IQVIA (NYSE:IQV) Price Target Lowered to $265.00 at Deutsche Bank Aktiengesellschaft

IQVIA (NYSE:IQVFree Report) had its price target reduced by Deutsche Bank Aktiengesellschaft from $270.00 to $265.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the medical research company’s stock.

A number of other brokerages have also recently commented on IQV. Evercore ISI lowered their price target on IQVIA from $270.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price target on IQVIA from $288.00 to $279.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Argus upgraded IQVIA to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays reduced their price objective on IQVIA from $275.00 to $260.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group reduced their price objective on IQVIA from $280.00 to $250.00 and set a “buy” rating for the company in a research note on Friday. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.24.

Check Out Our Latest Analysis on IQVIA

IQVIA Stock Performance

IQV traded up $3.34 on Friday, reaching $209.16. 1,791,887 shares of the stock were exchanged, compared to its average volume of 1,125,496. The company’s 50-day moving average price is $234.31 and its 200 day moving average price is $229.74. IQVIA has a fifty-two week low of $181.03 and a fifty-two week high of $261.73. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.81 and a quick ratio of 0.85. The firm has a market capitalization of $38.13 billion, a PE ratio of 27.45, a PEG ratio of 2.01 and a beta of 1.51.

Insider Buying and Selling

In other IQVIA news, insider Eric Sherbet sold 1,300 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $246.33, for a total transaction of $320,229.00. Following the completion of the transaction, the insider now owns 19,536 shares of the company’s stock, valued at $4,812,302.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On IQVIA

A number of hedge funds have recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its holdings in shares of IQVIA by 6.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,403,488 shares of the medical research company’s stock valued at $719,634,000 after acquiring an additional 211,653 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of IQVIA by 0.9% in the first quarter. Lazard Asset Management LLC now owns 3,263,944 shares of the medical research company’s stock valued at $825,416,000 after purchasing an additional 30,014 shares in the last quarter. Farallon Capital Management LLC grew its position in shares of IQVIA by 3.1% in the second quarter. Farallon Capital Management LLC now owns 2,923,032 shares of the medical research company’s stock valued at $618,046,000 after purchasing an additional 86,870 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of IQVIA by 3.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,510,685 shares of the medical research company’s stock worth $634,927,000 after buying an additional 92,293 shares during the period. Finally, Capital Research Global Investors raised its stake in shares of IQVIA by 7.2% in the first quarter. Capital Research Global Investors now owns 2,138,802 shares of the medical research company’s stock valued at $540,882,000 after acquiring an additional 143,533 shares in the last quarter. Institutional investors and hedge funds own 89.62% of the company’s stock.

About IQVIA

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IQVIA Holdings Inc engages in the provision of 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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Analyst Recommendations for IQVIA (NYSE:IQV)

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