Today, INC Research Holdings Inc. (INCR) VP Sold $1,586,984.10 in Stock

Today, INC Research Holdings Inc. (INCR) VP Sold $1,586,984.10 in Stock

INC Research Holdings Inc. (NASDAQ:INCR) VP Gregory S. Rush sold 35,503 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $44.70, for a total transaction of $1,586,984.10. Following the completion of the transaction, the vice president now owns 82,712 shares in the company, valued at $3,697,226.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of INC Research Holdings Inc. (NASDAQ:INCR) opened at 46.17 on Friday. The stock’s 50 day moving average price is $44.25 and its 200-day moving average price is $43.54. INC Research Holdings Inc. has a 1-year low of $34.19 and a 1-year high of $57.11. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 22.77 and a beta of 1.80.

INC Research Holdings (NASDAQ:INCR) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. INC Research Holdings had a return on equity of 46.76% and a net margin of 7.43%. The company had revenue of $258.80 million for the quarter, compared to analysts’ expectations of $252.39 million. During the same period in the previous year, the firm earned $0.47 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts forecast that INC Research Holdings Inc. will post $2.47 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Underhill Investment Management LLC boosted its position in INC Research Holdings by 51.4% in the second quarter. Underhill Investment Management LLC now owns 277,100 shares of the company’s stock worth $10,566,000 after buying an additional 94,050 shares in the last quarter. BlackRock Fund Advisors boosted its position in INC Research Holdings by 4.1% in the first quarter. BlackRock Fund Advisors now owns 1,030,807 shares of the company’s stock worth $42,480,000 after buying an additional 40,140 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in INC Research Holdings by 15.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,167,431 shares of the company’s stock worth $48,110,000 after buying an additional 159,122 shares in the last quarter. Rice Hall James & Associates LLC acquired a new position in INC Research Holdings during the second quarter worth approximately $14,226,000. Finally, Adage Capital Partners GP L.L.C. boosted its position in INC Research Holdings by 14.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 800,000 shares of the company’s stock worth $32,968,000 after buying an additional 100,000 shares in the last quarter. 91.27% of the stock is currently owned by institutional investors.

A number of brokerages have commented on INCR. Zacks Investment Research cut shares of INC Research Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Jefferies Group reduced their price target on shares of INC Research Holdings from $56.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, August 17th. Credit Suisse Group AG began coverage on shares of INC Research Holdings in a research report on Monday, June 20th. They set an “outperform” rating and a $51.00 price target on the stock. Finally, Goldman Sachs Group Inc. increased their price target on shares of INC Research Holdings from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. INC Research Holdings has a consensus rating of “Buy” and a consensus price target of $55.00.

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