Laurion Capital Management LP Takes Position in Quintiles Transitional Holdings Inc. (Q)

Laurion Capital Management LP acquired a new stake in Quintiles Transitional Holdings Inc. (NYSE:Q) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 609,055 shares of the medical research company’s stock, valued at approximately $54,510,000. Quintiles Transitional Holdings makes up about 0.3% of Laurion Capital Management LP’s portfolio, making the stock its 16th largest holding. Laurion Capital Management LP owned approximately 0.28% of Quintiles Transitional Holdings at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Quintiles Transitional Holdings by 4,217.1% in the 1st quarter. BlackRock Inc. now owns 7,098,723 shares of the medical research company’s stock valued at $571,660,000 after acquiring an additional 6,934,290 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Quintiles Transitional Holdings in the 1st quarter valued at $4,395,000. KBC Group NV increased its stake in shares of Quintiles Transitional Holdings by 53.3% in the 2nd quarter. KBC Group NV now owns 18,959 shares of the medical research company’s stock valued at $1,697,000 after purchasing an additional 6,591 shares during the last quarter. Russell Investments Group Ltd. increased its stake 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 valued at $4,080,000 after purchasing an additional 6,865 shares during the last quarter. Finally, Isthmus Partners LLC increased its stake in shares of Quintiles Transitional Holdings by 0.3% in the 1st quarter. Isthmus Partners LLC now owns 84,192 shares of the medical research company’s stock valued at $6,780,000 after purchasing an additional 256 shares during the last quarter. 91.36% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Ari Bousbib sold 46,080 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $95.65, for a total value of $4,407,552.00. Following the sale, the insider now directly owns 1,036,839 shares of the company’s stock, valued at $99,173,650.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cpp Investment Board Private H sold 5,218,245 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $97.33, for a total value of $507,891,785.85. The disclosure for this sale can be found here. Insiders sold 6,363,847 shares of company stock worth $618,573,696 over the last three months. 6.40% of the stock is owned by insiders.

Q has been the topic of several recent analyst reports. Citigroup Inc. reiterated a “neutral” rating and issued a $96.00 price target (up previously from $87.00) on shares of Quintiles Transitional Holdings in a research note on Wednesday, June 28th. Robert W. Baird upgraded 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 note on Friday, July 7th. Zacks Investment Research upgraded Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research note on Thursday, July 27th. Credit Suisse Group reiterated 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. Finally, Barclays PLC reiterated an “overweight” rating and issued a $98.00 price target (up previously from $90.00) on shares of Quintiles Transitional Holdings in a research note on Monday, July 17th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $90.25.

Shares of Quintiles Transitional Holdings Inc. (NYSE:Q) traded down 1.03% on Friday, hitting $94.47. The stock had a trading volume of 5,759,583 shares. The firm has a 50 day moving average of $93.55 and a 200-day moving average of $86.47. The firm has a market capitalization of $20.46 billion, a price-to-earnings ratio of 273.83 and a beta of 0.63. Quintiles Transitional Holdings Inc. has a 1-year low of $70.10 and a 1-year high of $99.95.

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

Quintiles Transitional Holdings announced that its Board of Directors has approved a stock buyback program on Wednesday, May 24th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the medical research company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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Quintiles Transitional Holdings Profile

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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