State of Tennessee Treasury Department Acquires New Stake in Quintiles Transitional Holdings Inc. (Q)

State of Tennessee Treasury Department acquired a new stake in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 61,358 shares of the medical research company’s stock, valued at approximately $5,834,000.

A number of other institutional investors also recently modified their holdings of Q. Fiduciary Trust Co. purchased a new stake in Quintiles Transitional Holdings during the second quarter valued at approximately $105,000. GWM Advisors LLC purchased a new stake in Quintiles Transitional Holdings during the second quarter valued at approximately $122,000. Korea Investment CORP increased its holdings in Quintiles Transitional Holdings by 142.5% during the second quarter. Korea Investment CORP now owns 1,370 shares of the medical research company’s stock valued at $123,000 after buying an additional 805 shares during the last quarter. Citigroup Inc. increased its holdings in Quintiles Transitional Holdings by 15.5% during the second quarter. Citigroup Inc. now owns 1,858 shares of the medical research company’s stock valued at $167,000 after buying an additional 250 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. increased its holdings in Quintiles Transitional Holdings by 4.2% during the second quarter. Bbva Compass Bancshares Inc. now owns 2,204 shares of the medical research company’s stock valued at $197,000 after buying an additional 88 shares during the last quarter. Institutional investors own 94.04% of the company’s stock.

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A number of analysts have recently issued reports on Q shares. KeyCorp reissued a “sector weight” rating and issued a $100.00 price objective on shares of Quintiles Transitional Holdings in a research note on Friday. Morgan Stanley increased their price objective on shares of Quintiles Transitional Holdings from $96.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Mizuho cut shares of Quintiles Transitional Holdings from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research note on Thursday, November 9th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $114.00 price objective on shares of Quintiles Transitional Holdings in a research note on Friday, November 3rd. Finally, Zacks Investment Research cut shares of Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Quintiles Transitional Holdings presently has an average rating of “Buy” and an average target price of $103.15.

Quintiles Transitional Holdings Inc. (NYSE:Q) opened at $102.91 on Tuesday. Quintiles Transitional Holdings Inc. has a 12-month low of $71.90 and a 12-month high of $110.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.22 and a current ratio of 1.22. The company 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 (NYSE:Q) last released its quarterly earnings data on Thursday, October 26th. The medical research company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Quintiles Transitional Holdings had a net margin of 0.58% and a return on equity of 12.60%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $1.00 earnings per share. Quintiles Transitional Holdings’s quarterly revenue was up 77.6% compared to the same quarter last year. equities research analysts forecast that Quintiles Transitional Holdings Inc. will post 4.62 EPS for the current fiscal year.

In related news, Director Jack M. Greenberg sold 33,400 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $108.07, for a total value of $3,609,538.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $4,407,552.00. Following the completion of the transaction, the insider now directly owns 1,036,839 shares in the company, valued at approximately $99,173,650.35. 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 90 days. Company insiders own 6.40% of the company’s stock.

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.

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

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