Quintiles Transitional Holdings Inc. (Q) Position Cut by Cabot Wealth Management Inc.

Quintiles Transitional Holdings Inc. (Q) Position Cut by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. lowered its position in Quintiles Transitional Holdings Inc. (NYSE:Q) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,300 shares of the company’s stock after selling 668 shares during the period. Quintiles Transitional Holdings comprises about 2.2% of Cabot Wealth Management Inc.’s holdings, making the stock its 8th largest position. Cabot Wealth Management Inc.’s holdings in Quintiles Transitional Holdings were worth $8,373,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the company. BlackRock Investment Management LLC increased its position in shares of Quintiles Transitional Holdings by 12.1% in the second quarter. BlackRock Investment Management LLC now owns 43,990 shares of the company’s stock worth $2,873,000 after buying an additional 4,761 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of Quintiles Transitional Holdings by 3.4% in the second quarter. BlackRock Advisors LLC now owns 116,388 shares of the company’s stock worth $7,603,000 after buying an additional 3,857 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Quintiles Transitional Holdings by 84.4% in the second quarter. Principal Financial Group Inc. now owns 150,241 shares of the company’s stock worth $9,813,000 after buying an additional 68,746 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Quintiles Transitional Holdings by 50.0% in the second quarter. Prudential Financial Inc. now owns 29,990 shares of the company’s stock worth $1,959,000 after buying an additional 10,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Quintiles Transitional Holdings by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 208,927 shares of the company’s stock worth $13,642,000 after buying an additional 2,083 shares during the last quarter. Institutional investors and hedge funds own 45.18% of the company’s stock.

Quintiles Transitional Holdings Inc. (NYSE:Q) opened at 77.62 on Friday. The firm’s 50-day moving average price is $76.65 and its 200 day moving average price is $76.78. Quintiles Transitional Holdings Inc. has a 52 week low of $55.01 and a 52 week high of $81.45. The firm has a market cap of $19.11 billion, a P/E ratio of 23.87 and a beta of 0.68.

A number of brokerages recently weighed in on Q. Barclays PLC restated an “overweight” rating and set a $90.00 target price on shares of Quintiles Transitional Holdings in a report on Wednesday, November 30th. Goldman Sachs Group, Inc. (The) cut shares of Quintiles Transitional Holdings from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research report on Friday, December 16th. Zacks Investment Research raised shares of Quintiles Transitional Holdings from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Tuesday, October 11th. Mizuho initiated coverage on shares of Quintiles Transitional Holdings in a research report on Tuesday, December 13th. They set a “neutral” rating and a $90.00 price objective for the company. Finally, Deutsche Bank AG cut shares of Quintiles Transitional Holdings from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $81.00 to $80.00 in a research report on Friday. Fifteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $81.88.

In other news, Director Jack M. Greenberg sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $79.77, for a total transaction of $159,540.00. Following the transaction, the director now directly owns 2,930 shares of the company’s stock, valued at $233,726.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.90% of the stock is currently owned by insiders.

About Quintiles Transitional Holdings

Quintiles IMS Holdings Inc, formerly Quintiles Transnational Holdings Inc, is a provider of biopharmaceutical development services and commercial outsourcing services. It is engaged in the development and commercialization of pharmaceutical therapies. Its segments include Product Development and Integrated Healthcare Services.

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