Rep. Robert Bresnahan, Jr. Sells Shares of IQVIA Holdings Inc.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) has recently made a significant move in the stock market by selling shares of IQVIA Holdings Inc. (NYSE: IQV). According to a filing made public on March 27, he reported that he sold between $1,001 and $15,000 worth of IQVIA stock on February 25. This transaction was executed through his "JP MORGAN BROKERAGE ACCOUNT."

In addition to the transaction involving IQVIA, Representative Bresnahan has been active in the stock market with several other trades:

• He purchased shares of Intuit (NASDAQ: INTU) valued between $1,001 - $15,000 on March 7, 2025.
• He sold shares of Tesla (NASDAQ: TSLA) within the same range on March 6, 2025.
• He also bought shares of SEA (NYSE: SE) valued between $1,001 - $15,000 on March 5, 2025.
• On March 4, 2025, he sold shares of Credo Technology Group (NASDAQ: CRDO) within the same value range.
• On the same day, he purchased shares of Meta Platforms (NASDAQ: META) and Twilio (NYSE: TWLO), both valued between $1,001 - $15,000.
• Additionally, he sold shares of Alibaba Group (NYSE: BABA) worth between $15,001 - $50,000 on March 4, 2025.
• On March 3, 2025, he purchased shares of Zoom Video Communications (NASDAQ: ZM) and Intel (NASDAQ: INTC), both valued between $1,001 - $15,000.
• Lastly, he acquired shares of Snowflake (NYSE: SNOW) within the same price range on March 3, 2025.

IQVIA Price Performance

On the trading day following the announcement, shares of IQVIA (NYSE: IQV) opened at $177.27. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.84, and a current ratio of 0.84. IQVIA Holdings Inc. boasts a market capitalization of $31.25 billion, with a PE ratio of 23.64 and a PEG ratio of 1.99. The stock has fluctuated over the past year, reaching a low of $176.03 and a high of $253.84. The fifty-day moving average stands at $193.15, while the 200-day moving average is $206.47.

Recently, IQVIA announced its earning results on February 6, revealing earnings per share (EPS) of $2.90 for the quarter, which was below the consensus estimate of $3.11 by $0.21. The firm's return on equity was noted to be 28.81% alongside a net margin of 8.91%. Analysts forecast that IQVIA Holdings Inc. will report a total EPS of 10.84 for the current fiscal year.

Analyst Insights on IQVIA

IQVIA has garnered attention from multiple analysts, with some issuing reports that include various ratings and price targets. Morgan Stanley elevated their price target for IQVIA from $245.00 to $250.00, assigning an "overweight" rating in a report from February 11. Stephens also took a positive stance on IQVIA, with an "overweight" rating and a target price of $250.00. However, StockNews.com recently downgraded the stock from a "buy" to a "hold" on March 12. Meanwhile, William Blair maintained an "outperform" rating in its earlier report, and the Royal Bank of Canada has reiterated an "outperform" rating with a higher price objective of $270.00. Presently, five investment analysts recommend a hold rating for the stock, while sixteen analysts suggest a buy and one analyst has issued a strong buy. The consensus on MarketBeat indicates a moderate buy rating, with an average price target of $249.05.

Hedge Funds Activity in IQVIA

Hedge funds have recently made adjustments to their positions in IQVIA, displaying a strong interest in the stock. For instance, Private Trust Co. NA upgraded its stake in IQVIA by 10.7% during the third quarter, bringing its total holdings to 485 shares valued at approximately $115,000 after acquiring 47 additional shares. Pine Valley Investments Ltd Liability Co, too, expanded its investment by 0.5%, raising its total to 9,481 shares valued at about $2,247,000. Other firms like Howard Capital Management Inc. and Wealth Enhancement Advisory Services LLC also increased their holdings. Despite these changes, 89.62% of IQVIA's stock is still owned by hedge funds and institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. serves as a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He officially took office on January 3, 2025, and his current term is set to conclude on January 3, 2027. He is actively pursuing re-election for the 2026 election. Born in Kingston, Pennsylvania, Bresnahan holds a B.S. in business administration with a focus on management and operations from the University of Scranton, which he earned in 2012. He has professional experience as a chief financial officer and CEO in a family-run electrical contracting business.

About IQVIA

IQVIA Holdings Inc. specializes in providing advanced analytics, technology solutions, and clinical research services tailored for the life sciences sector. The company operates across several geographical areas, including the Americas, Europe, Africa, and the Asia-Pacific region. Its operations are divided into three core segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions.

Bresnahan, IQVIA, Stocks