1,699,550 Shares in INC Research Holdings, Inc. (INCR) Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC purchased a new stake in shares of INC Research Holdings, Inc. (NASDAQ:INCR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,699,550 shares of the company’s stock, valued at approximately $99,424,000. Janus Henderson Group PLC owned approximately 3.14% of INC Research Holdings at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Shelton Capital Management purchased a new stake in shares of INC Research Holdings during the 2nd quarter valued at approximately $247,000. Samlyn Capital LLC lifted its stake in shares of INC Research Holdings by 31.5% during the 2nd quarter. Samlyn Capital LLC now owns 1,021,406 shares of the company’s stock valued at $59,752,000 after buying an additional 244,457 shares in the last quarter. AHL Partners LLP lifted its stake in shares of INC Research Holdings by 90.9% during the 2nd quarter. AHL Partners LLP now owns 48,034 shares of the company’s stock valued at $2,810,000 after buying an additional 22,874 shares in the last quarter. PDT Partners LLC lifted its stake in shares of INC Research Holdings by 55.7% during the 2nd quarter. PDT Partners LLC now owns 192,900 shares of the company’s stock valued at $11,285,000 after buying an additional 69,008 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of INC Research Holdings during the 2nd quarter valued at approximately $725,000. Institutional investors own 54.56% of the company’s stock.

INCR has been the topic of a number of recent research reports. Jefferies Group LLC restated a “buy” rating and set a $62.00 price target on shares of INC Research Holdings in a research note on Friday, June 16th. Zacks Investment Research upgraded shares of INC Research Holdings from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, September 27th. Robert W. Baird restated a “buy” rating and set a $67.00 price target on shares of INC Research Holdings in a research note on Monday. BidaskClub cut shares of INC Research Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $65.00 price target on shares of INC Research Holdings in a research note on Monday, August 7th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. INC Research Holdings presently has a consensus rating of “Buy” and a consensus price target of $63.75.

Shares of INC Research Holdings, Inc. (INCR) opened at 54.95 on Wednesday. INC Research Holdings, Inc. has a 12-month low of $40.65 and a 12-month high of $61.10. The company’s 50-day moving average is $54.89 and its 200-day moving average is $53.53. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 33.67 and a beta of 1.34.

INC Research Holdings (NASDAQ:INCR) last released its earnings results on Thursday, July 27th. The company reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. INC Research Holdings had a net margin of 5.69% and a return on equity of 40.69%. The firm had revenue of $258.10 million for the quarter, compared to the consensus estimate of $256.76 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. Equities research analysts predict that INC Research Holdings, Inc. will post $2.62 earnings per share for the current year.

In other news, CEO Alistair Macdonald sold 8,828 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $55.65, for a total value of $491,278.20. Following the transaction, the chief executive officer now owns 110,629 shares of the company’s stock, valued at $6,156,503.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory S. Rush sold 88,739 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $58.99, for a total transaction of $5,234,713.61. Following the completion of the transaction, the chief financial officer now directly owns 149,301 shares in the company, valued at approximately $8,807,265.99. The disclosure for this sale can be found here. Insiders sold 198,321 shares of company stock worth $11,550,792 in the last three months. Insiders own 0.24% of the company’s stock.

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About INC Research Holdings

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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