Finance

Dissecting the Insider Trading Patterns of IQVIA Holdings Inc. (IQV)

Recent insider trends for IQVIA Holdings Inc. (NYSE:IQV) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how IQV might perform in the future.

Institutions own 99.98% of IQVIA Holdings Inc. (IQV)’s shares. The total value of these holdings, in millions, is $20,808. Among active positions in the latest quarter, 283 holders increased their positions by a total of 20.92 million shares, 206 holders decreased the positions by a total of 25.05 million shares, and 54 holders held their positions. This works out to a net decrease in ownership of 4.13 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 103 holders initiated new positions by a total of 4.79 million shares and 48 holders exited their positions by a total of 1.49 million shares. This nets out to an increase of 3.29 million shares and is a bullish sign for IQV.

In the last three months, insiders executed a total of 13 trades. 13 were sells. Insider ownership decreased by a total of 15.18 million shares, which suggests that IQV’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 14 sells, and ownership decreased by a net of 15.19 million shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. IQVIA Holdings Inc. (NYSE:IQV)’s short interest is 5.79 million shares, or 3.29% of the float. This represents a decrease of -4% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for IQV. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that IQV is a Strong buy, which implies that IQV is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that IQVIA Holdings Inc. (NYSE:IQV) is undervalued.

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