INC Research Holdings, Inc. (INCR) Shares Bought by Jennison Associates LLC

Jennison Associates LLC raised its stake in shares of INC Research Holdings, Inc. (NASDAQ:INCR) by 21.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 922,118 shares of the company’s stock after acquiring an additional 165,793 shares during the period. Jennison Associates LLC owned approximately 0.89% of INC Research Holdings worth $48,227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of INCR. Strs Ohio lifted its stake in shares of INC Research Holdings by 0.8% in the 2nd quarter. Strs Ohio now owns 25,200 shares of the company’s stock worth $1,474,000 after purchasing an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of INC Research Holdings by 14.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,765 shares of the company’s stock worth $103,000 after purchasing an additional 228 shares during the period. Victory Capital Management Inc. lifted its stake in shares of INC Research Holdings by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,377 shares of the company’s stock worth $139,000 after purchasing an additional 356 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of INC Research Holdings by 4.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 20,946 shares of the company’s stock worth $1,095,000 after purchasing an additional 986 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of INC Research Holdings by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 44,821 shares of the company’s stock worth $2,055,000 after purchasing an additional 1,154 shares during the period. Institutional investors and hedge funds own 77.75% of the company’s stock.

Shares of INC Research Holdings, Inc. (INCR) opened at $34.35 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.99. INC Research Holdings, Inc. has a fifty-two week low of $34.05 and a fifty-two week high of $61.10. The stock has a market cap of $3,855.55, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36.

INC Research Holdings (NASDAQ:INCR) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.09). INC Research Holdings had a negative net margin of 4.29% and a positive return on equity of 14.42%. The company had revenue of $592.21 million for the quarter, compared to analysts’ expectations of $604.95 million. During the same period last year, the business earned $0.64 earnings per share. The company’s quarterly revenue was up 128.2% compared to the same quarter last year. equities research analysts anticipate that INC Research Holdings, Inc. will post 2.29 earnings per share for the current year.

Several brokerages have recently weighed in on INCR. TheStreet upgraded shares of INC Research Holdings from a “c” rating to a “b-” rating in a research note on Monday, November 6th. BidaskClub cut shares of INC Research Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and set a $62.50 target price on shares of INC Research Holdings in a research note on Sunday, July 30th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $65.00 target price on shares of INC Research Holdings in a research note on Monday, August 7th. Finally, Credit Suisse Group initiated coverage on shares of INC Research Holdings in a research note on Wednesday, October 11th. They set an “outperform” rating and a $68.00 target price on the stock. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. INC Research Holdings has a consensus rating of “Buy” and an average price target of $56.33.

In related news, CFO Gregory S. Rush sold 9,703 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $54.48, for a total value of $528,619.44. Following the completion of the transaction, the chief financial officer now directly owns 78,593 shares of the company’s stock, valued at $4,281,746.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Alistair Macdonald sold 2,348 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 99,453 shares of the company’s stock, valued at $5,430,133.80. 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. Insiders own 0.24% of the company’s stock.

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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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