TimesSquare Capital Management LLC trimmed its position in INC Research Holdings, Inc. (NASDAQ:INCR) by 39.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 564,100 shares of the company’s stock after selling 373,190 shares during the quarter. TimesSquare Capital Management LLC owned about 1.04% of INC Research Holdings worth $33,000,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Fifth Third Bancorp boosted its holdings in INC Research Holdings by 5.4% in the 1st quarter. Fifth Third Bancorp now owns 2,904 shares of the company’s stock valued at $133,000 after purchasing an additional 149 shares during the last quarter. Argent Capital Management LLC lifted its holdings in shares of INC Research Holdings by 2.3% in the 1st quarter. Argent Capital Management LLC now owns 7,695 shares of the company’s stock worth $353,000 after acquiring an additional 170 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of INC Research Holdings by 4.0% in the 1st quarter. Teacher Retirement System of Texas now owns 4,426 shares of the company’s stock worth $203,000 after acquiring an additional 170 shares during the last quarter. Strs Ohio lifted its holdings in shares of INC Research Holdings by 0.8% in the 2nd quarter. Strs Ohio now owns 25,200 shares of the company’s stock worth $1,474,000 after acquiring an additional 200 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of INC Research Holdings by 14.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,765 shares of the company’s stock worth $103,000 after acquiring an additional 228 shares during the last quarter. Institutional investors own 98.97% of the company’s stock.

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In other INC Research Holdings news, CAO Christopher L. Gaenzle sold 6,873 shares of INC Research Holdings stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $58.32, for a total transaction of $400,833.36. Following the transaction, the chief accounting officer now directly owns 47,450 shares of the company’s stock, valued at $2,767,284. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Gregory S. Rush sold 41,420 shares of INC Research Holdings stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $58.26, for a total transaction of $2,413,129.20. Following the transaction, the chief financial officer now directly owns 42,793 shares in the company, valued at $2,493,120.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 199,016 shares of company stock worth $11,655,556. 0.24% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on the stock. SunTrust Banks, Inc. upgraded shares of INC Research Holdings from a “hold” rating to a “buy” rating and upped their price objective for the stock from $48.00 to $67.00 in a report on Wednesday, May 31st. Jefferies Group LLC lowered shares of INC Research Holdings from a “buy” rating to a “hold” rating and upped their price objective for the stock from $62.00 to $64.00 in a report on Thursday, June 29th. TheStreet lowered shares of INC Research Holdings from a “b” rating to a “c” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of INC Research Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Finally, BidaskClub lowered shares of INC Research Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $63.79.

INC Research Holdings, Inc. (NASDAQ INCR) opened at 55.55 on Monday. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 34.04 and a beta of 1.41. INC Research Holdings, Inc. has a one year low of $40.65 and a one year high of $61.10. The stock has a 50 day moving average of $56.29 and a 200 day moving average of $52.43.

INC Research Holdings (NASDAQ:INCR) last released its earnings results on Thursday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. INC Research Holdings had a net margin of 5.69% and a return on equity of 40.69%. The business had revenue of $258.10 million for the quarter, compared to analysts’ expectations of $256.76 million. During the same period last year, the company earned $0.61 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Analysts forecast that INC Research Holdings, Inc. will post $2.63 earnings per share for the current year.

INC Research Holdings Profile

INC Research Holdings, Inc is a global contract research organization (CRO). The Company focuses 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.

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

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