,257,246 shares of the company’s stock were exchanged. The company has a market cap of $20.70 billion, a PE ratio of 277.10 and a beta of 0.62. The company’s 50-day moving average price is $95.20 and its 200 day moving average price is $88.00. Quintiles Transitional Holdings has a 52-week low of $70.10 and a 52-week high of $99.95.

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

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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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