Pillar Pacific Capital Management LLC Acquires 1675 Shares of Incyte Corporation (INCY)

Paterniano Del Favero
Agosto 4, 2017

Mn Services Vermogensbeheer B.V. raised its stake in Incyte Corporation (NASDAQ:INCY) by 511.5% during the second quarter, according to its most recent filing with the SEC. Institutional investors and hedge funds own 92.33% of the company's stock.

Several other institutional investors have also recently modified their holdings of INCY. Tower Research Capital LLC TRC acquired a new position in Incyte Corporation during the first quarter worth $105,000. State Street Corp now owns 7,581,684 shares of the biopharmaceutical company's stock worth $1,013,437,000 after buying an additional 3,983,207 shares during the period. Vanguard Group Inc. now owns 15,415,857 shares of the biopharmaceutical company's stock worth $2,060,638,000 after buying an additional 2,847,907 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of Incyte Corporation by 23.9% in the first quarter. Teachers Advisors LLC increased its position in Incyte Corporation by 6.5% in the fourth quarter. FNY Partners Fund LP now owns 985 shares of the biopharmaceutical company's stock valued at $131,000 after buying an additional 965 shares in the last quarter.

The share price of Incyte Corporation (NASDAQ:INCY) was down -3.40% during the last trading session, with a day high of 134.94. The fund owned 10,500 shares of the biopharmaceutical company's stock after selling 300 shares during the period. Moreover, Bessemer Gru has 0% invested in Incyte Corporation (NASDAQ:INCY) for 47 shares. It has ranged in price between $124.095-$128.55 after having started the session at $128.5 as compared to the previous trading day's close of $128.76. Incyte Corp now has $25.61 billion valuation. Incyte Corporation has a 12-month low of $75.52 and a 12-month high of $153.15.

The stock's 50 day moving average is 130.23 and its 200 day moving average is 129.04.

In the last earnings report the EPS was $-0.56 and is expected to be $-0.74 for the current year with 204,774,000 shares presently outstanding. The company had revenue of $326.40 million for the quarter, compared to analyst estimates of $318.45 million. Incyte Corporation had a negative net margin of 8.72% and a negative return on equity of 20.09%. The firm's quarterly revenue was up 32.5% compared to the same quarter past year. During the same quarter in the prior year, the company posted $0.12 EPS. Equities research analysts expect that Incyte Corporation will post ($0.74) earnings per share for the current year.

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BMO Capital Markets reissued their buy rating on shares of Incyte Corporation (NASDAQ:INCY) in a research report sent to investors on Friday, July 21st. Raymond James Financial, Inc. lowered shares of Incyte Corporation from an "outperform" rating to a "hold" rating in a research report on Thursday, April 6th. They set a "buy" rating and a $185.00 price target for the company. (The) dropped their target price on shares of Incyte Corporation from $149.00 to $136.00 and set a buy rating for the company in a research report on Tuesday, April 18th. Zacks Investment Research upgraded shares of Incyte Corporation from a sell rating to a hold rating in a research note on Tuesday, May 23rd. October 5 investment analysts at Jefferies maintained a company rating of "Hold" and moved up the price target to $109.00 from $106.00. The company now has an average rating of "Buy" and a consensus target price of $140.39. 8,577 shares were sold by Huber Reid M, worth $1.02 million on Friday, May 5. Following the sale, the executive vice president now owns 19,356 shares in the company, valued at approximately $2,537,378.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. $4.41 million worth of Incyte Corporation (NASDAQ:INCY) shares were sold by Stein Steven H. Siegel Eric H. sold $227,009 worth of Incyte Corporation (NASDAQ:INCY) on Monday, May 1. The shares were sold at an average price of $124.73, for a total transaction of $227,008.60. Corporate insiders own 17.70% of the company's stock. The disclosure for this purchase can be found here. Insiders sold 51,940 shares of company stock worth $6,381,746 in the last quarter.

Incyte Corporation is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutics. The Business's portfolio includes compounds in various stages, ranging from preclinical to late-stage development, and commercialized products, such as JAKAFI (ruxolitinib) and ICLUSIG (ponatinib).

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