IQVIA Holdings Inc. (NYSE:IQV) Shares Purchased by Optimal Asset Management Inc.

Optimal Asset Management Inc. increased its position in shares of IQVIA Holdings Inc. (NYSE:IQV) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,700 shares of the medical research company’s stock after purchasing an additional 300 shares during the quarter. Optimal Asset Management Inc.’s holdings in IQVIA were worth $908,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. TRU Independence Asset Management 2 LLC purchased a new position in IQVIA during the fourth quarter valued at approximately $27,000. Encompass Wealth Advisors LLC purchased a new position in IQVIA during the fourth quarter valued at approximately $27,000. CVA Family Office LLC purchased a new position in IQVIA during the first quarter valued at approximately $29,000. Wealthcare Advisory Partners LLC purchased a new position in IQVIA during the first quarter valued at approximately $33,000. Finally, Safeguard Investment Advisory Group LLC purchased a new position in IQVIA during the fourth quarter valued at approximately $34,000. Institutional investors own 86.31% of the company’s stock.

A number of analysts have recently commented on the company. Canaccord Genuity boosted their price objective on IQVIA from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, May 12th. Argus boosted their price objective on IQVIA from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, May 12th. Barclays boosted their price objective on IQVIA from $260.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, July 13th. Mizuho boosted their price objective on IQVIA from $218.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, April 23rd. Finally, Robert W. Baird boosted their price objective on IQVIA from $238.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, April 23rd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $248.84.

NYSE IQV opened at $243.03 on Thursday. The stock’s fifty day moving average is $242.00. The firm has a market capitalization of $46.58 billion, a price-to-earnings ratio of 115.73, a P/E/G ratio of 2.36 and a beta of 1.45. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.15 and a quick ratio of 1.15. IQVIA Holdings Inc. has a fifty-two week low of $146.00 and a fifty-two week high of $254.05.

IQVIA (NYSE:IQV) last released its quarterly earnings data on Thursday, April 22nd. The medical research company reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.33. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.18 billion. IQVIA had a return on equity of 20.96% and a net margin of 3.40%. The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 earnings per share. On average, equities research analysts predict that IQVIA Holdings Inc. will post 8.15 earnings per share for the current fiscal year.

IQVIA Company Profile

IQVIA Holdings Inc provides advanced analytics, technology solutions, and clinical research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. It operates through three segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions.

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Institutional Ownership by Quarter for IQVIA (NYSE:IQV)

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