Stocks

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

Published March 30, 2025

Representative Robert Bresnahan, Jr. (R-Pennsylvania) has recently sold a portion of his shares in IQVIA Holdings Inc. (NYSE: IQV). A filing made public on March 27th revealed that on February 25th, he sold shares valued between $1,001 and $15,000 from his ''JP MORGAN BROKERAGE ACCOUNT''.

In addition to the sale of IQVIA stock, Rep. Bresnahan has participated in several other trades recently:

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

IQVIA Price Performance

As of last Friday, shares of IQVIA opened at $177.27. The company demonstrates a debt-to-equity ratio of 2.12 and shows a quick ratio of 0.84, along with a current ratio of 0.84. The market capitalization for the firm stands at $31.25 billion, accompanied by a price-to-earnings (PE) ratio of 23.64 and a PEG ratio of 1.99. IQVIA's stock has seen a one-year low of $176.03 and a high of $253.84. The fifty-day moving average is currently $193.15, with a 200-day moving average of $206.47.

IQVIA reported its earnings results on February 6th, where it posted an earnings per share (EPS) of $2.90 for the quarter, falling short of analysts' expectations which had estimated $3.11 by $0.21. The company also reported a return on equity of 28.81% and a net margin of 8.91%. Analysts anticipate that IQVIA Holdings Inc. will achieve an EPS of 10.84 for the current fiscal year.

Wall Street Analyst Opinions

The stock has been the focus of various analyst reports recently. On February 11th, Morgan Stanley raised their price target for IQVIA from $245.00 to $250.00 while assigning an “overweight” rating in their report. In a recent coverage report dated December 20th, Stephens issued an “overweight” rating with a target of $250.00. Conversely, on March 12th, StockNews.com downgraded IQVIA from a “buy” to a “hold” rating. William Blair maintained an “outperform” rating in a report on December 11th, while Royal Bank of Canada reiterated an “outperform” rating with a target price of $270.00 on February 10th. In total, five analysts categorize the stock with a hold rating, sixteen with a buy rating, and one with a strong buy rating. Currently, the consensus rating for IQVIA's stock is classified as a "Moderate Buy," with an expected average target price set at $249.05.

Hedge Funds Investing in IQVIA

Several hedge funds have made changes to their holdings in IQVIA recently. Private Trust Co. NA increased its shares of IQVIA by 10.7% during the last quarter and now owns 485 shares valued at $115,000 after purchasing an extra 47 shares. Similarly, Pine Valley Investments Ltd Liability Co added 0.5% to their position and now holds 9,481 shares valued at $2,247,000 following an additional purchase of 50 shares. Furthermore, Howard Capital Management Inc. raised its stakes by 4.9% with a new total of 1,147 shares worth $225,000. Wealth Enhancement Advisory Services LLC also increased their holdings by 1.0% and owns 5,434 shares valued at $1,068,000 after acquiring 56 new shares. Lastly, Cypress Wealth Services LLC enhanced its position by 4.8%, owning now 1,243 shares valued at $244,000 after acquiring an extra 57 shares. In total, hedge funds and institutional investors claim ownership of about 89.62% of IQVIA's outstanding shares.

About Representative Bresnahan

Rob Bresnahan Jr., affiliated with the Republican Party, serves in the U.S. House representing Pennsylvania's 8th Congressional District. Taking office on January 3, 2025, he is currently serving a term that will end on January 3, 2027. Bresnahan is gearing up for re-election in the 2026 election cycle. Born in Kingston, Pennsylvania, he holds a B.S. in business administration with a focus on management and operations from the University of Scranton, which he completed in 2012. His professional experience includes roles as the chief financial officer and CEO of a family-owned electrical contracting business.

About IQVIA