Investors Sell Quintiles Transitional Holdings Inc. (Q) on Strength (Q)
Investors sold shares of Quintiles Transitional Holdings Inc. (NYSE:Q) on strength during trading hours on Thursday. $24.98 million flowed into the stock on the tick-up and $44.49 million flowed out of the stock on the tick-down, for a money net flow of $19.51 million out of the stock. Of all companies tracked, Quintiles Transitional Holdings had the 0th highest net out-flow for the day. Quintiles Transitional Holdings traded up $2.92 for the day and closed at $77.92
Several equities analysts have commented on Q shares. Avondale Partners downgraded Quintiles Transitional Holdings from a “market outperform” rating to a “market perform” rating and increased their price target for the company from $58.00 to $62.00 in a report on Tuesday, May 3rd. Argus reiterated a “buy” rating on shares of Quintiles Transitional Holdings in a report on Monday, June 6th. TheStreet upgraded Quintiles Transitional Holdings from a “sell” rating to a “hold” rating in a report on Monday, May 9th. Jefferies Group reiterated a “buy” rating on shares of Quintiles Transitional Holdings in a report on Wednesday, June 8th. Finally, Zacks Investment Research downgraded Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $81.37.
The stock’s 50-day moving average price is $68.77 and its 200 day moving average price is $66.17. The company has a market capitalization of $9.20 billion and a P/E ratio of 23.34.
Quintiles Transitional Holdings (NYSE:Q) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Equities analysts anticipate that Quintiles Transitional Holdings Inc. will post $3.81 EPS for the current year.
In other Quintiles Transitional Holdings news, Director Annie H. Lo bought 502 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were acquired at an average cost of $64.80 per share, with a total value of $32,529.60. Following the acquisition, the director now owns 2,062 shares of the company’s stock, valued at $133,617.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kevin K. Gordon sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $67.42, for a total value of $1,618,080.00. Following the transaction, the chief operating officer now directly owns 41,899 shares in the company, valued at $2,824,830.58. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have bought and sold shares of the company. Wells Fargo & Company MN raised its position in Quintiles Transitional Holdings by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,471,737 shares of the company’s stock worth $169,709,000 after buying an additional 511,410 shares during the last quarter. Morgan Stanley raised its position in Quintiles Transitional Holdings by 53.2% in the fourth quarter. Morgan Stanley now owns 1,279,775 shares of the company’s stock worth $87,870,000 after buying an additional 444,466 shares during the last quarter. Vanguard Group Inc. raised its position in Quintiles Transitional Holdings by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 6,938,733 shares of the company’s stock worth $476,414,000 after buying an additional 298,824 shares during the last quarter. Eagle Asset Management raised its position in Quintiles Transitional Holdings by 132.7% in the third quarter. Eagle Asset Management now owns 509,434 shares of the company’s stock worth $35,440,000 after buying an additional 290,520 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in Quintiles Transitional Holdings during the fourth quarter worth $16,332,000.
Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services. The Company is engaged in the development and commercialization of pharmaceutical therapies. The Company’s segments include Product Development and Integrated Healthcare Services.
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