Gregory S. Rush Sells 35,503 Shares of INC Research Holdings Inc. (INCR) Stock
INC Research Holdings Inc. (NASDAQ:INCR) VP Gregory S. Rush sold 35,503 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 82,712 shares of the company’s stock, valued at approximately $3,697,226.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
INC Research Holdings Inc. (NASDAQ:INCR) opened at 44.95 on Tuesday. INC Research Holdings Inc. has a 12 month low of $34.19 and a 12 month high of $57.11. The stock’s 50 day moving average is $44.18 and its 200 day moving average is $43.47. The firm has a market cap of $2.46 billion, a PE ratio of 22.16 and a beta of 1.80.
INC Research Holdings (NASDAQ:INCR) last released its earnings results on Thursday, July 28th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates 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 earned $258.80 million during the quarter, compared to the consensus estimate of $252.39 million. During the same quarter last year, the company earned $0.47 earnings per share. INC Research Holdings’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities analysts forecast that INC Research Holdings Inc. will post $2.47 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Menta Capital LLC acquired a new stake in INC Research Holdings during the first quarter worth approximately $760,000. Palisade Capital Management LLC NJ increased its stake in INC Research Holdings by 113.3% in the first quarter. Palisade Capital Management LLC NJ now owns 306,029 shares of the company’s stock worth $12,611,000 after buying an additional 162,527 shares during the period. TimesSquare Capital Management LLC increased its stake in INC Research Holdings by 23.0% in the first quarter. TimesSquare Capital Management LLC now owns 1,519,250 shares of the company’s stock worth $62,608,000 after buying an additional 284,300 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in INC Research Holdings during the first quarter worth approximately $614,000. Finally, Acrospire Investment Management LLC acquired a new stake in INC Research Holdings during the first quarter worth approximately $117,000. 91.27% of the stock is owned by institutional investors.
INCR has been the subject of a number of research reports. Zacks Investment Research raised shares of INC Research Holdings from a “sell” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, August 2nd. Jefferies Group reaffirmed a “buy” rating on shares of INC Research Holdings in a report on Friday, June 10th. Goldman Sachs Group Inc. upped their target price on shares of INC Research Holdings from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Finally, Credit Suisse Group AG initiated 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. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. INC Research Holdings presently has an average rating of “Buy” and an average target price of $55.00.
INC Research Holdings Company Profile
INC Research Holdings, Inc is a global contract research organization (CRO). The Company is focused 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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.