September 25, 2023 – &HB Wealth Management LLC, a renowned financial institution, recently disclosed its acquisition of shares in IQVIA Holdings Inc. (NYSE:IQV) during the second quarter. As per the information provided in their latest 13F filing with the Securities & Exchange Commission, &HB Wealth Management purchased 1,305 shares of IQVIA’s stock. These shares were valued at approximately $293,000.
IQVIA is a prominent medical research company, making significant contributions to the healthcare industry. It offers innovative solutions and services that aid in advancing clinical research and improving patient outcomes. The company operates on a global scale and has established itself as a key player in the pharmaceutical and biotechnology sectors.
An insightful indicator of IQVIA’s financial performance can be observed from its recent earnings report issued on August 1st. For the second quarter, IQVIA reported earnings per share (EPS) of $2.22, surpassing the consensus estimate of $2.09 by an impressive margin of $0.13. Furthermore, IQVIA generated revenue amounting to $3.73 billion during this period, surpassing analyst estimates of $3.70 billion.
Analyzing the financial health of IQVIA also reveals positive net margin figures of 7.47%, indicating efficient management of operating expenses relative to revenues generated. Additionally, the company maintains a commendable return on equity (ROE) figure of 30.14%, reflecting its ability to generate profitable returns for shareholders based on their investments.
Industry experts and sell-side analysts anticipate further success for IQVIA moving forward, with a projected earnings per share figure of 9.24 for the current fiscal year.
The recent investment made by &HB Wealth Management LLC highlights its confidence in IQVIA’s potential for future growth and profitability within the healthcare sector.
Overall, these developments underscore IQVIAs’ commitment to innovation and its strong market position. With its consistent financial performance, the company is poised to continue making strides in medical research and healthcare advancements, providing value to patients, healthcare professionals, and investors alike.
For more detailed information on IQVIA’s recent progress, interested parties may access our latest report exclusively focused on IQVIA.
IQVIA Holdings Inc.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm||Rating|
Elizabeth Anderson CFA
Derik De Bruin
Bank of America Securities
Institutional Investors Show Continued Interest in IQVIA Holdings Inc.: Recent Additions and Reductions in Stakes Highlight Confidence in Future Prospects
Institutional investors continue to show interest in IQVIA Holdings Inc., as evidenced by recent additions and reductions in their stakes. HighTower Advisors LLC, for example, increased its holdings in the medical research company by 2.4% during the first quarter of this year. Prudential PLC also acquired a new position in shares of IQVIA during the same period.
Furthermore, Baird Financial Group Inc. saw a 2.3% increase in its holdings of IQVIA stock, while Parkside Financial Bank & Trust experienced a significant 59.0% growth in its holdings. Covestor Ltd joined the list of institutional investors increasing their stake in IQVIA by an impressive 82.2%.
Currently, approximately 86.82% of IQVIA’s stock is owned by institutional investors and hedge funds, indicating strong confidence in the company’s future prospects.
The stocks of IQVIA opened at $198.75 on Monday with a market capitalization of $36.39 billion. The PE ratio stands at 34.21, with a P/E/G ratio of 1.78 and a beta value of 1.37.
Over the past twelve months, shares have ranged from as low as $165.75 to as high as $241.86, highlighting some level of volatility within that time frame. The fifty-day simple moving average is recorded at $218.64 while the two hundred-day simple moving average stands at $207.67.
IQVIA Holdings Inc.’s financial stability is reflected in its quick ratio and current ratio both standing at 0.81 while maintaining a debt-to-equity ratio of 2.16.
Additionally, insider Constantinos Panagos recently sold 27,317 shares of the company’s stock on September 19th for an average price of $208.
67 per share amounting to a total transaction value exceeding $5.7 million, according to a disclosure filed with the SEC. Following this transaction, Panagos now holds 14,250 shares in IQVIA with an estimated value of $2,973,547.50. It is worth noting that corporate insiders own 1.50% of the company’s stock.
Several equity analysts have also shared their perspective on IQVIA’s performance. Barclays increased their price objective from $230.00 to $250.00, while Citigroup upgraded the stock from a “neutral” rating and raised their price objective from $200.00 to $225.00.
Morgan Stanley echoed the bullish sentiment by boosting their target price from $220.00 to $240.00 and identifying IQVIA as “overweight.” Truist Financial took the optimism one step further by raising its target price from $244.00 to $260.00 and recommending a “buy” rating.
Lastly, StockNews.com recently upgraded its rating on IQVIA from “hold” to “buy.” With such positive analyst opinions, it comes as no surprise that Bloomberg.com reports an average rating of “Moderate Buy” for IQVIA and a consensus target price of $252.
Overall, IQVIA continues to attract institutional investors’ attention due to its strong market presence and potential for growth in the medical research industry. With ongoing investments and positive analyst reports, IQVIA appears well-positioned for increased success in the future.