Public Employees Retirement Association of Colorado cut its stake in Quintiles Transitional Holdings Inc. (NYSE:Q) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,538 shares of the company’s stock after selling 749 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Quintiles Transitional Holdings were worth $1,503,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in Quintiles Transitional Holdings by 22.2% in the second quarter. Pacer Advisors Inc. now owns 1,685 shares of the company’s stock valued at $110,000 after buying an additional 306 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Quintiles Transitional Holdings by 41.7% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,700 shares of the company’s stock valued at $111,000 after buying an additional 500 shares during the last quarter. Invictus RG acquired a new position in Quintiles Transitional Holdings during the second quarter valued at about $125,000. Citizens Financial Group Inc RI boosted its position in Quintiles Transitional Holdings by 4.7% in the second quarter. Citizens Financial Group Inc RI now owns 2,070 shares of the company’s stock valued at $135,000 after buying an additional 92 shares during the last quarter. Finally, Creative Planning boosted its position in Quintiles Transitional Holdings by 17.7% in the second quarter. Creative Planning now owns 2,540 shares of the company’s stock valued at $166,000 after buying an additional 382 shares during the last quarter. 45.37% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Quintiles Transitional Holdings Inc. (NYSE:Q) traded up 1.39% during midday trading on Tuesday, reaching $80.93. The company had a trading volume of 1,737,841 shares. Quintiles Transitional Holdings Inc. has a 52-week low of $55.01 and a 52-week high of $81.45. The company’s 50-day moving average is $76.04 and its 200-day moving average is $73.44. The firm has a market cap of $19.92 billion, a P/E ratio of 24.89 and a beta of 0.66.

Quintiles Transitional Holdings (NYSE:Q) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.01. Quintiles Transitional Holdings had a negative return on equity of 212.51% and a net margin of 6.55%. The firm earned $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $0.94 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts expect that Quintiles Transitional Holdings Inc. will post $3.90 EPS for the current fiscal year.

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Several research analysts have recently issued reports on Q shares. Stifel Nicolaus started coverage on Quintiles Transitional Holdings in a research note on Friday, October 14th. They issued a “hold” rating and a $84.00 price target for the company. Goldman Sachs Group Inc. raised Quintiles Transitional Holdings from a “not rated” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Wednesday, October 5th. TheStreet raised Quintiles Transitional Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 10th. Argus reissued a “buy” rating and issued a $85.00 price target (up previously from $75.00) on shares of Quintiles Transitional Holdings in a research note on Thursday, August 18th. Finally, Piper Jaffray Cos. cut Quintiles Transitional Holdings from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $75.00 to $72.00 in a research note on Thursday, October 27th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $81.07.

In other Quintiles Transitional Holdings news, Director Jack M. Greenberg sold 2,000 shares of Quintiles Transitional Holdings stock in a transaction on Monday, November 21st. The stock was sold at an average price of $79.77, for a total value of $159,540.00. Following the completion of the transaction, the director now owns 2,930 shares in the company, valued at approximately $233,726.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 10.90% of the stock is owned by company insiders.

Quintiles Transitional Holdings Company Profile

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.

5 Day Chart for NYSE:Q

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