Todays Report: Today, Quintiles Transitional Holdings Inc. (Q) Director Sold $159,540.00 in Stock

Today, Quintiles Transitional Holdings Inc. (Q) Director Sold $159,540.00 in Stock

Quintiles Transitional Holdings Inc. (NYSE:Q) Director Jack M. Greenberg sold 2,000 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $79.77, for a total value of $159,540.00. Following the sale, the director now directly owns 2,930 shares in the company, valued at approximately $233,726.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Quintiles Transitional Holdings Inc. (NYSE:Q) opened at 79.87 on Friday. Quintiles Transitional Holdings Inc. has a 52-week low of $55.01 and a 52-week high of $81.45. The stock has a 50 day moving average price of $76.12 and a 200 day moving average price of $73.14. The company has a market capitalization of $19.66 billion, a price-to-earnings ratio of 24.56 and a beta of 0.66.

Quintiles Transitional Holdings (NYSE:Q) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Quintiles Transitional Holdings had a net margin of 6.55% and a negative return on equity of 212.51%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Equities research analysts forecast that Quintiles Transitional Holdings Inc. will post $3.90 earnings per share for the current year.

A number of brokerages have weighed in on Q. Goldman Sachs Group Inc. raised Quintiles Transitional Holdings from a “not rated” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Wednesday, October 5th. Piper Jaffray Cos. downgraded Quintiles Transitional Holdings from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $75.00 to $72.00 in a report on Thursday, October 27th. Zacks Investment Research downgraded Quintiles Transitional Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. Deutsche Bank AG raised their target price on Quintiles Transitional Holdings from $71.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Finally, Citigroup Inc. raised their target price on Quintiles Transitional Holdings from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $81.07.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its position in Quintiles Transitional Holdings by 158.5% in the third quarter. Toronto Dominion Bank now owns 1,272 shares of the company’s stock valued at $103,000 after buying an additional 780 shares during the last quarter. Pacer Advisors Inc. boosted its position in Quintiles Transitional Holdings by 22.2% in the second quarter. Pacer Advisors Inc. now owns 1,685 shares of the company’s stock valued at $110,000 after buying an additional 306 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Quintiles Transitional Holdings by 41.7% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,700 shares of the company’s stock valued at $111,000 after buying an additional 500 shares during the last quarter. Invictus RG purchased a new position in Quintiles Transitional Holdings during the second quarter valued at $125,000. Finally, Citizens Financial Group Inc RI boosted its position in Quintiles Transitional Holdings by 4.7% in the second quarter. Citizens Financial Group Inc RI now owns 2,070 shares of the company’s stock valued at $135,000 after buying an additional 92 shares during the last quarter. 42.58% of the stock is currently owned by hedge funds and other institutional investors.

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