Aperio Group LLC purchased a new position in shares of INC Research Holdings, Inc. (NASDAQ:INCR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,702 shares of the company’s stock, valued at approximately $685,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INCR. Fifth Third Bancorp raised its position in INC Research Holdings by 5.4% in the first quarter. Fifth Third Bancorp now owns 2,904 shares of the company’s stock worth $133,000 after buying an additional 149 shares during the last quarter. Argent Capital Management LLC raised its position in INC Research Holdings by 2.3% in the first quarter. Argent Capital Management LLC now owns 7,695 shares of the company’s stock worth $353,000 after buying an additional 170 shares during the last quarter. Teacher Retirement System of Texas raised its position in INC Research Holdings by 4.0% in the first quarter. Teacher Retirement System of Texas now owns 4,426 shares of the company’s stock worth $203,000 after buying an additional 170 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in INC Research Holdings by 4.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,629 shares of the company’s stock worth $212,000 after buying an additional 200 shares during the last quarter. Finally, Usca Ria LLC raised its position in INC Research Holdings by 4.9% in the first quarter. Usca Ria LLC now owns 9,075 shares of the company’s stock worth $416,000 after buying an additional 425 shares during the last quarter. 99.84% of the stock is owned by institutional investors and hedge funds.

Shares of INC Research Holdings, Inc. (NASDAQ INCR) traded up 2.49% on Tuesday, hitting $57.65. The stock had a trading volume of 231,416 shares. INC Research Holdings, Inc. has a 52-week low of $40.65 and a 52-week high of $61.10. The company has a market cap of $3.12 billion, a P/E ratio of 35.32 and a beta of 1.42. The company has a 50-day moving average of $56.31 and a 200-day moving average of $52.08.

INC Research Holdings (NASDAQ:INCR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64. INC Research Holdings had a net margin of 5.69% and a return on equity of 40.69%. The company had revenue of $258.10 million for the quarter, compared to analyst estimates of $256.76 million. During the same period in the prior year, the company earned $0.61 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. On average, equities analysts anticipate that INC Research Holdings, Inc. will post $2.61 EPS for the current fiscal year.

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INCR has been the subject of several research reports. William Blair lowered INC Research Holdings from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 20th. Jefferies Group LLC lowered INC Research Holdings from a “buy” rating to a “hold” rating and increased their target price for the stock from $62.00 to $64.00 in a research report on Thursday, June 29th. Robert W. Baird raised INC Research Holdings from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $66.00 in a research report on Thursday, May 11th. TheStreet lowered INC Research Holdings from a “b” rating to a “c” rating in a research report on Friday, July 28th. Finally, SunTrust Banks, Inc. raised INC Research Holdings from a “hold” rating to a “buy” rating and increased their target price for the stock from $48.00 to $67.00 in a research report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $63.79.

In other INC Research Holdings news, CEO Alistair Macdonald sold 8,828 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $55.65, for a total value of $491,278.20. Following the sale, the chief executive officer now directly owns 110,629 shares of the company’s stock, valued at $6,156,503.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Christopher L. Gaenzle sold 6,873 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $58.32, for a total transaction of $400,833.36. Following the completion of the sale, the chief accounting officer now directly owns 47,450 shares in the company, valued at $2,767,284. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,256 shares of company stock worth $1,508,312. 0.24% of the stock is owned by corporate insiders.

INC Research Holdings Company Profile

INC Research Holdings, Inc is a global contract research organization (CRO). The Company focuses 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.

Institutional Ownership by Quarter for INC Research Holdings (NASDAQ:INCR)

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