SG Americas Securities LLC lowered its holdings in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) by 84.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,430 shares of the medical research company’s stock after selling 13,395 shares during the period. SG Americas Securities LLC’s holdings in Quintiles Transitional Holdings were worth $217,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. ProShare Advisors LLC purchased a new stake in shares of Quintiles Transitional Holdings in the 1st quarter worth about $229,000. Strs Ohio lifted its position in shares of Quintiles Transitional Holdings by 2.0% in the 1st quarter. Strs Ohio now owns 8,594 shares of the medical research company’s stock worth $692,000 after purchasing an additional 167 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Quintiles Transitional Holdings by 15.7% in the 1st 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 period. American Century Companies Inc. lifted its position in shares of Quintiles Transitional Holdings by 1.1% in the 1st 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 period. Finally, Suntrust Banks Inc. lifted its position in shares of Quintiles Transitional Holdings by 24.9% in the 1st quarter. Suntrust Banks Inc. now owns 7,101 shares of the medical research company’s stock worth $570,000 after purchasing an additional 1,414 shares during the period. 91.34% of the stock is currently owned by institutional investors.

Quintiles Transitional Holdings Inc. (Q) opened at 95.07 on Tuesday. The stock has a 50 day moving average of $93.68 and a 200 day moving average of $86.73. The stock has a market cap of $20.59 billion, a P/E ratio of 275.57 and a beta of 0.63. Quintiles Transitional Holdings Inc. has a 12-month low of $70.10 and a 12-month high of $99.95.

Quintiles Transitional Holdings (NYSE:Q) last announced its earnings results on Thursday, August 3rd. The medical research company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.96 billion. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue was up 68.7% on a year-over-year basis. On average, equities research analysts anticipate that Quintiles Transitional Holdings Inc. will post $4.58 earnings per share for the current fiscal year.

Quintiles Transitional Holdings announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 24th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the medical research company to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

In other news, insider Kevin C. Knightly sold 20,000 shares of Quintiles Transitional Holdings stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $90.28, for a total transaction of $1,805,600.00. Following the transaction, the insider now owns 46,826 shares in the company, valued at approximately $4,227,451.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kevin C. Knightly sold 19,339 shares of Quintiles Transitional Holdings stock in a transaction on Friday, August 25th. The stock was sold at an average price of $99.51, for a total value of $1,924,423.89. Following the transaction, the insider now owns 40,650 shares in the company, valued at approximately $4,045,081.50. The disclosure for this sale can be found here. Insiders have sold a total of 6,363,847 shares of company stock worth $618,573,696 in the last quarter. Insiders own 6.40% of the company’s stock.

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Q has been the subject of several research analyst reports. Zacks Investment Research raised shares of Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 target price for the company 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. Robert W. Baird raised shares of Quintiles Transitional Holdings from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $76.00 to $93.00 in a research report on Friday, July 7th. Credit Suisse Group reissued an “outperform” rating and set a $96.00 price target (up from $94.00) on shares of Quintiles Transitional Holdings in a research report on Tuesday, June 6th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $92.00 price target (up 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’s stock. Quintiles Transitional Holdings presently has an average rating of “Buy” and a consensus target price of $91.05.

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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