Is IMS Health Holdings Inc (IMS) A Good Stock To Buy?

As one would reasonably expect, specific money managers have been driving this bullishness. Incline Global Management, managed by Jeff Lignelli, created the biggest position in IMS Health Holdings Inc (NYSE:IMS). Incline Global Management had $19.5 million invested in the company at the end of the quarter. D. E. Shaw’s D E Shaw also initiated a $18.6 million position during the quarter. The other funds with new positions in the stock are Siddharth Thacker’s Signpost Capital, James Parsons’s Junto Capital Management, and Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners.

Let’s go over hedge fund activity in other stocks similar to IMS Health Holdings Inc (NYSE:IMS). We will take a look at Maxim Integrated Products Inc. (NASDAQ:MXIM), Extra Space Storage, Inc. (NYSE:EXR), Cintas Corporation (NASDAQ:CTAS), and Cna Financial Corp (NYSE:CNA). All of these stocks’ market caps are similar to IMS’s market cap.

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $439 million. That figure was $831 million in IMS’s case. Cintas Corporation (NASDAQ:CTAS) is the most popular stock in this table with 27 funds reporting stakes as of September 30. On the other hand, Cna Financial Corp (NYSE:CNA) is the least popular one. Compared to these stocks, IMS Health Holdings Inc (NYSE:IMS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.