INC Research Holdings, Inc. (INCR) Stake Raised by AHL Partners LLP

AHL Partners LLP grew its position in INC Research Holdings, Inc. (NASDAQ:INCR) by 90.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,034 shares of the company’s stock after acquiring an additional 22,874 shares during the quarter. AHL Partners LLP owned about 0.09% of INC Research Holdings worth $2,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of INC Research Holdings by 5.4% in the first quarter. Fifth Third Bancorp now owns 2,904 shares of the company’s stock valued at $133,000 after acquiring an additional 149 shares during the period. Teacher Retirement System of Texas raised its stake in shares of INC Research Holdings by 4.0% in the first quarter. Teacher Retirement System of Texas now owns 4,426 shares of the company’s stock valued at $203,000 after acquiring an additional 170 shares during the period. Strs Ohio raised its stake in shares of INC Research Holdings by 0.8% in the second quarter. Strs Ohio now owns 25,200 shares of the company’s stock valued at $1,474,000 after acquiring an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of INC Research Holdings by 14.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,765 shares of the company’s stock valued at $103,000 after acquiring an additional 228 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of INC Research Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,377 shares of the company’s stock valued at $139,000 after acquiring an additional 356 shares during the period. 54.56% of the stock is currently owned by institutional investors and hedge funds.

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INCR has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of INC Research Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub downgraded shares of INC Research Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Mizuho assumed coverage on shares of INC Research Holdings in a research note on Thursday, September 21st. They issued a “neutral” rating and a $57.00 price target on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $65.00 price target on shares of INC Research Holdings in a research note 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 research note on Sunday, July 30th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. INC Research Holdings has an average rating of “Buy” and a consensus target price of $63.75.

INC Research Holdings, Inc. (NASDAQ:INCR) opened at 54.95 on Wednesday. The company has a 50-day moving average of $54.89 and a 200 day moving average of $53.53. The stock has a market cap of $2.98 billion, a P/E ratio of 33.67 and a beta of 1.34. 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 issued its quarterly earnings data on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.64. The firm had revenue of $258.10 million for the quarter, compared to analyst estimates of $256.76 million. INC Research Holdings had a net margin of 5.69% and a return on equity of 40.69%. INC Research Holdings’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Analysts predict that INC Research Holdings, Inc. will post $2.62 EPS for the current year.

In related news, CFO Gregory S. Rush sold 41,420 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $58.26, for a total value of $2,413,129.20. Following the sale, the chief financial officer now directly owns 42,793 shares in the company, valued at approximately $2,493,120.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Alistair Macdonald sold 2,348 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $54.60, for a total transaction of $128,200.80. Following the completion of the sale, the chief executive officer now owns 99,453 shares in the company, valued at $5,430,133.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,321 shares of company stock worth $11,550,792. 0.24% of the stock is owned by insiders.

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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