Strs Ohio raised its position in INC Research Holdings, Inc. (NASDAQ:INCR) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 25,200 shares of the company’s stock after buying an additional 200 shares during the period. Strs Ohio’s holdings in INC Research Holdings were worth $1,474,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of INC Research Holdings by 40,517.6% in the first 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. MARSHALL WACE ASIA Ltd acquired a new stake in shares of INC Research Holdings during the first quarter worth approximately $37,634,000. Marshall Wace North America L.P. acquired a new stake in shares of INC Research Holdings during the first quarter worth approximately $37,634,000. Redmile Group LLC acquired a new stake in shares of INC Research Holdings during the first quarter worth approximately $29,059,000. Finally, Mackenzie Financial Corp raised 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 buying an additional 577,034 shares during the last quarter. 98.70% of the stock is owned by institutional investors.

Shares of INC Research Holdings, Inc. (NASDAQ INCR) opened at 54.80 on Friday. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 33.58 and a beta of 1.42. The company has a 50-day moving average price of $56.86 and a 200-day moving average price of $51.93. INC Research Holdings, Inc. has a 52 week low of $40.65 and a 52 week 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 for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. INC Research Holdings had a return on equity of 40.69% and a net margin of 5.69%. The business had revenue of $258.10 million during the quarter, compared to analysts’ expectations of $256.76 million. During the same period in the prior year, the business earned $0.61 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts anticipate that INC Research Holdings, Inc. will post $2.60 EPS for the current year.

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A number of analysts recently commented on INCR shares. TheStreet raised INC Research Holdings from a “c” rating to a “b-” rating in a research note on Monday, April 17th. Wells Fargo & Company lowered INC Research Holdings from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $51.00 price target on shares of INC Research Holdings in a research note on Friday, April 21st. Zacks Investment Research lowered INC Research Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Finally, Robert W. Baird raised INC Research Holdings from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $46.00 to $66.00 in a research note on Thursday, May 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $63.79.

In other INC Research Holdings news, CAO Christopher L. Gaenzle sold 6,873 shares of the company’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $58.32, for a total value 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 approximately $2,767,284. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Alistair Macdonald sold 10,555 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $58.38, for a total value of $616,200.90. Following the completion of the sale, the chief executive officer now owns 83,935 shares of the company’s stock, valued at $4,900,125.30. The disclosure for this sale can be found here. 0.24% of the stock is currently 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.

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

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