<div id="readability-page-1"><div id="articlecontent"> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/incyte-co-logo-1200x675.png/query-dj0yMDI0MDEwMjE2MjQxMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/incyte-co-logo-1200x675.png/query-dj0yMDI0MDEwMjE2MjQxMA"/>Mackenzie Financial Corp raised its holdings in Incyte Co. (NASDAQ:INCY - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 373,789 shares of the biopharmaceutical company's stock after purchasing an additional 45,578 shares during the quarter. Mackenzie Financial Corp owned approximately 0.17% of Incyte worth $23,470,000 as of its most recent SEC filing.</p><ul><li>5 top healthcare stocks for earnings growth in 2024</li></ul><p>Other institutional investors have also recently bought and sold shares of the company. Clear Street Markets LLC raised its position in shares of Incyte by 93.6% during the first quarter. Clear Street Markets LLC now owns 362 shares of the biopharmaceutical company's stock worth $26,000 after acquiring an additional 175 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Incyte during the fourth quarter worth $31,000. Parkside Financial Bank &amp; Trust grew its stake in shares of Incyte by 91.0% during the first quarter. Parkside Financial Bank &amp; Trust now owns 447 shares of the biopharmaceutical company's stock worth $36,000 after purchasing an additional 213 shares during the period. Allworth Financial LP grew its stake in shares of Incyte by 40.0% during the fourth quarter. Allworth Financial LP now owns 802 shares of the biopharmaceutical company's stock worth $50,000 after purchasing an additional 229 shares during the period. Finally, Salem Investment Counselors Inc. grew its stake in shares of Incyte by 1,458.0% during the second quarter. Salem Investment Counselors Inc. now owns 779 shares of the biopharmaceutical company's stock worth $59,000 after purchasing an additional 729 shares during the period. Institutional investors own 96.97% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><div><div><p><span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03MDk0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03MDk0"/></span></p><div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2076push_Blockchain_01_720x480.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="200" height="200" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2076push_Blockchain_01_720x480.jpg"/></p></div><div><p><b>Ad </b> Crypto Swap Profits</p><p>Claim Your Complimentary Bitcoin Reward</p><p>Many have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.</p><p>Secure Your Spot Now</p></div></div></div><p>A number of equities research analysts recently commented on INCY shares. Bank of America decreased their price objective on Incyte from $69.00 to $67.00 and set a &#34;neutral&#34; rating for the company in a research note on Wednesday, March 13th. JMP Securities cut Incyte from an &#34;outperform&#34; rating to a &#34;market perform&#34; rating in a research note on Wednesday, February 14th. Truist Financial decreased their price objective on Incyte from $91.00 to $84.00 and set a &#34;buy&#34; rating for the company in a research note on Wednesday, February 14th. William Blair reaffirmed an &#34;outperform&#34; rating on shares of Incyte in a research note on Tuesday, February 6th. Finally, Jefferies Financial Group began coverage on Incyte in a research note on Friday, February 23rd. They issued a &#34;buy&#34; rating and a $81.00 target price for the company. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $76.07.</p><ul><li>Argenx's 28% Surge &amp; Promising Product Propel Investor Confidence</li></ul><p><b>Get Our Latest Report on INCY</b></p><h2>Incyte Stock Down 0.9 %</h2><p>INCY stock opened at $52.72 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.55 and a quick ratio of 3.36. The stock has a market capitalization of $11.84 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.23 and a beta of 0.65. The business has a 50-day moving average of $57.65 and a 200-day moving average of $57.99. Incyte Co. has a fifty-two week low of $50.27 and a fifty-two week high of $75.74. </p><ul><li>3 S&amp;P 500 Laggards Ready to Run</li></ul><p>Incyte (NASDAQ:INCY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The biopharmaceutical company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.09). Incyte had a return on equity of 12.56% and a net margin of 16.17%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The firm's quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Incyte Co. will post 3.84 earnings per share for the current fiscal year. </p><h2>Incyte Profile</h2><p> (Free Report)</p><p>Incyte Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of therapeutics for hematology/oncology, and inflammation and autoimmunity areas in the United States and internationally. The company offers JAKAFI (ruxolitinib) for treatment of intermediate or high-risk myelofibrosis, polycythemia vera, and steroid-refractory acute graft-versus-host disease; MONJUVI (tafasitamab-cxix)/MINJUVI (tafasitamab) for relapsed or refractory diffuse large B-cell lymphoma; PEMAZYRE (pemigatinib), a fibroblast growth factor receptor kinase inhibitor that act as oncogenic drivers in liquid and solid tumor types; ICLUSIG (ponatinib) to treat chronic myeloid leukemia and Philadelphia-chromosome positive acute lymphoblastic leukemia; and ZYNYZ (retifanlimab-dlwr) to treat adults with metastatic or recurrent locally advanced Merkel cell carcinoma, as well as OPZELURA cream for treatment of atopic dermatitis.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Incyte</li><li>What is an Earnings Surprise? </li><li>United Airlines Soars on Earnings Beat</li><li>Investing In Preferred Stock vs. Common Stock</li><li>J.B. Hunt Hits the Skids: Lower Prices to Come</li><li>What Does a Stock Split Mean? </li><li>Predicting a Bear Market: 7 Signs and Why it's Tough to Do</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SU5DWQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SU5DWQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Claim Your Complimentary Bitcoin Reward <span><span><span>(From Crypto Swap Profits)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03MDk0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03MDk0"/></span></p><h2>Should you invest $1,000 in Incyte right now?</h2><p>Before you consider Incyte, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Incyte wasn't on the list.</p><p>While Incyte currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here </p><div><div><div><p><img height="209" width="170" src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20230626150448_reportpreview2023-06-7-energy-stocks-cover.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20230626150448_reportpreview2023-06-7-energy-stocks-cover.png"/></p></div><div><div><p>7 Energy Stocks to Buy and Hold Forever</p><p>Do you expect the global demand for energy to shrink?! 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INCY

NDAQ

<p>Mackenzie Financial Corp increased its holdings in Incyte Co. by 13.9% in the 4th quarter, according to its recent 13F filing with the SEC. Other institutional investors have also bought and sold shares of the company. Incyte's stock currently has an average rating of "Moderate Buy" and a consensus target price of $76.07. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate. Incyte is a biopharmaceutical company focused on hematology/oncology therapeutics.</p>

Mackenzie Financial Corp Acquires 45,578 Shares of Incyte Co. (NASDAQ:INCY)