INC Research Holdings Inc. (NASDAQ:INCR)’s share price dropped 1.3% on Thursday . The stock traded as low as $44.12 and last traded at $44.79, with a volume of 731,645 shares changing hands. The stock had previously closed at $45.36.

INCR has been the subject of several analyst reports. KeyCorp reiterated a “hold” rating on shares of INC Research Holdings in a report on Sunday, May 22nd. Zacks Investment Research cut INC Research Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Robert W. Baird cut INC Research Holdings from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $51.00 in a research report on Tuesday, May 3rd. Jefferies Group reiterated a “buy” rating on shares of INC Research Holdings in a research report on Friday, June 10th. Finally, Credit Suisse Group AG started coverage on INC Research Holdings in a research report on Monday, June 20th. They issued an “outperform” rating and a $51.00 price target on the stock. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $52.50.

The stock has a market capitalization of $2.41 billion and a price-to-earnings ratio of 21.75. The stock has a 50-day moving average price of $43.52 and a 200-day moving average price of $42.64.

INC Research Holdings (NASDAQ:INCR) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company earned $258.80 million during the quarter, compared to analysts’ expectations of $252.39 million. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share. Analysts anticipate that INC Research Holdings Inc. will post $2.47 EPS for the current year.

In related news, CFO Gregory S. Rush sold 1,358 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $37.97, for a total value of $51,563.26. Following the completion of the transaction, the chief financial officer now directly owns 19,457 shares in the company, valued at approximately $738,782.29. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Christopher L. Gaenzle sold 7,702 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $40.14, for a total transaction of $309,158.28. Following the completion of the transaction, the chief accounting officer now owns 18,287 shares of the company’s stock, valued at $734,040.18. The disclosure for this sale can be found here.

An institutional investor recently raised its position in INC Research Holdings stock. Airain ltd boosted its position in shares of INC Research Holdings Inc. (NASDAQ:INCR) by 97.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 64,650 shares of the company’s stock after buying an additional 31,928 shares during the period. Airain ltd owned about 0.11% of INC Research Holdings worth $3,136,000 at the end of the most recent quarter.

INC Research Holdings, Inc is a global contract research organization (CRO). The Company is focused on Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. The Company operates through two segments: Clinical Development Services and Phase I Services.

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