Profund Advisors LLC purchased a new position in INC Research Holdings, Inc. (NASDAQ:INCR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,364 shares of the company’s stock, valued at approximately $372,000.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of INC Research Holdings by 82.3% in the second quarter. BlackRock Inc. now owns 6,461,899 shares of the company’s stock worth $378,020,000 after purchasing an additional 2,917,605 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of INC Research Holdings by 6.8% in the first quarter. Vanguard Group Inc. now owns 6,044,044 shares of the company’s stock worth $277,119,000 after purchasing an additional 386,699 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of INC Research Holdings by 93.1% in the first quarter. Mackenzie Financial Corp now owns 1,196,849 shares of the company’s stock worth $54,876,000 after purchasing an additional 577,034 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of INC Research Holdings by 1.0% in the first quarter. Clearbridge Investments LLC now owns 1,021,253 shares of the company’s stock worth $46,824,000 after purchasing an additional 10,427 shares in the last quarter. Finally, State Street Corp grew its stake in shares of INC Research Holdings by 0.8% in the first quarter. State Street Corp now owns 831,489 shares of the company’s stock worth $38,126,000 after purchasing an additional 6,742 shares in the last quarter. 54.56% of the stock is owned by institutional investors.

Shares of INC Research Holdings, Inc. (NASDAQ:INCR) opened at 53.55 on Friday. INC Research Holdings, Inc. has a one year low of $40.65 and a one year high of $61.10. The stock has a 50 day moving average price of $54.97 and a 200 day moving average price of $53.16. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 32.81 and a beta of 1.34.

INC Research Holdings (NASDAQ:INCR) last released its earnings results on Thursday, July 27th. The company reported $0.64 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The company had revenue of $258.10 million during the quarter, compared to analysts’ expectations of $256.76 million. INC Research Holdings had a return on equity of 40.69% and a net margin of 5.69%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. On average, equities research analysts forecast that INC Research Holdings, Inc. will post $2.62 EPS for the current year.

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Several research analysts have recently issued reports on the company. Jefferies Group LLC cut INC Research Holdings from a “buy” rating to a “hold” rating and increased their price target for the stock from $62.00 to $64.00 in a research note on Thursday, June 29th. TheStreet cut INC Research Holdings from a “b” rating to a “c” rating in a research note on Friday, July 28th. Mizuho assumed coverage on INC Research Holdings in a research note on Thursday, September 21st. They issued a “neutral” rating and a $57.00 price target for the company. BidaskClub cut INC Research Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research raised INC Research Holdings from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Wednesday, September 27th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $62.81.

In other news, CAO Christopher L. Gaenzle sold 4,682 shares of INC Research Holdings stock in a transaction on Monday, September 18th. The stock was sold at an average price of $54.56, for a total value of $255,449.92. Following the completion of the sale, the chief accounting officer now directly owns 60,579 shares of the company’s stock, valued at approximately $3,305,190.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alistair Macdonald sold 8,828 shares of INC Research Holdings 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 completion of the sale, the chief executive officer now directly owns 110,629 shares of the company’s stock, valued at $6,156,503.85. The disclosure for this sale can be found here. Insiders sold a total of 198,321 shares of company stock valued at $11,550,792 over the last three months. Insiders own 0.24% of the company’s stock.

INC Research Holdings 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.

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

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