Sterling Capital Management LLC Acquires 1,949 Shares of INC Research Holdings, Inc. (INCR)
Sterling Capital Management LLC boosted its holdings in shares of INC Research Holdings, Inc. (NASDAQ:INCR) by 17.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,212 shares of the company’s stock after buying an additional 1,949 shares during the period. Sterling Capital Management LLC’s holdings in INC Research were worth $691,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in INC Research by 14.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,765 shares of the company’s stock worth $103,000 after buying an additional 228 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in INC Research during the second quarter worth $123,000. Riverhead Capital Management LLC acquired a new stake in INC Research during the second quarter worth $128,000. Victory Capital Management Inc. boosted its stake in INC Research by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,377 shares of the company’s stock worth $139,000 after buying an additional 356 shares in the last quarter. Finally, Shelton Capital Management acquired a new stake in INC Research during the second quarter worth $247,000. Hedge funds and other institutional investors own 99.50% of the company’s stock.
INCR has been the topic of a number of recent research reports. TheStreet upgraded shares of INC Research from a “c” rating to a “b-” rating in a research note on Monday, November 6th. Robert W. Baird set a $46.00 price target on shares of INC Research and gave the stock a “buy” rating in a research note on Thursday, November 16th. Jefferies Group reissued a “buy” rating and set a $55.00 price objective on shares of INC Research in a report on Friday, November 10th. Zacks Investment Research raised INC Research from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Wednesday, September 27th. Finally, SunTrust Banks cut their price objective on INC Research to $50.00 and set a “buy” rating for the company in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.56.
INC Research (NASDAQ:INCR) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.09). The company had revenue of $592.21 million for the quarter, compared to the consensus estimate of $604.95 million. INC Research had a negative net margin of 4.29% and a positive return on equity of 14.42%. The firm’s revenue was up 128.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share. equities research analysts anticipate that INC Research Holdings, Inc. will post 2.15 EPS for the current year.
TRADEMARK VIOLATION WARNING: This piece was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/21/sterling-capital-management-llc-acquires-1949-shares-of-inc-research-holdings-inc-incr.html.
INC Research 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.
Want to see what other hedge funds are holding INCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for INC Research Holdings, Inc. (NASDAQ:INCR).
Receive News & Ratings for INC Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for INC Research and related companies with MarketBeat.com's FREE daily email newsletter.