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

Representative Robert Bresnahan, Jr. (R-Pennsylvania) has recently made headlines by selling shares of IQVIA Holdings Inc. (NYSE: IQV). A disclosure filed on March 27th revealed that the Representative sold between $1,001 and $15,000 worth of IQVIA stock on February 25th. The transaction was carried out through his "JP MORGAN BROKERAGE ACCOUNT".

In addition to the IQVIA shares, Bresnahan's recent trading activity includes a range of other transactions:

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

IQVIA Stock Performance

On the trading day following Bresnahan's sale, shares of IQVIA began at a price of $177.27. The company's financial stability is indicated by 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 approximately $31.25 billion and has shown a price-to-earnings (PE) ratio of 23.64, alongside a price-to-earnings growth (PEG) ratio of 1.99. Over the past year, their stock has fluctuated between a low of $176.03 and a high of $253.84, with a fifty-day moving average sitting at $193.15 and a 200-day moving average at $206.47.

IQVIA reported its earnings results on February 6th, revealing earnings per share (EPS) of $2.90 for the prior quarter, which fell short of the analysts' consensus estimate of $3.11 by $0.21. The company achieved a return on equity of 28.81% and a net margin of 8.91%. Analysts project that IQVIA Holdings Inc. will realize an EPS of 10.84 for the current fiscal year.

Analyst Opinions

IQVIA's stock has been under review by a number of financial analysts. On February 11th, Morgan Stanley raised their price target on the stock from $245.00 to $250.00, maintaining an "overweight" rating. Research from Stephens issued an "overweight" rating with a target price of $250.00 on December 20th. However, on March 12th, StockNews.com downgraded IQVIA from a "buy" to a "hold" position. Conversely, William Blair kept an "outperform" rating on shares of IQVIA as of December 11th. Royal Bank of Canada also maintained an "outperform" rating, setting a price target of $270.00 on February 10th. Currently, five analysts have rated the stock as a hold, while sixteen have recommended a buy, resulting in a consensus rating of "Moderate Buy" and an average price target of $249.05.

Recent Hedge Fund Activities

Recent activities among hedge funds reflect interest in IQVIA's shares. Private Trust Co. NA increased its stake by 10.7% during the third quarter, owning 485 shares and valuing them at approximately $115,000 after acquiring additional shares. Pine Valley Investments made a modest increase of 0.5% in holdings, bringing their total to 9,481 shares valued at $2,247,000. Additionally, Howard Capital Management Inc. raised its holdings by 4.9%, now owning 1,147 shares valued at $225,000. Finally, Wealth Enhancement Advisory Services LLC and Cypress Wealth Services LLC also increased their respective holdings in the company. Overall, hedge funds and institutional investors own about 89.62% of IQVIA's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) serves in the U.S. House, representing Pennsylvania's 8th Congressional District since he assumed office on January 3, 2025. His term is set to conclude on January 3, 2027. Bresnahan is preparing for re-election for the same Congressional seat in 2026. Born in Kingston, Pennsylvania, he obtained a B.S. in business administration, management, and operations from the University of Scranton in 2012. His career includes experience as both the chief financial officer and CEO of a family-owned electrical contracting firm.

About IQVIA

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

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