Texas Permanent School Fund Purchases New Position in INC Research Holdings, Inc. (INCR)

Texas Permanent School Fund purchased a new position in shares of INC Research Holdings, Inc. (NASDAQ:INCR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 39,502 shares of the company’s stock, valued at approximately $2,311,000.

A number of other hedge funds also recently modified their holdings of INCR. Chicago Equity Partners LLC increased its stake in shares of INC Research Holdings by 1.5% in the first quarter. Chicago Equity Partners LLC now owns 41,190 shares of the company’s stock worth $1,889,000 after buying an additional 620 shares during the period. Eqis Capital Management Inc. increased its stake in shares of INC Research Holdings by 4.9% in the first quarter. Eqis Capital Management Inc. now owns 20,227 shares of the company’s stock worth $927,000 after buying an additional 943 shares during the period. Usca Ria LLC increased its stake in shares of INC Research Holdings by 4.9% in the first quarter. Usca Ria LLC now owns 9,075 shares of the company’s stock worth $416,000 after buying an additional 425 shares during the period. Camelot Portfolios LLC bought a new stake in shares of INC Research Holdings during the first quarter worth $292,000. Finally, Hillcrest Asset Management LLC increased its stake in shares of INC Research Holdings by 7.8% in the first quarter. Hillcrest Asset Management LLC now owns 222,703 shares of the company’s stock worth $10,211,000 after buying an additional 16,164 shares during the period. 98.70% of the stock is owned by hedge funds and other institutional investors.

INC Research Holdings, Inc. (NASDAQ:INCR) opened at 55.95 on Thursday. 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 capitalization of $3.03 billion, a P/E ratio of 34.28 and a beta of 1.42. The stock’s 50 day moving average is $57.13 and its 200-day moving average is $51.88.

INC Research Holdings (NASDAQ:INCR) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.64 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. INC Research Holdings had a net margin of 5.69% and a return on equity of 40.69%. The firm had revenue of $258.10 million for the quarter, compared to the consensus estimate of $256.76 million. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts predict that INC Research Holdings, Inc. will post $2.60 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Texas Permanent School Fund Purchases New Position in INC Research Holdings, Inc. (INCR)” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2797189/texas-permanent-school-fund-purchases-new-position-in-inc-research-holdings-inc-incr.html.

A number of brokerages have weighed in on INCR. William Blair downgraded shares of INC Research Holdings from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 20th. Jefferies Group LLC downgraded shares of INC Research Holdings from a “buy” rating to a “hold” rating and increased their price target for the company from $62.00 to $64.00 in a report on Thursday, June 29th. KeyCorp raised shares of INC Research Holdings from a “sector weight” rating to an “overweight” rating and set a $68.00 price target for the company in a report on Monday, June 5th. BidaskClub downgraded shares of INC Research Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, SunTrust Banks, Inc. raised shares of INC Research Holdings from a “hold” rating to a “buy” rating and increased their price target for the company from $48.00 to $67.00 in a report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price 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 shares were sold at an average price of $58.32, for a total value of $400,833.36. Following the transaction, the chief accounting officer now directly owns 47,450 shares in the company, valued at $2,767,284. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Alistair Macdonald sold 10,555 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $58.38, for a total transaction of $616,200.90. Following the completion of the transaction, the chief executive officer now owns 83,935 shares in the company, valued at $4,900,125.30. The disclosure for this sale can be found here. 0.24% of the stock is owned by 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.

Want to see what other hedge funds are holding INCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for INC Research Holdings, Inc. (NASDAQ:INCR).

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

Receive News & Ratings for INC Research Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for INC Research Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.