Quintiles Transitional Holdings Inc. (NYSE:Q) – Investment analysts at Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for Quintiles Transitional Holdings in a research report issued to clients and investors on Monday. Jefferies Group analyst D. Windley now anticipates that the medical research company will earn $4.55 per share for the year, down from their prior estimate of $4.56. Jefferies Group has a “Hold” rating and a $94.00 price objective on the stock. Jefferies Group also issued estimates for Quintiles Transitional Holdings’ Q3 2018 earnings at $1.28 EPS, Q4 2018 earnings at $1.47 EPS and FY2019 earnings at $5.89 EPS.

Quintiles Transitional Holdings (NYSE:Q) last released its earnings results on Thursday, August 3rd. The medical research company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.04. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.96 billion. Quintiles Transitional Holdings had a return on equity of 14.23% and a net margin of 0.82%. The business’s quarterly revenue was up 68.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share.

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Other equities research analysts have also issued research reports about the company. Argus upped their target price on Quintiles Transitional Holdings from $98.00 to $104.00 and gave the company a “buy” rating in a research note on Monday, September 18th. BidaskClub lowered Quintiles Transitional Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research note on Thursday, July 27th. Barclays PLC set a $100.00 target price on Quintiles Transitional Holdings and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $100.00 target price on shares of Quintiles Transitional Holdings in a research note on Sunday, September 24th. 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 presently has an average rating of “Buy” and a consensus target price of $93.27.

Quintiles Transitional Holdings (NYSE:Q) opened at 96.20 on Wednesday. The stock has a 50 day moving average price of $95.61 and a 200 day moving average price of $88.58. Quintiles Transitional Holdings has a 52-week low of $70.10 and a 52-week high of $99.95. The stock has a market cap of $20.83 billion, a P/E ratio of 278.84 and a beta of 0.62.

In related news, major shareholder Cpp Investment Board Private H sold 6,748,026 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $94.87, for a total value of $640,185,226.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ari Bousbib sold 92,160 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 1,082,919 shares in the company, valued at $97,841,731.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,198,382 shares of company stock worth $1,361,834,375. Corporate insiders own 6.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of Q. Fiduciary Trust Co. purchased a new position in shares of Quintiles Transitional Holdings in the 2nd quarter worth $105,000. Global X Management Co. LLC raised its position in shares of Quintiles Transitional Holdings by 30.8% in the 1st 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 period. GWM Advisors LLC purchased a new position in shares of Quintiles Transitional Holdings in the 2nd quarter worth $122,000. Korea Investment CORP raised its position in shares of Quintiles Transitional Holdings by 142.5% in the 2nd 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 period. Finally, Archford Capital Strategies LLC purchased a new position in shares of Quintiles Transitional Holdings in the 1st quarter worth $160,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

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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