Jennison Associates LLC Buys 166,820 Shares of Quintiles Transitional Holdings Inc. (Q)

Jennison Associates LLC increased its stake in Quintiles Transitional Holdings Inc. (NYSE:Q) by 24.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 862,184 shares of the medical research company’s stock after buying an additional 166,820 shares during the period. Jennison Associates LLC owned 0.41% of Quintiles Transitional Holdings worth $81,968,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of Q. Janus Henderson Group PLC grew its stake in shares of Quintiles Transitional Holdings by 33,092.0% in the 2nd quarter. Janus Henderson Group PLC now owns 6,531,857 shares of the medical research company’s stock worth $584,601,000 after buying an additional 6,512,178 shares during the last quarter. Glenview Capital Management LLC grew its stake in shares of Quintiles Transitional Holdings by 29.3% in the 2nd quarter. Glenview Capital Management LLC now owns 8,921,356 shares of the medical research company’s stock worth $798,461,000 after buying an additional 2,023,719 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Quintiles Transitional Holdings by 103.8% in the 2nd quarter. Royal Bank of Canada now owns 59,335 shares of the medical research company’s stock worth $5,310,000 after buying an additional 1,601,888 shares during the last quarter. Discovery Capital Management LLC CT purchased a new stake in shares of Quintiles Transitional Holdings in the 2nd quarter worth approximately $95,228,000. Finally, Laurion Capital Management LP purchased a new stake in shares of Quintiles Transitional Holdings in the 2nd quarter worth approximately $54,510,000. Institutional investors own 94.04% of the company’s stock.

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Quintiles Transitional Holdings Inc. (Q) traded up $0.54 during trading hours on Monday, hitting $104.05. The stock had a trading volume of 1,138,100 shares, compared to its average volume of 1,501,350. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $21,987.17, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.73 and a beta of 0.65. Quintiles Transitional Holdings Inc. has a 52-week low of $71.90 and a 52-week high of $110.67.

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

In other Quintiles Transitional Holdings news, insider Ari Bousbib sold 46,080 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 1,036,839 shares in the company, valued at approximately $99,173,650.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack M. Greenberg sold 33,400 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $108.07, for a total value of $3,609,538.00. The disclosure for this sale can be found here. Insiders sold a total of 14,175,702 shares of company stock valued at $1,361,299,848 in the last quarter. 6.40% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on Q shares. Zacks Investment Research raised Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research report on Thursday, July 27th. KeyCorp reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Quintiles Transitional Holdings in a research report on Friday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $110.00 price objective (up from $98.00) on shares of Quintiles Transitional Holdings in a research report on Monday, October 16th. BidaskClub raised Quintiles Transitional Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Finally, Robert W. Baird reissued a “hold” rating and set a $98.00 price target on shares of Quintiles Transitional Holdings in a report on Monday, October 9th. Eleven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $103.15.

Quintiles Transitional Holdings Company 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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