Icon Plc (NASDAQ: ICLR) is 13.16% higher on its value in year-to-date trading and has touched a low of $221.20 and a high of $347.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ICLR stock was last observed hovering at around $323.13 in the last trading session, with the day’s loss setting it -2.81%.
Currently trading at $320.32, the stock is 0.25% and -0.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing -0.87% at the moment leaves the stock 6.27% off its SMA200. ICLR registered 28.04% gain for a year compared to 6-month gain of 2.22%.
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The stock witnessed a -3.45% loss in the last 1 month and extending the period to 3 months gives it a 1.07%, and is -0.38% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.67% over the week and 3.23% over the month.
Icon Plc (ICLR) has around 41100 employees, a market worth around $26.53B and $8.33B in sales. Current P/E ratio is 37.29 and Fwd P/E is 18.53. Profit margin for the company is 8.57%. Distance from 52-week low is 44.81% and -7.88% from its 52-week high. The company has generated returns on investments over the last 12 months (5.44%).
The EPS is expected to grow by 18.03% this year
The shares outstanding are 82.50M, and float is at 82.05M with Short Float at 2.01%.
The top institutional shareholder in the company is WCM INVESTMENT MANAGEMENT, LLC with over 6.67 million shares valued at $2.09 billion. The investor’s holdings represent 8.0813 of the ICLR Shares outstanding. As of 2024-06-30, the second largest holder is MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with 5.0 million shares valued at $1.57 billion to account for 6.059 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 2.76 million shares representing 3.3418 and valued at over $865.06 million, while NINETY ONE UK LTD holds 3.2434 of the shares totaling 2.68 million with a market value of $839.58 million.
Icon Plc (ICLR) Insider Activity
Still, SEC filings show that on Jul 29 ’24, THOMAS NOEL O’ LEARY (Officer) Proposed Sale 6,360 shares at an average price of $324.32 for $2.06 million. The insider now directly holds shares of Icon Plc (ICLR).
