Quintiles Transitional Holdings Inc. (NYSE:Q) – Stock analysts at Jefferies Group raised their FY2017 earnings per share estimates for Quintiles Transitional Holdings in a research note issued on Thursday. Jefferies Group analyst D. Windley now anticipates that the medical research company will post earnings per share of $4.55 for the year, up from their previous estimate of $4.54. Jefferies Group currently has a “Hold” rating and a $81.00 target price on the stock. Jefferies Group also issued estimates for Quintiles Transitional Holdings’ Q4 2017 earnings at $1.30 EPS, Q1 2018 earnings at $1.14 EPS, Q2 2018 earnings at $1.19 EPS, Q3 2018 earnings at $1.35 EPS, Q4 2018 earnings at $1.47 EPS and FY2019 earnings at $5.77 EPS.

A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Quintiles Transitional Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Credit Suisse Group started coverage on shares of Quintiles Transitional Holdings in a research report on Friday, March 31st. They set an “outperform” rating and a $89.00 target price on the stock. Evercore ISI reiterated an “in-line” rating and set a $88.50 price target (up previously from $84.00) on shares of Quintiles Transitional Holdings in a research report on Thursday, May 4th. Mizuho increased their price target on shares of Quintiles Transitional Holdings from $90.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $96.00 price target (up previously from $87.00) on shares of Quintiles Transitional Holdings in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. Quintiles Transitional Holdings presently has a consensus rating of “Hold” and an average price target of $85.59.

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Shares of Quintiles Transitional Holdings (NYSE:Q) opened at 89.42 on Friday. Quintiles Transitional Holdings has a one year low of $65.01 and a one year high of $91.81. The stock has a market capitalization of $19.68 billion, a price-to-earnings ratio of 197.83 and a beta of 0.64. The company’s 50 day moving average price is $86.48 and its 200 day moving average price is $80.79.

Quintiles Transitional Holdings (NYSE:Q) last released its earnings results on Wednesday, May 3rd. The medical research company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.06. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.91 billion. Quintiles Transitional Holdings had a return on equity of 18.03% and a net margin of 1.06%. The company’s revenue for the quarter was up 72.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share.

In other news, Director John G. Danhakl sold 761,143 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $84.01, for a total value of $63,943,623.43. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Cpp Investment Board Private H sold 7,131,165 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $84.01, for a total transaction of $599,089,171.65. The disclosure for this sale can be found here. In the last three months, insiders sold 8,758,400 shares of company stock worth $735,783,985. Insiders own 6.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of Q. Norges Bank purchased a new position in shares of Quintiles Transitional Holdings during the fourth quarter valued at approximately $182,465,000. WFG Advisors LP purchased a new position in shares of Quintiles Transitional Holdings during the fourth quarter valued at approximately $792,000. Numeric Investors LLC boosted its position in shares of Quintiles Transitional Holdings by 81.6% in the fourth quarter. Numeric Investors LLC now owns 7,262 shares of the medical research company’s stock valued at $552,000 after buying an additional 3,262 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Quintiles Transitional Holdings by 41.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,185 shares of the medical research company’s stock valued at $324,000 after buying an additional 1,224 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Quintiles Transitional Holdings by 1.0% in the fourth quarter. Guggenheim Capital LLC now owns 171,300 shares of the medical research company’s stock valued at $13,027,000 after buying an additional 1,698 shares in the last quarter. 92.54% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for Quintiles Transitional Holdings (NYSE:Q)

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