RiverPark is bullish on Iqvia Holdings Inc (NYSE:IQV) in which the fund started a new position during the fourth quarter of 2017. In its Long/Short Opportunity Fund Q4 Investor Letter, RiverPark discussed its investment thesis on Iqvia Holdings Inc. Let’s take a look at the fund’s thoughts on the $21-billion market cap provider of integrated information and technology-enabled healthcare services.

Iqvia Holdings Inc provides information, technology solutions and contract research services to the healthcare industry. Formed through the merger of IMS Health and Quintiles, IQVIA has approximately 55,000 employees in more than 100 countries.

For the fourth quarter ended December 31, IQVIA reported revenue of $2.16 billion, up 10.7% on a reported basis, and 8.4% on a constant currency basis, compared to the same quarter of 2016. The company had net income of $1.08 billion, or $5.02 earnings per share, versus a loss of $178 million, or $0.74 per share, for the same 2016’s quarter. For the full-year 2017, revenue was $8.06 billion, up 4.3% reported and 4.2% on a constant currency basis, compared to the combined company results in 2016. For the full year of 2017, net income was $1.31 billion, or $5.88 per share, compared to $115 million and $0.76 per share, for 2016.

Meanwhile, shares of Iqvia Holdings Inc are up 3.9% so far this year. The stock was closed up 0.16% at $101.72 on Friday. It has gained nearly 2% over the past 30 days.

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