Quintiles Transitional Holdings Inc. (NYSE:Q) has been assigned a $100.00 price objective by equities research analysts at Barclays PLC in a report issued on Friday. The brokerage presently has a “buy” rating on the medical research company’s stock. Barclays PLC’s price target suggests a potential upside of 10.60% from the company’s previous close.

Several other analysts have also issued reports on Q. Zacks Investment Research upgraded Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Thursday, July 27th. Mizuho boosted their target price on Quintiles Transitional Holdings from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, May 4th. Jefferies Group LLC boosted their target price on Quintiles Transitional Holdings from $78.00 to $81.00 and gave the company a “hold” rating in a research note on Monday, May 15th. Evercore ISI restated an “in-line” rating and issued a $88.50 target price (up from $84.00) on shares of Quintiles Transitional Holdings in a research note on Thursday, May 4th. Finally, Robert W. Baird upgraded Quintiles Transitional Holdings from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $76.00 to $93.00 in a research note on Friday, July 7th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $89.88.

Quintiles Transitional Holdings (NYSE Q) opened at 90.42 on Friday. The firm has a market capitalization of $19.90 billion, a price-to-earnings ratio of 200.04 and a beta of 0.64. Quintiles Transitional Holdings has a 12-month low of $70.10 and a 12-month high of $93.53. The company’s 50 day moving average price is $89.50 and its 200-day moving average price is $82.85.

Quintiles Transitional Holdings (NYSE:Q) last issued its quarterly earnings results on Thursday, August 3rd. The medical research company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.96 billion. Quintiles Transitional Holdings had a return on equity of 15.68% and a net margin of 0.82%. Quintiles Transitional Holdings’s quarterly revenue was up 68.7% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. On average, equities analysts anticipate that Quintiles Transitional Holdings will post $4.57 earnings per share for the current fiscal year.

Quintiles Transitional Holdings declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 24th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the medical research company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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In related news, Director Jack M. Greenberg sold 6,092 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $82.50, for a total transaction of $502,590.00. Following the completion of the transaction, the director now directly owns 2,930 shares in the company, valued at $241,725. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John G. Danhakl sold 761,143 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $84.01, for a total value of $63,943,623.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,758,400 shares of company stock valued at $735,783,985. 6.40% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Quintiles Transitional Holdings by 4,217.1% in the first quarter. BlackRock Inc. now owns 7,098,723 shares of the medical research company’s stock valued at $571,660,000 after buying an additional 6,934,290 shares during the last quarter. Longview Partners Guernsey LTD boosted its position in Quintiles Transitional Holdings by 6.2% in the second quarter. Longview Partners Guernsey LTD now owns 8,711,447 shares of the medical research company’s stock valued at $779,675,000 after buying an additional 505,526 shares during the last quarter. Johnston Asset Management LLC acquired a new position in Quintiles Transitional Holdings during the second quarter valued at approximately $35,123,000. Morningstar Investment Services LLC acquired a new position in Quintiles Transitional Holdings during the first quarter valued at approximately $24,539,000. Finally, AMF Pensionsforsakring AB acquired a new position in Quintiles Transitional Holdings during the first quarter valued at approximately $20,051,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

About Quintiles Transitional Holdings

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.

Analyst Recommendations for Quintiles Transitional Holdings (NYSE:Q)

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