West Coast Financial LLC lifted its position in shares of INC Research Holdings, Inc. (NASDAQ:INCR) by 70.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,212 shares of the company’s stock after buying an additional 44,834 shares during the period. INC Research Holdings comprises 1.5% of West Coast Financial LLC’s investment portfolio, making the stock its 23rd largest position. West Coast Financial LLC owned 0.20% of INC Research Holdings worth $5,659,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in INCR. American Century Companies Inc. bought a new position in INC Research Holdings during the 3rd quarter worth approximately $476,000. Stevens Capital Management LP bought a new position in INC Research Holdings during the 3rd quarter worth approximately $866,000. Kornitzer Capital Management Inc. KS grew its position in INC Research Holdings by 34.0% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 186,000 shares of the company’s stock worth $9,728,000 after acquiring an additional 47,225 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in INC Research Holdings by 29.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 24,128 shares of the company’s stock worth $1,262,000 after acquiring an additional 5,510 shares during the last quarter. Finally, Palisade Capital Management LLC NJ grew its position in INC Research Holdings by 1.9% during the 3rd quarter. Palisade Capital Management LLC NJ now owns 441,775 shares of the company’s stock worth $23,105,000 after acquiring an additional 8,177 shares during the last quarter. 77.68% of the stock is currently owned by institutional investors.

In related news, CEO Alistair Macdonald sold 2,348 shares of INC Research Holdings stock in a transaction on Monday, September 18th. The stock was sold at an average price of $54.60, for a total value of $128,200.80. Following the completion of the sale, the chief executive officer now owns 99,453 shares of the company’s stock, valued at $5,430,133.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Gregory S. Rush sold 41,420 shares of INC Research Holdings stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 42,793 shares of the company’s stock, valued at approximately $2,493,120.18. The disclosure for this sale can be found here. Insiders sold 198,321 shares of company stock valued at $11,550,792 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded INC Research Holdings from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Wednesday, September 27th. TheStreet lowered INC Research Holdings from a “b” rating to a “c” rating in a research report on Friday, July 28th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $65.00 price target on shares of INC Research Holdings in a research report on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and set a $62.50 price target on shares of INC Research Holdings in a research report on Sunday, July 30th. Finally, BidaskClub lowered INC Research Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. INC Research Holdings presently has a consensus rating of “Buy” and an average price target of $64.22.

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Shares of INC Research Holdings, Inc. (NASDAQ:INCR) traded up $0.60 during mid-day trading on Tuesday, hitting $59.00. The stock had a trading volume of 858,396 shares, compared to its average volume of 615,909. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.27. INC Research Holdings, Inc. has a 12-month low of $40.65 and a 12-month high of $61.10. The company has a market cap of $6,120.00 and a price-to-earnings ratio of 25.39.

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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