Quintiles Transitional Holdings Inc. (NYSE:Q) shares fell 1.8% during mid-day trading on Monday . The stock traded as low as $76.31 and last traded at $76.37, with a volume of 398,680 shares traded. The stock had previously closed at $77.78.

Several research firms have recently commented on Q. Jefferies Group reaffirmed a “buy” rating on shares of Quintiles Transitional Holdings in a research note on Wednesday, May 4th. Avondale Partners downgraded Quintiles Transitional Holdings from a “market outperform” rating to a “market perform” rating and raised their price objective for the stock from $58.00 to $62.00 in a research note on Tuesday, May 3rd. Robert W. Baird downgraded Quintiles Transitional Holdings from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $76.00 to $74.00 in a research note on Wednesday, May 4th. Citigroup Inc. downgraded Quintiles Transitional Holdings from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $76.00 to $72.00 in a research note on Wednesday, May 4th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Quintiles Transitional Holdings in a research note on Thursday, July 28th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $81.35.

The stock has a market capitalization of $9.07 billion and a price-to-earnings ratio of 23.02. The firm’s 50-day moving average is $70.54 and its 200-day moving average is $66.64.

Quintiles Transitional Holdings (NYSE:Q) last issued its earnings results on Wednesday, July 27th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. The company earned $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Quintiles Transitional Holdings Inc. will post $3.81 earnings per share for the current fiscal year.

In other news, COO Kevin K. Gordon sold 24,000 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now owns 41,899 shares in the company, valued at $2,824,830.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Corp 3I sold 2,250,000 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $66.10, for a total value of $148,725,000.00. The disclosure for this sale can be found here.

A number of institutional investors have added to or reduced their stakes in the company. US Bancorp DE boosted its position in Quintiles Transitional Holdings by 36.1% in the fourth quarter. US Bancorp DE now owns 15,137 shares of the company’s stock worth $1,039,000 after buying an additional 4,013 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Quintiles Transitional Holdings by 5.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 28,633 shares of the company’s stock worth $1,966,000 after buying an additional 1,560 shares during the last quarter. Airain ltd acquired a new position in Quintiles Transitional Holdings during the fourth quarter worth $2,385,000. Andra AP fonden boosted its position in Quintiles Transitional Holdings by 16.4% in the fourth quarter. Andra AP fonden now owns 39,800 shares of the company’s stock worth $2,733,000 after buying an additional 5,600 shares during the last quarter. Finally, Redwood Investments LLC boosted its position in Quintiles Transitional Holdings by 31.1% in the fourth quarter. Redwood Investments LLC now owns 55,161 shares of the company’s stock worth $3,787,000 after buying an additional 13,080 shares during the last quarter.

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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