Bessemer Group Inc. acquired a new position in Icon Plc (NASDAQ:ICLR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,380 shares of the medical research company’s stock, valued at approximately $267,000.

A number of other large investors have also added to or reduced their stakes in ICLR. SG Americas Securities LLC purchased a new position in Icon in the third quarter worth $148,000. Advisor Partners LLC purchased a new position in Icon in the fourth quarter worth $201,000. Commonwealth Equity Services Inc purchased a new position in Icon in the third quarter worth $208,000. Holderness Investments Co. purchased a new position in Icon in the third quarter worth $216,000. Finally, Murphy Capital Management Inc. purchased a new position in Icon in the third quarter worth $239,000. Hedge funds and other institutional investors own 89.66% of the company’s stock.

Shares of Icon Plc (ICLR) opened at $109.36 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $5,910.00, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.51 and a beta of 0.48. Icon Plc has a 52 week low of $76.46 and a 52 week high of $124.48.

ICLR has been the subject of several research analyst reports. Zacks Investment Research cut Icon from a “buy” rating to a “hold” rating and set a $128.00 price target for the company. in a research report on Wednesday, January 3rd. SunTrust Banks restated a “buy” rating and issued a $133.00 price target on shares of Icon in a research report on Monday, January 22nd. KeyCorp restated an “overweight” rating and issued a $125.00 price target (up previously from $115.00) on shares of Icon in a research report on Monday, November 13th. They noted that the move was a valuation call. ValuEngine upgraded Icon from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Evercore ISI initiated coverage on Icon in a research report on Thursday, January 18th. They issued an “outperform” rating and a $126.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $124.55.

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Icon Profile

ICON public limited company is a contract research organization (CRO), which is engaged in providing outsourced development services to the pharmaceutical, biotechnology and medical device industries. The Company is engaged in the strategic development, management and analysis of programs that support the various stages of the clinical development process, from compound selection to Phase I-IV clinical studies.

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Institutional Ownership by Quarter for Icon (NASDAQ:ICLR)

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