Stocks of IQVIA Holdings Inc. (IQV) are poised to climb above their peers

IQVIA Holdings Inc. (NYSE: IQV) stock fell -0.28% on Thursday to $197.47 against a previous-day closing price of $198.03. With 1.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.2 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $200.21 whereas the lowest price it dropped to was $195.36. The 52-week range on IQV shows that it touched its highest point at $249.11 and its lowest point at $165.75 during that stretch. It currently has a 1-year price target of $243.71. Beta for the stock currently stands at 1.39.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IQV was up-trending over the past week, with a rise of 1.03%, but this was up by 3.94% over a month. Three-month performance dropped to -5.76% while six-month performance fell -8.54%. The stock lost -2.24% in the past year, while it has lost -3.62% so far this year. A look at the trailing 12-month EPS for IQV yields 5.57 with Next year EPS estimates of 11.96. For the next quarter, that number is 2.37. This implies an EPS growth rate of 15.50% for this year and 14.78% for next year. EPS is expected to grow by 11.55% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.60%.

Float and Shares Shorts:

At present, 185.50 million IQV shares are outstanding with a float of 184.29 million shares on hand for trading. On May 14, 2023, short shares totaled 2.0 million, which was 1.08% higher than short shares on Apr 13, 2023. In addition to Mr. Ari Bousbib as the firm’s Chairman, Pres & CEO, Mr. Ronald E. Bruehlman serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 90.12% of IQV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.57% of IQV, in contrast to 5.87% held by mutual funds. Shares owned by individuals account for 39.54%. As the largest shareholder in IQV with 11.22% of the stake, The Vanguard Group, Inc. holds 20,830,993 shares worth 20,830,993. A second-largest stockholder of IQV, BlackRock Fund Advisors, holds 10,474,803 shares, controlling over 5.64% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in IQV, holding 8,244,423 shares or 4.44% stake. With a 3.11% stake in IQV, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 5,771,815 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.35% of IQV stock, is the second-largest Mutual Fund holder. It holds 4,358,757 shares valued at 820.45 million. Vanguard Mid Cap Index Fund holds 2.33% of the stake in IQV, owning 4,332,797 shares worth 815.56 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, IQV reported revenue of $3.54B and operating income of $457.00M. The EBITDA in the recently reported quarter was $696.00M and diluted EPS was $1.34.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IQV since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IQV analysts setting a high price target of $285.00 and a low target of $200.00, the average target price over the next 12 months is $243.56. Based on these targets, IQV could surge 44.33% to reach the target high and rise by 1.28% to reach the target low. Reaching the average price target will result in a growth of 23.34% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded IQV stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 106,404 while 75,157 shares were sold.

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