Iqvia Holdings Inc (IQV) Major Shareholder Sells $764,776,314.00 in Stock

Iqvia Holdings Inc (NYSE:IQV) major shareholder Cpp Investment Board Private H sold 7,497,807 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Cpp Investment Board Private H also recently made the following trade(s):

  • On Tuesday, September 19th, Cpp Investment Board Private H sold 6,748,026 shares of Iqvia stock. The stock was sold at an average price of $94.87, for a total transaction of $640,185,226.62.

Iqvia Holdings Inc (NYSE:IQV) opened at $101.01 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.29. The firm has a market cap of $21,316.11, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.66 and a beta of 0.61. Iqvia Holdings Inc has a 1-year low of $74.73 and a 1-year high of $110.67.

Iqvia (NYSE:IQV) last posted its earnings results on Thursday, October 26th. The medical research company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Iqvia had a net margin of 0.58% and a return on equity of 12.60%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The business’s quarterly revenue was up 77.6% on a year-over-year basis. research analysts forecast that Iqvia Holdings Inc will post 4.62 earnings per share for the current fiscal year.

IQV has been the subject of a number of recent research reports. KeyCorp reissued a “sector weight” rating and set a $100.00 price objective on shares of Iqvia in a research note on Friday, November 10th. Zacks Investment Research raised shares of Iqvia from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Wednesday, October 11th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $110.00 target price (up from $98.00) on shares of Iqvia in a research note on Monday, October 16th. BidaskClub raised shares of Iqvia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Finally, Mizuho cut shares of Iqvia from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Thursday, November 9th. Nine equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Iqvia currently has an average rating of “Buy” and an average price target of $105.23.

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Iqvia Company Profile

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.

Insider Buying and Selling by Quarter for Iqvia (NYSE:IQV)

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