First Trust Advisors LP cut its position in Quintiles Transitional Holdings Inc. (NYSE:Q) by 19.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 650,993 shares of the medical research company’s stock after selling 162,051 shares during the period. First Trust Advisors LP’s holdings in Quintiles Transitional Holdings were worth $58,264,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of Q. Global X Management Co. LLC boosted its position in Quintiles Transitional Holdings by 30.8% in the first quarter. Global X Management Co. LLC now owns 1,469 shares of the medical research company’s stock worth $118,000 after buying an additional 346 shares in the last quarter. Korea Investment CORP boosted its position in Quintiles Transitional Holdings by 142.5% in the second quarter. Korea Investment CORP now owns 1,370 shares of the medical research company’s stock worth $123,000 after buying an additional 805 shares in the last quarter. IFP Advisors Inc boosted its position in Quintiles Transitional Holdings by 187.1% in the first quarter. IFP Advisors Inc now owns 1,774 shares of the medical research company’s stock worth $143,000 after buying an additional 1,156 shares in the last quarter. Archford Capital Strategies LLC acquired a new position in Quintiles Transitional Holdings during the first quarter worth approximately $160,000. Finally, Bbva Compass Bancshares Inc. acquired a new position in Quintiles Transitional Holdings during the first quarter worth approximately $170,000. 91.83% of the stock is currently owned by institutional investors.

Quintiles Transitional Holdings Inc. (Q) opened at 88.91 on Friday. Quintiles Transitional Holdings Inc. has a 52-week low of $70.10 and a 52-week high of $93.53. The stock’s 50 day moving average price is $90.01 and its 200 day moving average price is $83.51. The company has a market cap of $19.25 billion, a P/E ratio of 257.71 and a beta of 0.64.

Quintiles Transitional Holdings (NYSE:Q) last announced its quarterly earnings data 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. Quintiles Transitional Holdings had a return on equity of 14.23% and a net margin of 0.82%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the business posted $0.93 earnings per share. The firm’s revenue was up 68.7% compared to the same quarter last year. Analysts expect that Quintiles Transitional Holdings Inc. will post $4.58 earnings per share for the current year.

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

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A number of analysts have issued reports on Q shares. Zacks Investment Research raised Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a research note on Thursday, July 27th. Mizuho lifted their price objective on Quintiles Transitional Holdings from $90.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. Barclays PLC set a $100.00 price objective on Quintiles Transitional Holdings and gave the stock a “buy” rating in a research note on Friday, August 4th. BidaskClub downgraded Quintiles Transitional Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Jefferies Group LLC lifted their price objective on Quintiles Transitional Holdings from $78.00 to $81.00 and gave the stock a “hold” rating in a research note on Monday, May 15th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.94.

In related news, Director John G. Danhakl sold 761,143 shares of Quintiles Transitional Holdings stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $84.01, for a total transaction of $63,943,623.43. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ari Bousbib sold 92,160 shares of Quintiles Transitional Holdings stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $90.35, for a total value of $8,326,656.00. Following the transaction, the insider now owns 1,082,919 shares in the company, valued at approximately $97,841,731.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,870,560 shares of company stock worth $745,916,241. 6.40% of the stock is currently owned by company insiders.

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.

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

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