Westpac Banking Corp reduced its position in Quintiles Transitional Holdings Inc. (NYSE:Q) by 7.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,445 shares of the medical research company’s stock after selling 5,625 shares during the quarter. Westpac Banking Corp’s holdings in Quintiles Transitional Holdings were worth $6,792,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its position in Quintiles Transitional Holdings by 24.6% during the first quarter. Prudential Financial Inc. now owns 18,721 shares of the medical research company’s stock valued at $1,508,000 after purchasing an additional 3,700 shares during the last quarter. FMR LLC lifted its position in Quintiles Transitional Holdings by 11.2% during the first quarter. FMR LLC now owns 215,936 shares of the medical research company’s stock valued at $17,389,000 after purchasing an additional 21,742 shares during the last quarter. Teachers Advisors LLC lifted its position in Quintiles Transitional Holdings by 23.6% during the first quarter. Teachers Advisors LLC now owns 381,161 shares of the medical research company’s stock valued at $30,695,000 after purchasing an additional 72,728 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Quintiles Transitional Holdings by 43.9% during the first quarter. Dimensional Fund Advisors LP now owns 609,628 shares of the medical research company’s stock valued at $49,089,000 after purchasing an additional 186,027 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Quintiles Transitional Holdings during the first quarter valued at approximately $4,957,000. Institutional investors own 93.03% of the company’s stock.

In related news, 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 value of $8,326,656.00. Following the completion of the sale, the insider now directly owns 1,082,919 shares of the company’s stock, valued at approximately $97,841,731.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin C. Knightly sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $90.28, for a total transaction of $1,805,600.00. Following the sale, the insider now directly owns 46,826 shares of the company’s stock, valued at $4,227,451.28. The disclosure for this sale can be found here. Insiders have sold a total of 14,254,462 shares of company stock valued at $1,367,822,566 in the last ninety days. Insiders own 6.40% of the company’s stock.

A number of brokerages have recently weighed in on Q. SunTrust Banks, Inc. restated a “hold” rating and issued a $114.00 price objective on shares of Quintiles Transitional Holdings in a report on Friday. Jefferies Group LLC boosted their price objective on shares of Quintiles Transitional Holdings from $107.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, October 30th. Zacks Investment Research lowered shares of Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a report on Friday. Credit Suisse Group restated an “outperform” rating and issued a $125.00 price objective (up from $115.00) on shares of Quintiles Transitional Holdings in a report on Tuesday. Finally, Stifel Nicolaus upgraded shares of Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $92.00 to $128.00 in a report on Friday, October 27th. Ten investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Quintiles Transitional Holdings presently has a consensus rating of “Buy” and an average price target of $102.33.

Quintiles Transitional Holdings Inc. (Q) opened at $108.02 on Friday. The company has a market capitalization of $22.67 billion, a PE ratio of 24.50, a PEG ratio of 1.78 and a beta of 0.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.23 and a current ratio of 1.22.

Quintiles Transitional Holdings (NYSE:Q) last posted its earnings results on Thursday, October 26th. The medical research company reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Quintiles Transitional Holdings had a net margin of 0.58% and a return on equity of 12.60%. The business’s revenue for the quarter was up 77.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. equities analysts expect that Quintiles Transitional Holdings Inc. will post 4.62 earnings per share 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.

Institutional Ownership by Quarter for Quintiles Transitional Holdings (NYSE:Q)

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