Samlyn Capital LLC grew its position in INC Research Holdings, Inc. (NASDAQ:INCR) by 31.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,021,406 shares of the company’s stock after buying an additional 244,457 shares during the quarter. INC Research Holdings accounts for approximately 1.5% of Samlyn Capital LLC’s holdings, making the stock its 21st biggest holding. Samlyn Capital LLC owned 1.89% of INC Research Holdings worth $59,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in INCR. BlackRock Inc. raised its stake in shares of INC Research Holdings by 82.3% during the 2nd quarter. BlackRock Inc. now owns 6,461,899 shares of the company’s stock worth $378,020,000 after buying an additional 2,917,605 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of INC Research Holdings by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,186,393 shares of the company’s stock worth $361,904,000 after buying an additional 142,349 shares in the last quarter. Mackenzie Financial Corp boosted 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 in the last quarter. Clearbridge Investments LLC boosted 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of INC Research Holdings by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 966,105 shares of the company’s stock worth $56,517,000 after buying an additional 189,716 shares in the last quarter. Institutional investors and hedge funds own 54.56% of the company’s stock.

A number of equities research analysts recently commented on the stock. BidaskClub cut shares of INC Research Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. KeyCorp upgraded shares of INC Research Holdings from a “sector weight” rating to an “overweight” rating and set a $68.00 target price for the company in a research report on Monday, June 5th. Mizuho assumed coverage on shares of INC Research Holdings in a research report on Thursday, September 21st. They set a “neutral” rating and a $57.00 target price for the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $65.00 price target on shares of INC Research Holdings in a report on Monday, August 7th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $62.50 price target on shares of INC Research Holdings in a report on Sunday, July 30th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $62.81.

INC Research Holdings, Inc. (INCR) traded up 0.19% during mid-day trading on Tuesday, reaching $53.25. The company had a trading volume of 149,622 shares. The firm has a market capitalization of $2.89 billion, a P/E ratio of 32.63 and a beta of 1.35. The stock’s 50-day moving average is $55.14 and its 200 day moving average is $53.10. INC Research Holdings, Inc. has a 12 month low of $40.65 and a 12 month high of $61.10.

INC Research Holdings (NASDAQ:INCR) last issued its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.64. The business had revenue of $258.10 million for 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 company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. On average, analysts predict that INC Research Holdings, Inc. will post $2.62 earnings per share for the current fiscal year.

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In related news, CFO Gregory S. Rush sold 41,420 shares of INC Research Holdings stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $58.26, for a total value of $2,413,129.20. Following the transaction, the chief financial officer now owns 42,793 shares of the company’s stock, valued at approximately $2,493,120.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alistair Macdonald sold 8,828 shares of INC Research Holdings stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $55.65, for a total value of $491,278.20. Following the completion of the transaction, the chief executive officer now directly owns 110,629 shares in the company, valued at approximately $6,156,503.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,321 shares of company stock valued at $11,550,792. 0.24% of the stock is currently owned by company insiders.

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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