Trilogy Global Advisors LP bought a new position in Icon PLC (NASDAQ:ICLR) during the third quarter, according to its most recent disclosure with the SEC. The fund bought 237,270 shares of the company’s stock, valued at approximately $18,357,000. Trilogy Global Advisors LP owned 0.43% of Icon PLC as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of ICLR. Premier Fund Managers Ltd acquired a new position in shares of Icon PLC during the second quarter worth about $2,890,000. Cambiar Investors LLC increased its position in shares of Icon PLC by 15.6% in the second quarter. Cambiar Investors LLC now owns 5,015 shares of the company’s stock worth $351,000 after buying an additional 675 shares in the last quarter. GW&K Investment Management LLC acquired a new position in shares of Icon PLC during the second quarter worth about $284,000. Bank of Montreal Can acquired a new position in shares of Icon PLC during the second quarter worth about $8,622,000. Finally, 1st Global Advisors Inc. increased its position in shares of Icon PLC by 3.8% in the second quarter. 1st Global Advisors Inc. now owns 4,808 shares of the company’s stock worth $337,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.
Shares of Icon PLC (NASDAQ:ICLR) opened at 76.31 on Friday. The firm has a market cap of $4.26 billion, a PE ratio of 17.10 and a beta of 0.73. The company has a 50 day moving average price of $78.97 and a 200 day moving average price of $73.87. Icon PLC has a 12-month low of $62.31 and a 12-month high of $85.74.
Icon PLC (NASDAQ:ICLR) last announced its quarterly earnings data on Thursday, October 20th. The company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.01. Icon PLC had a return on equity of 29.47% and a net margin of 15.60%. The company had revenue of $420.20 million for the quarter, compared to analyst estimates of $420.14 million. During the same quarter in the previous year, the company earned $1.02 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts forecast that Icon PLC will post $4.71 earnings per share for the current fiscal year.
ICLR has been the subject of a number of research analyst reports. Zacks Investment Research cut Icon PLC from a “buy” rating to a “hold” rating in a report on Monday, October 24th. Evercore ISI raised Icon PLC from a “hold” rating to a “buy” rating and increased their target price for the company from $81.50 to $89.00 in a report on Friday, October 14th. Jefferies Group reissued a “hold” rating and set a $87.50 target price (up previously from $80.00) on shares of Icon PLC in a report on Monday, October 24th. Finally, Avondale Partners raised Icon PLC from an “underperform” rating to a “market perform” rating in a report on Thursday, October 20th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Icon PLC has a consensus rating of “Buy” and a consensus price target of $81.19.
Icon PLC Company Profile