IQVIA Holdings Inc (IQV) with a beta value of 1.52 appears to be a promising investment opportunity.

IQVIA Holdings Inc (NYSE: IQV) on Tuesday, soared 1.59% from the previous trading day ,before settling in for the closing price of $241.50. Within the past 52 weeks, IQV’s price has moved between $167.42 and $261.73.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 7.76%. The company achieved an average annual earnings per share of 8.95%. With a float of $179.94 million, this company’s outstanding shares have now reached $181.50 million.

Let’s determine the extent of company efficiency that accounts for 87000 employees.

IQVIA Holdings Inc (IQV) Breakdown of a Key Holders of the stock

Observing investor behavior towards Diagnostics & Research industry stocks is more important than anything else. The insider ownership of IQVIA Holdings Inc is 1.14%, while institutional ownership is 91.30%. The most recent insider transaction that took place on Mar 01 ’24, was worth 7,936,193. In this transaction an insider of this company sold 31,678 shares at a rate of $250.53, taking the stock ownership to the 796,752 shares. Before that another transaction happened on Feb 29 ’24, when Company’s insider sold 14,100 for $247.80, making the entire transaction worth $3,494,034. This insider now owns 15,945 shares in total.

IQVIA Holdings Inc (IQV) Recent Fiscal highlights

As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $2.84 earnings per share (EPS) for the period topping the consensus outlook (set at $2.82) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.67 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 8.95% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.48% during the next five years compared to 42.42% growth over the previous five years of trading.

IQVIA Holdings Inc (NYSE: IQV) Trading Performance Indicators

IQVIA Holdings Inc (IQV) is currently performing well based on its current performance indicators. A quick ratio of 0.86 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.98. Likewise, its price to free cash flow for the trailing twelve months is 29.77.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.30, a number that is poised to hit 2.48 in the next quarter and is forecasted to reach 12.54 in one year’s time.

Technical Analysis of IQVIA Holdings Inc (IQV)

Looking closely at IQVIA Holdings Inc (NYSE: IQV), its last 5-days average volume was 0.68 million, which is a drop from its year-to-date volume of 1.0 million. As of the previous 9 days, the stock’s Stochastic %D was 29.61%. Additionally, its Average True Range was 5.12.

During the past 100 days, IQVIA Holdings Inc’s (IQV) raw stochastic average was set at 74.52%, which indicates a significant increase from 39.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.65% in the past 14 days, which was lower than the 29.09% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $240.71, while its 200-day Moving Average is $219.34. However, in the short run, IQVIA Holdings Inc’s stock first resistance to watch stands at $246.81. Second resistance stands at $248.28. The third major resistance level sits at $249.56. If the price goes on to break the first support level at $244.05, it is likely to go to the next support level at $242.77. Now, if the price goes above the second support level, the third support stands at $241.30.

IQVIA Holdings Inc (NYSE: IQV) Key Stats

Market capitalization of the company is 44.65 billion based on 181,500K outstanding shares. Right now, sales total 14,984 M and income totals 1,358 M. The company made 3,868 M in profit during its latest quarter, and 469,000 K in sales during its previous quarter.