Victory Capital Management Inc. lifted its position in INC Research Holdings, Inc. (NASDAQ:INCR) by 17.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,377 shares of the company’s stock after buying an additional 356 shares during the period. Victory Capital Management Inc.’s holdings in INC Research Holdings were worth $139,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of INC Research Holdings by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 6,044,044 shares of the company’s stock worth $277,119,000 after buying an additional 386,699 shares during the last quarter. BlackRock Inc. grew its position in shares of INC Research Holdings by 40,517.6% in the 1st quarter. BlackRock Inc. now owns 3,544,294 shares of the company’s stock worth $162,506,000 after buying an additional 3,535,568 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of INC Research Holdings by 93.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,196,849 shares of the company’s stock worth $54,876,000 after buying an additional 577,034 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of INC Research Holdings by 1.0% in the 1st quarter. Clearbridge Investments LLC now owns 1,021,253 shares of the company’s stock worth $46,824,000 after buying an additional 10,427 shares during the last quarter. Finally, State Street Corp grew its position in shares of INC Research Holdings by 0.8% in the 1st quarter. State Street Corp now owns 831,489 shares of the company’s stock worth $38,126,000 after buying an additional 6,742 shares during the last quarter. 54.56% of the stock is currently owned by hedge funds and other institutional investors.

INC Research Holdings, Inc. (NASDAQ:INCR) opened at 52.20 on Tuesday. The company has a 50 day moving average of $56.00 and a 200 day moving average of $52.66. The firm has a market capitalization of $2.83 billion, a PE ratio of 31.99 and a beta of 1.41. INC Research Holdings, Inc. has a 1-year low of $40.65 and a 1-year high of $61.10.

INC Research Holdings (NASDAQ:INCR) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.64. INC Research Holdings had a net margin of 5.69% and a return on equity of 40.69%. The firm had revenue of $258.10 million for the quarter, compared to analyst estimates of $256.76 million. During the same period last year, the firm posted $0.61 EPS. INC Research Holdings’s quarterly revenue was down .3% on a year-over-year basis. Analysts forecast that INC Research Holdings, Inc. will post $2.62 EPS for the current year.

INCR has been the topic of several research analyst reports. William Blair downgraded shares of INC Research Holdings from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 20th. Jefferies Group LLC reissued a “buy” rating and set a $62.00 target price on shares of INC Research Holdings in a research report on Friday, June 16th. TheStreet downgraded shares of INC Research Holdings from a “b” rating to a “c” rating in a research report on Friday, July 28th. SunTrust Banks, Inc. raised shares of INC Research Holdings from a “hold” rating to a “buy” rating and boosted their target price for the stock from $48.00 to $67.00 in a research report on Wednesday, May 31st. Finally, KeyCorp raised shares of INC Research Holdings from a “sector weight” rating to an “overweight” rating and set a $68.00 target price on the stock in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. INC Research Holdings has a consensus rating of “Hold” and a consensus target price of $62.94.

In related news, CFO Gregory S. Rush sold 88,739 shares of INC Research Holdings stock in a transaction on Friday, September 1st. The shares were sold at an average price of $58.99, for a total value of $5,234,713.61. Following the transaction, the chief financial officer now directly owns 149,301 shares in the company, valued at approximately $8,807,265.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gregory S. Rush sold 41,420 shares of INC Research Holdings stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $58.26, for a total transaction of $2,413,129.20. Following the completion of the transaction, the chief financial officer now owns 42,793 shares in the company, valued at $2,493,120.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 215,749 shares of company stock worth $12,567,826. 0.24% of the stock is currently owned by insiders.

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About INC Research Holdings

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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