IQVIA Holdings Inc. [IQV] moved up 0.45: Why It’s Important

IQVIA Holdings Inc. [NYSE: IQV] traded at a high on 08/25/20, posting a 0.45 gain after which it closed the day’ session at $156.94. The company report on August 5, 2020 that IQVIA’s Nancy Dreyer and Deepa Desai Honored with 2020 PharmaVOICE Awards.

IQVIA™ (NYSE: IQV) today announced that Nancy Dreyer, chief scientific officer and senior vice president, Real World Solutions, has been awarded PharmaVOICE magazine’s Red Jacket honor after she was recognized multiple times as a PharmaVOICE 100. IQVIA’s Deepa Desai, vice president and head, Quality Management Systems, Quality Assurance, was honored on the 2020 PharmaVOICE 100 List, which identifies the most influential and inspiring leaders within the life sciences industry.

“Congratulations to Nancy and Deepa for receiving these greatly deserved honors,” said IQVIA CEO and Chairman Ari Bousbib. “We are proud of their impactful accomplishments. These awards speak to their strong leadership, vision and strategic abilities to continue to create lasting change within the life sciences industry.”.

The results of the trading session contributed to over 1147012 shares changing hands. Over the past one week, the price volatility of IQVIA Holdings Inc. stands at 1.68% while the volatility over the past one month is 1.62%.

The market cap for IQV stock reached $30.09 billion, with 191.60 million shares outstanding and 189.16 million shares in the current float. Compared to the average trading volume of 1.11M shares, IQV reached a trading volume of 1147012 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about IQVIA Holdings Inc. [IQV]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IQV shares is $184.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IQV stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stephens have made an estimate for IQVIA Holdings Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on July 07, 2020. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on March 02, 2020, representing the official price target for IQVIA Holdings Inc. stock. Previously, the target price had yet another raise to $180, while Wells Fargo analysts kept a Overweight rating on IQV stock.

The Average True Range (ATR) for IQVIA Holdings Inc. is set at 3.25, with the Price to Sales ratio for IQV stock in the period of the last 12 months amounting to 2.75. The Price to Book ratio for the last quarter was 5.43, with the Price to Cash per share for the same quarter was set at 5.16. Price to Free Cash Flow for IQV in the course of the last twelve months was 36.04 with Quick ratio for the last quarter at 1.10.

How has IQV stock performed recently?

IQVIA Holdings Inc. [IQV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.24. With this latest performance, IQV shares dropped by -3.29% in over the last four-week period, additionally plugging by 5.05% over the last 6 months – not to mention a rise of 1.17% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IQV stock in for the last two-week period is set at 50.94, with the RSI for the last a single of trading hit 41.35, and the three-weeks RSI is set at 52.37 for IQVIA Holdings Inc. [IQV]. The present Moving Average for the last 50 days of trading for this stock 151.64, while it was recorded at 157.77 for the last single week of trading, and 143.71 for the last 200 days.

IQVIA Holdings Inc. [IQV]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and IQVIA Holdings Inc. [IQV] shares currently have an operating margin of +7.73 and a Gross Margin at +23.36. IQVIA Holdings Inc.’s Net Margin is presently recorded at +1.72.

Return on Total Capital for IQV is now 4.71, given the latest momentum, and Return on Invested Capital for the company is 1.07. Return on Equity for this stock inclined to 3.00, with Return on Assets sitting at 0.83. When it comes to the capital structure of this company, IQVIA Holdings Inc. [IQV] has a Total Debt to Total Equity ratio set at 203.13. Additionally, IQV Total Debt to Total Capital is recorded at 67.01, with Total Debt to Total Assets ending up at 52.45. Long-Term Debt to Equity for the company is recorded at 198.92, with the Long-Term Debt to Total Capital now at 65.62.

Reflecting on the efficiency of the workforce at the company, IQVIA Holdings Inc. [IQV] managed to generate an average of $2,851 per employee. Receivables Turnover for the company is 4.35 with a Total Asset Turnover recorded at a value of 0.48.IQVIA Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Earnings analysis for IQVIA Holdings Inc. [IQV]

With the latest financial reports released by the company, IQVIA Holdings Inc. posted 1.6/share EPS, while the average EPS was predicted by analysts to be reported at 1.57/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IQV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for IQVIA Holdings Inc. go to 10.47%.

Insider trade positions for IQVIA Holdings Inc. [IQV]

There are presently around $27,111 million, or 92.50% of IQV stock, in the hands of institutional investors. The top three institutional holders of IQV stocks are: VANGUARD GROUP INC with ownership of 20,564,415, which is approximately 4.221% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 13,803,972 shares of the stock with an approximate value of $2.17 billion in IQV stocks shares; and STATE STREET CORP, currently with $1.27 billion in IQV stock with ownership of nearly 2.094% of the company’s market capitalization.

Positions in IQVIA Holdings Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 352 institutional holders increased their position in IQVIA Holdings Inc. [NYSE:IQV] by around 15,246,301 shares. Additionally, 326 investors decreased positions by around 14,232,248 shares, while 78 investors held positions by with 143,270,910 shares. The mentioned changes placed institutional holdings at 172,749,459 shares, according to the latest SEC report filing. IQV stock had 92 new institutional investments in for a total of 3,381,157 shares, while 73 institutional investors sold positions of 2,296,980 shares during the same period.

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