Quintiles Transitional Holdings Inc. (Q) Shares Bought by 1st Global Advisors Inc.

1st Global Advisors Inc. lifted its stake in Quintiles Transitional Holdings Inc. (NYSE:Q) by 43.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,451 shares of the medical research company’s stock after acquiring an additional 1,342 shares during the quarter. 1st Global Advisors Inc.’s holdings in Quintiles Transitional Holdings were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Fiduciary Trust Co. purchased a new position in shares of Quintiles Transitional Holdings in the second quarter worth approximately $105,000. Korea Investment CORP boosted its holdings in shares of 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 during the last quarter. Global X Management Co. LLC boosted its holdings in shares of 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 during the last quarter. Citigroup Inc. boosted its holdings in shares of Quintiles Transitional Holdings by 15.5% in the second quarter. Citigroup Inc. now owns 1,858 shares of the medical research company’s stock worth $167,000 after buying an additional 250 shares during the last quarter. Finally, Archford Capital Strategies LLC purchased a new position in shares of Quintiles Transitional Holdings in the first quarter worth approximately $160,000. Hedge funds and other institutional investors own 93.22% of the company’s stock.

Quintiles Transitional Holdings (NYSE:Q) last announced its earnings results on Thursday, August 3rd. The medical research company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.96 billion. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue was up 68.7% on a year-over-year basis.

In other Quintiles Transitional Holdings news, insider Kevin C. Knightly sold 19,339 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $99.51, for a total value of $1,924,423.89. Following the transaction, the insider now owns 40,650 shares in the company, valued at approximately $4,045,081.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin C. Knightly sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $90.28, for a total value of $1,805,600.00. Following the completion of the transaction, the insider now owns 46,826 shares in the company, valued at approximately $4,227,451.28. The disclosure for this sale can be found here. Insiders have sold a total of 14,198,382 shares of company stock worth $1,361,834,375 in the last quarter. Insiders own 6.40% of the company’s stock.

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A number of equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Quintiles Transitional Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Jefferies Group LLC reissued a “hold” rating and issued a $94.00 price objective on shares of Quintiles Transitional Holdings in a report on Friday, August 4th. Robert W. Baird reissued a “hold” rating and issued a $98.00 price objective on shares of Quintiles Transitional Holdings in a report on Monday, October 9th. William Blair raised shares of Quintiles Transitional Holdings from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $70.10 to $93.42 in a report on Friday, August 4th. Finally, Citigroup Inc. raised their price objective on shares of Quintiles Transitional Holdings from $96.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Eleven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Quintiles Transitional Holdings has a consensus rating of “Buy” and an average target price of $94.38.

Quintiles Transitio

Several other hedge funds also recently made changes to their positions in the company. Fiduciary Trust Co. purchased a new position in shares of Quintiles Transitional Holdings in the second quarter worth approximately $105,000. Korea Investment CORP boosted its holdings in shares of 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 during the last quarter. Global X Management Co. LLC boosted its holdings in shares of 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 during the last quarter. Citigroup Inc. boosted its holdings in shares of Quintiles Transitional Holdings by 15.5% in the second quarter. Citigroup Inc. now owns 1,858 shares of the medical research company’s stock worth $167,000 after buying an additional 250 shares during the last quarter. Finally, Archford Capital Strategies LLC purchased a new position in shares of Quintiles Transitional Holdings in the first quarter worth approximately $160,000. Hedge funds and other institutional investors own 93.22% of the company’s stock.

Quintiles Transitional Holdings (NYSE:Q) last announced its earnings results on Thursday, August 3rd. The medical research company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.96 billion. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue was up 68.7% on a year-over-year basis.

In other Quintiles Transitional Holdings news, insider Kevin C. Knightly sold 19,339 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $99.51, for a total value of $1,924,423.89. Following the transaction, the insider now owns 40,650 shares in the company, valued at approximately $4,045,081.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin C. Knightly sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $90.28, for a total value of $1,805,600.00. Following the completion of the transaction, the insider now owns 46,826 shares in the company, valued at approximately $4,227,451.28. The disclosure for this sale can be found here. Insiders have sold a total of 14,198,382 shares of company stock worth $1,361,834,375 in the last quarter. Insiders own 6.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/18/quintiles-transitional-holdings-inc-q-shares-bought-by-1st-global-advisors-inc.html.

A number of equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Quintiles Transitional Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Jefferies Group LLC reissued a “hold” rating and issued a $94.00 price objective on shares of Quintiles Transitional Holdings in a report on Friday, August 4th. Robert W. Baird reissued a “hold” rating and issued a $98.00 price objective on shares of Quintiles Transitional Holdings in a report on Monday, October 9th. William Blair raised shares of Quintiles Transitional Holdings from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $70.10 to $93.42 in a report on Friday, August 4th. Finally, Citigroup Inc. raised their price objective on shares of Quintiles Transitional Holdings from $96.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Eleven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Quintiles Transitional Holdings has a consensus rating of “Buy” and an average target price of $94.38.

Quintiles Transitional Holdings Company 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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