Daiwa Securities Group Inc. reduced its position in Iqvia Holdings Inc (NYSE:IQV) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,403 shares of the medical research company’s stock after selling 2,506 shares during the period. Daiwa Securities Group Inc.’s holdings in Iqvia were worth $5,507,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of Iqvia by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 1,194,110 shares of the medical research company’s stock worth $119,196,000 after buying an additional 66,748 shares during the period. Atria Investments LLC increased its stake in shares of Iqvia by 30.8% in the third quarter. Atria Investments LLC now owns 7,624 shares of the medical research company’s stock worth $989,000 after buying an additional 1,797 shares during the period. Bank of Montreal Can increased its stake in shares of Iqvia by 42.8% in the third quarter. Bank of Montreal Can now owns 169,448 shares of the medical research company’s stock worth $21,984,000 after buying an additional 50,757 shares during the period. Callahan Advisors LLC purchased a new position in shares of Iqvia in the third quarter worth $1,763,000. Finally, First Hawaiian Bank purchased a new position in shares of Iqvia in the third quarter worth $1,545,000. 93.62% of the stock is owned by hedge funds and other institutional investors.
In other news, major shareholder Canada Pension Plan Investment sold 3,164,388 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $123.72, for a total transaction of $391,498,083.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ronald A. Rittenmeyer sold 3,840 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $130.00, for a total transaction of $499,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,751,273 shares of company stock worth $835,335,596. Company insiders own 6.00% of the company’s stock.
IQV has been the topic of several analyst reports. Barclays lifted their target price on shares of Iqvia from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 23rd. Zacks Investment Research raised shares of Iqvia from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research note on Tuesday, October 23rd. Piper Jaffray Companies lifted their price target on shares of Iqvia to $131.00 and gave the company a “neutral” rating in a report on Tuesday, October 23rd. Royal Bank of Canada lifted their price target on shares of Iqvia to $137.00 and gave the company an “outperform” rating in a report on Tuesday, October 23rd. Finally, Morgan Stanley lifted their price target on shares of Iqvia from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, December 3rd. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $139.47.
NYSE:IQV opened at $129.10 on Tuesday. The firm has a market capitalization of $25.77 billion, a P/E ratio of 29.61, a P/E/G ratio of 1.59 and a beta of 0.88. Iqvia Holdings Inc has a twelve month low of $91.57 and a twelve month high of $139.65. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.41.
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IQVIA Holdings Inc provides integrated information and technology-enabled healthcare services in the Americas, Europe, Africa, and the Asia-Pacific. It operates through three segments: Commercial Solutions, Research & Development Solutions, and Integrated Engagement Services. The Commercial Solutions segment offers a range of cloud-based applications and related implementation, real-world insights, and reference information services; and strategic and implementation consulting services, such as advanced analytics and commercial processes outsourcing services.
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