Systematic Financial Management LP Has $1.37 Million Position in Icon Plc (ICLR)

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Systematic Financial Management LP increased its stake in shares of Icon Plc (NASDAQ:ICLR) by 8.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,042 shares of the medical research company’s stock after buying an additional 755 shares during the quarter. Systematic Financial Management LP’s holdings in Icon were worth $1,372,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ICLR. Pendal Group Ltd lifted its position in Icon by 48,582.8% during the fourth quarter. Pendal Group Ltd now owns 1,405,471 shares of the medical research company’s stock worth $181,601,000 after buying an additional 1,402,584 shares in the last quarter. Norges Bank acquired a new stake in Icon during the fourth quarter worth $84,127,000. WCM Investment Management LLC increased its stake in Icon by 5.4% during the fourth quarter. WCM Investment Management LLC now owns 5,272,086 shares of the medical research company’s stock worth $681,207,000 after acquiring an additional 271,375 shares during the last quarter. State of Tennessee Treasury Department acquired a new stake in Icon during the fourth quarter worth $23,301,000. Finally, American Century Companies Inc. acquired a new stake in Icon during the fourth quarter worth $22,158,000. Hedge funds and other institutional investors own 87.65% of the company’s stock.

Shares of NASDAQ ICLR traded down $0.05 during trading on Friday, reaching $140.97. The stock had a trading volume of 3,208 shares, compared to its average volume of 316,055. Icon Plc has a fifty-two week low of $118.10 and a fifty-two week high of $155.33. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $7.48 billion, a PE ratio of 22.23, a PEG ratio of 1.91 and a beta of 0.62.

Icon (NASDAQ:ICLR) last issued its quarterly earnings data on Wednesday, May 1st. The medical research company reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.03. Icon had a return on equity of 25.71% and a net margin of 12.56%. The business had revenue of $674.85 million during the quarter, compared to analysts’ expectations of $668.93 million. During the same period in the previous year, the firm posted $1.44 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts predict that Icon Plc will post 6.87 earnings per share for the current year.

Several equities research analysts have issued reports on the company. SunTrust Banks reissued a “buy” rating and set a $161.00 target price on shares of Icon in a research note on Monday, February 25th. BidaskClub raised Icon from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Barclays raised their target price on Icon from $140.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. ValuEngine raised Icon from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research raised Icon from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $153.20.

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Icon Profile

ICON Public Limited Company, a clinical research organization, provides outsourced development services to the pharmaceutical, biotechnology, and medical device industries in Ireland, rest of Europe, the United States, and internationally. It specializes in the strategic development, management, and analysis of programs that support various stages of the clinical development process from compound selection to Phase I-IV clinical studies.

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Institutional Ownership by Quarter for Icon (NASDAQ:ICLR)

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