Fort Washington Investment Advisors Inc. OH lowered its position in shares of Quintiles Transitional Holdings Inc. (NYSE:Q) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,290 shares of the medical research company’s stock after selling 303 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Quintiles Transitional Holdings were worth $1,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Quintiles Transitional Holdings by 4,217.1% in the 1st quarter. BlackRock Inc. now owns 7,098,723 shares of the medical research company’s stock worth $571,660,000 after purchasing an additional 6,934,290 shares during the period. Karp Capital Management Corp bought a new stake in shares of Quintiles Transitional Holdings in the 1st quarter worth approximately $4,395,000. KBC Group NV raised its holdings in shares of Quintiles Transitional Holdings by 53.3% in the 2nd quarter. KBC Group NV now owns 18,959 shares of the medical research company’s stock worth $1,697,000 after purchasing an additional 6,591 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Quintiles Transitional Holdings by 15.7% in the 1st quarter. Russell Investments Group Ltd. now owns 50,658 shares of the medical research company’s stock worth $4,080,000 after purchasing an additional 6,865 shares during the period. Finally, Isthmus Partners LLC raised its holdings in shares of Quintiles Transitional Holdings by 0.3% in the 1st quarter. Isthmus Partners LLC now owns 84,192 shares of the medical research company’s stock worth $6,780,000 after purchasing an additional 256 shares during the period. 91.36% of the stock is currently owned by hedge funds and other institutional investors.

Quintiles Transitional Holdings Inc. (Q) opened at 94.47 on Friday. Quintiles Transitional Holdings Inc. has a 1-year low of $70.10 and a 1-year high of $99.95. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 273.83 and a beta of 0.63. The company has a 50-day moving average of $93.55 and a 200-day moving average of $86.47.

Quintiles Transitional Holdings (NYSE:Q) last released its quarterly earnings results on Thursday, August 3rd. The medical research company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. Quintiles Transitional Holdings had a net margin of 0.82% and a return on equity of 14.23%. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm earned $0.93 earnings per share. The company’s quarterly revenue was up 68.7% on a year-over-year basis. Analysts anticipate that Quintiles Transitional Holdings Inc. will post $4.58 earnings per share for the current fiscal year.

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

In other news, Director Dennis B. Ph D. Gillings sold 968,023 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $97.33, for a total value of $94,217,678.59. Following the completion of the sale, the director now directly owns 9,071,839 shares of the company’s stock, valued at $882,962,089.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ari Bousbib sold 46,080 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $95.65, for a total transaction of $4,407,552.00. Following the completion of the sale, the insider now directly owns 1,036,839 shares of the company’s stock, valued at $99,173,650.35. The disclosure for this sale can be found here. Insiders sold 6,363,847 shares of company stock worth $618,573,696 over the last quarter. Insiders own 6.40% of the company’s stock.

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Q has been the topic of a number of research reports. Zacks Investment Research raised shares of Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Thursday, July 27th. BidaskClub raised shares of Quintiles Transitional Holdings from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Robert W. Baird raised shares of Quintiles Transitional Holdings from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $76.00 to $93.00 in a report on Friday, July 7th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $96.00 price target (up previously from $94.00) on shares of Quintiles Transitional Holdings in a report on Tuesday, June 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $92.00 price target (up previously from $87.00) on shares of Quintiles Transitional Holdings in a report on Friday, August 4th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $90.25.

Quintiles Transitional Holdings Profile

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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