Copper Rock Capital Partners LLC cut its position in shares of INC Research Holdings Inc. (NASDAQ:INCR) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 480,423 shares of the company’s stock after selling 4,484 shares during the period. Copper Rock Capital Partners LLC owned about 0.88% of INC Research Holdings worth $21,230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of INC Research Holdings by 2,867.5% in the second quarter. JPMorgan Chase & Co. now owns 2,360,478 shares of the company’s stock worth $90,005,000 after buying an additional 2,280,933 shares during the last quarter. Vanguard Group Inc. raised its position in shares of INC Research Holdings by 29.8% in the second quarter. Vanguard Group Inc. now owns 4,732,938 shares of the company’s stock worth $180,467,000 after buying an additional 1,087,652 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of INC Research Holdings by 64.0% in the second quarter. BlackRock Fund Advisors now owns 1,690,162 shares of the company’s stock worth $64,446,000 after buying an additional 659,355 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of INC Research Holdings during the second quarter worth $24,612,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of INC Research Holdings during the second quarter worth $18,421,000. 91.27% of the stock is currently owned by hedge funds and other institutional investors.

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

INC Research Holdings Inc. (NASDAQ:INCR) opened at 46.17 on Friday. INC Research Holdings Inc. has a one year low of $34.19 and a one year high of $57.11. The company’s 50-day moving average is $44.25 and its 200-day moving average is $43.54. The firm has a market capitalization of $2.53 billion, a P/E ratio of 22.77 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The business earned $258.80 million during the quarter, compared to the consensus estimate of $252.39 million. INC Research Holdings had a net margin of 7.43% and a return on equity of 46.76%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. Equities analysts forecast that INC Research Holdings Inc. will post $2.47 earnings per share for the current fiscal year.

INCR has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of INC Research Holdings from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective on the stock in a report on Friday, August 19th. Credit Suisse Group AG initiated coverage on shares of INC Research Holdings in a report on Monday, June 20th. They issued an “outperform” rating and a $51.00 price objective on the stock. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and issued a $82.00 price objective on shares of INC Research Holdings in a report on Thursday, September 8th. Finally, Jefferies Group lowered their price objective on shares of INC Research Holdings from $56.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, August 17th. Three 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. The company presently has an average rating of “Buy” and an average target price of $55.00.

In other INC Research Holdings news, Director Teachers Pension Plan Ontario sold 2,445,591 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $42.06, for a total transaction of $102,861,557.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Gregory S. Rush sold 35,503 shares of the stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $44.70, for a total value of $1,586,984.10. Following the transaction, the vice president now owns 82,712 shares in the company, valued at $3,697,226.40. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

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.

5 Day Chart for NASDAQ:INCR

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