Insider Selling: Quintiles Transnational Holdings VP Sells 60,000 Shares of Stock (Q)
Quintiles Transnational Holdings (NYSE:Q) VP Derek M. Winstanly unloaded 60,000 shares of the stock on the open market in a transaction dated Friday, January 17th. The stock was sold at an average price of $50.00, for a total value of $3,000,000.00. Following the completion of the sale, the vice president now directly owns 229,500 shares in the company, valued at approximately $11,475,000. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Quintiles Transnational Holdings (NYSE:Q) traded down 1.61% during mid-day trading on Friday, hitting $48.98. 763,935 shares of the company’s stock traded hands. Quintiles Transnational Holdings has a 1-year low of $40.10 and a 1-year high of $50.00. The stock’s 50-day moving average is $45.62 and its 200-day moving average is $44.29. The company has a market cap of $6.315 billion and a price-to-earnings ratio of 32.64.
Quintiles Transnational Holdings (NYSE:Q) last announced its earnings results on Thursday, October 31st. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.04. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $952.14 million. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that Quintiles Transnational Holdings will post $2.06 EPS for the current fiscal year.
Q has been the subject of a number of recent research reports. Analysts at Robert W. Baird raised their price target on shares of Quintiles Transnational Holdings from $3.00 to $55.00 in a research note to investors on Friday, December 20th. Separately, analysts at Deutsche Bank downgraded shares of Quintiles Transnational Holdings from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 20th. They now have a $51.00 price target on the stock, down previously from $51.50. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Quintiles Transnational Holdings currently has an average rating of “Buy” and a consensus price target of $48.95.
Quintiles Transnational Holdings Inc is a provider of biopharmaceutical development services and commercial outsourcing services.
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