Iqvia (IQV) Coverage Initiated at Evercore ISI
Evercore ISI started coverage on shares of Iqvia (NYSE:IQV) in a research report report published on Thursday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $112.00 price objective on the medical research company’s stock.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Iqvia from a hold rating to a buy rating and set a $112.00 target price for the company in a report on Thursday. Mitsubishi UFJ Financial Group assumed coverage on shares of Iqvia in a report on Friday, December 15th. They issued a neutral rating and a $112.00 target price for the company. TheStreet upgraded shares of Iqvia from a c+ rating to a b rating in a report on Wednesday, December 13th. KeyCorp restated a sector weight rating and issued a $100.00 target price on shares of Iqvia in a report on Friday, November 10th. Finally, Morgan Stanley upped their target price on shares of Iqvia from $96.00 to $121.00 and gave the company an overweight rating in a report on Thursday, November 9th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $107.79.
Iqvia (NYSE:IQV) opened at $103.00 on Thursday. Iqvia has a twelve month low of $74.80 and a twelve month high of $110.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $21,420.00, a price-to-earnings ratio of 355.17, a PEG ratio of 1.42 and a beta of 0.61.
In other news, insider Ari Bousbib sold 46,080 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $108.14, for a total value of $4,983,091.20. Following the completion of the sale, the insider now owns 1,036,839 shares in the company, valued at approximately $112,123,769.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Cpp Investment Board Private H sold 7,497,807 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $102.00, for a total transaction of $764,776,314.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,806,558 shares of company stock valued at $898,716,708. 6.40% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. acquired a new stake in shares of Iqvia in the 4th quarter worth $123,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Iqvia in the 4th quarter worth $209,000. Atria Investments LLC acquired a new stake in shares of Iqvia in the 4th quarter worth $218,000. Fox Run Management L.L.C. acquired a new stake in shares of Iqvia in the 4th quarter worth $250,000. Finally, Creative Planning acquired a new stake in shares of Iqvia in the 4th quarter worth $450,000. Institutional investors own 95.84% of the company’s stock.
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IQVIA Holdings Inc, formerly Quintiles IMS 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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