Rothschild Asset Management Inc. Has $597,000 Stake in Quintiles Transitional Holdings Inc. (NYSE:Q)

Rothschild Asset Management Inc. boosted its position in Quintiles Transitional Holdings Inc. (NYSE:Q) by 6.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,668 shares of the medical research company’s stock after buying an additional 404 shares during the period. Rothschild Asset Management Inc.’s holdings in Quintiles Transitional Holdings were worth $597,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in Q. Bbva Compass Bancshares Inc. boosted its position in shares of Quintiles Transitional Holdings by 4.2% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,204 shares of the medical research company’s stock worth $197,000 after buying an additional 88 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Quintiles Transitional Holdings by 1.0% in the second quarter. Janney Montgomery Scott LLC now owns 37,844 shares of the medical research company’s stock worth $3,387,000 after buying an additional 376 shares during the last quarter. Underhill Investment Management LLC purchased a new position in shares of Quintiles Transitional Holdings during the second quarter worth about $361,000. Longview Partners Guernsey LTD boosted its position in shares of Quintiles Transitional Holdings by 6.2% in the second quarter. Longview Partners Guernsey LTD now owns 8,711,447 shares of the medical research company’s stock worth $779,675,000 after buying an additional 505,526 shares during the last quarter. Finally, Strs Ohio boosted its position in shares of Quintiles Transitional Holdings by 126.0% in the second quarter. Strs Ohio now owns 19,422 shares of the medical research company’s stock worth $1,738,000 after buying an additional 10,828 shares during the last quarter. Institutional investors own 91.83% of the company’s stock.

Shares of Quintiles Transitional Holdings Inc. (NYSE Q) opened at 87.57 on Friday. Quintiles Transitional Holdings Inc. has a 52-week low of $70.10 and a 52-week high of $93.53. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of 253.83 and a beta of 0.64. The stock’s 50 day moving average is $90.07 and its 200 day moving average is $83.42.

Quintiles Transitional Holdings (NYSE:Q) last issued its quarterly earnings results on Thursday, August 3rd. The medical research company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. The business had revenue of $1.97 billion during 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 company’s quarterly revenue was up 68.7% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. On average, equities analysts predict that Quintiles Transitional Holdings Inc. will post $4.58 EPS for the current fiscal year.

Quintiles Transitional Holdings announced that its board has approved a share buyback program on Wednesday, May 24th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the medical research company to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

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A number of equities analysts recently issued reports on the stock. Citigroup Inc. upped their price target on shares of Quintiles Transitional Holdings from $96.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday. Stifel Nicolaus reiterated a “hold” rating and issued a $92.00 price target (up previously from $87.00) on shares of Quintiles Transitional Holdings in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $94.00 price target on shares of Quintiles Transitional Holdings in a research note on Friday, August 4th. Barclays PLC set a $100.00 price target on shares of Quintiles Transitional Holdings and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, William Blair upgraded shares of Quintiles Transitional Holdings from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $70.10 to $93.42 in a research note on Friday, August 4th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $89.94.

In related news, insider Ari Bousbib sold 92,160 shares of Quintiles Transitional Holdings stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $90.35, for a total transaction of $8,326,656.00. Following the completion of the sale, the insider now owns 1,082,919 shares of the company’s stock, valued at $97,841,731.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Danhakl sold 761,143 shares of Quintiles Transitional Holdings stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $84.01, for a total value of $63,943,623.43. The disclosure for this sale can be found here. In the last three months, insiders sold 8,850,560 shares of company stock valued at $744,110,641. Corporate insiders own 6.40% of the company’s stock.

About Quintiles Transitional Holdings

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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