Rep. Robert Bresnahan, Jr. Sells IQVIA Holdings Inc. (NYSE:IQV) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) has recently sold shares of IQVIA Holdings Inc. (NYSE: IQV). This transaction was disclosed in a filing made on March 27th, where it was revealed that he sold between $1,001 and $15,000 in IQVIA stock on February 25th. The trade took place in the Representative's JP Morgan brokerage account.

In addition to this sale, Representative Bresnahan, Jr. has been involved in several other stock transactions:

• Purchased $1,001 - $15,000 in shares of Intuit (NASDAQ: INTU) on March 7, 2025.
• Sold $1,001 - $15,000 in shares of Tesla (NASDAQ: TSLA) on March 6, 2025.
• Purchased $1,001 - $15,000 in shares of SEA (NYSE: SE) on March 5, 2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group (NASDAQ: CRDO) on March 4, 2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms (NASDAQ: META) on March 4, 2025.
• Purchased $1,001 - $15,000 in shares of Twilio (NYSE: TWLO) on March 4, 2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group (NYSE: BABA) on March 4, 2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications (NASDAQ: ZM) on March 4, 2025.
• Purchased $1,001 - $15,000 in shares of Intel (NASDAQ: INTC) on March 3, 2025.
• Purchased $1,001 - $15,000 in shares of Snowflake (NYSE: SNOW) on March 3, 2025.

IQVIA Price Performance

As of Friday, shares of IQVIA opened at $177.27. The company has a debt-to-equity ratio of 2.12, with a quick ratio and current ratio both at 0.84. IQVIA has a market capitalization of approximately $31.25 billion, a P/E ratio of 23.64, a PEG ratio of 1.99, and a beta of 1.50. Over the past year, the stock has seen 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.

IQVIA announced its earnings results on Thursday, February 6th, reporting earnings per share (EPS) of $2.90 for the quarter, which was below the consensus estimate of $3.11 by $0.21. The company's return on equity is 28.81%, and it has a net margin of 8.91%. Analysts project that IQVIA Holdings Inc. will achieve an EPS of 10.84 for the current fiscal year.

Wall Street Analyst Opinions

IQVIA has garnered attention from several analysts. Morgan Stanley increased its price target for IQVIA from $245.00 to $250.00 and assigned the company an "overweight" rating in a report dated February 11th. In a separate report from December 20th, Stephens initiated coverage of IQVIA, issuing an "overweight" rating with a target price of $250.00. However, StockNews.com downgraded the stock from a "buy" rating to a "hold" on March 12th. William Blair reaffirmed an "outperform" rating in their report from December 11th, while Royal Bank of Canada reiterated its "outperform" rating with a price target of $270.00 on February 10th. Currently, five investment analysts hold a "hold" rating, sixteen have a "buy" rating, and one analyst has given it a "strong buy" rating. The consensus rating for the stock is categorized as a "Moderate Buy," with an average price target of $249.05.

Hedge Fund Activity with IQVIA

Recent activities from hedge funds concerning IQVIA shares have been notable. Private Trust Co. NA increased its stake in IQVIA by 10.7% during the third quarter, now holding 485 shares valued at approximately $115,000 after acquiring an additional 47 shares. Pine Valley Investments LLC also grew its position by 0.5%, now owning 9,481 shares valued at around $2,247,000 after purchasing 50 shares in the last quarter. Additionally, Howard Capital Management Inc. increased its holdings by 4.9% in the fourth quarter, with a total of 1,147 shares now valued at $225,000. Wealth Enhancement Advisory Services LLC raised its position in IQVIA by 1.0%, now owning 5,434 shares valued at $1,068,000, while Cypress Wealth Services LLC increased its holdings by 4.8%, owning 1,243 shares valued at $244,000 after acquiring 57 shares. A significant 89.62% of IQVIA's stock is held by hedge funds and institutional investors.

About Representative Bresnahan

Robert Bresnahan Jr. (Republican Party) serves as a member of the U.S. House, representing Pennsylvania's 8th Congressional District since he took office on January 3, 2025. His current term is set to end on January 3, 2027, and he is campaigning for re-election in the 2026 election. Born in Kingston, Pennsylvania, he earned a Bachelor of Science in business administration from the University of Scranton in 2012. Prior to his political career, Bresnahan worked as the CEO and CFO of a family-owned electrical contracting company.

About IQVIA

IQVIA Holdings Inc. offers advanced analytics, technology solutions, and clinical research services to the life sciences industry across the Americas, Europe, Africa, and the Asia-Pacific. The company operates through three main segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions.

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