Public Employees Retirement Association of Colorado decreased its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 8.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,417 shares of the company’s stock after selling 9,866 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Express Scripts Holding were worth $6,612,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in ESRX. Sandy Spring Bank lifted its holdings in shares of Express Scripts Holding by 24.7% in the 1st quarter. Sandy Spring Bank now owns 6,427 shares of the company’s stock worth $423,000 after purchasing an additional 1,271 shares during the last quarter. Leisure Capital Management raised its stake in Express Scripts Holding by 1.0% during the 1st quarter. Leisure Capital Management now owns 17,397 shares of the company’s stock valued at $1,147,000 after acquiring an additional 179 shares in the last quarter. ProVise Management Group LLC raised its stake in Express Scripts Holding by 8.9% during the 1st quarter. ProVise Management Group LLC now owns 35,867 shares of the company’s stock valued at $2,365,000 after acquiring an additional 2,940 shares in the last quarter. Cibc World Markets Corp raised its stake in Express Scripts Holding by 478.1% during the 1st quarter. Cibc World Markets Corp now owns 244,424 shares of the company’s stock valued at $16,110,000 after acquiring an additional 202,143 shares in the last quarter. Finally, Vident Investment Advisory LLC raised its stake in Express Scripts Holding by 20.2% during the 1st quarter. Vident Investment Advisory LLC now owns 37,163 shares of the company’s stock valued at $2,449,000 after acquiring an additional 6,236 shares in the last quarter. 88.55% of the stock is currently owned by institutional investors and hedge funds.
ESRX has been the topic of several recent analyst reports. BidaskClub downgraded Express Scripts Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Needham & Company LLC initiated coverage on Express Scripts Holding in a research note on Friday, July 21st. They set a “hold” rating on the stock. Morgan Stanley lifted their target price on Express Scripts Holding from $52.00 to $57.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Jefferies Group LLC set a $72.00 target price on Express Scripts Holding and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $56.00 target price on shares of Express Scripts Holding in a research note on Friday, September 1st. Seven equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $69.53.
In other news, Director Woodrow A. Myers, Jr. sold 3,900 shares of Express Scripts Holding stock in a transaction on Monday, September 11th. The stock was sold at an average price of $63.93, for a total transaction of $249,327.00. Following the transaction, the director now owns 11,500 shares in the company, valued at $735,195. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy C. Wentworth purchased 8,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were acquired at an average price of $61.13 per share, for a total transaction of $489,040.00. Following the acquisition, the chief executive officer now directly owns 98,628 shares of the company’s stock, valued at approximately $6,029,129.64. The disclosure for this purchase can be found here. Insiders sold a total of 6,284 shares of company stock worth $397,421 over the last 90 days. Insiders own 0.68% of the company’s stock.
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Express Scripts Holding Company (NASDAQ ESRX) opened at $60.54 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $34,288.22, a price-to-earnings ratio of 8.85, a P/E/G ratio of 0.89 and a beta of 0.88. Express Scripts Holding Company has a 1-year low of $55.80 and a 1-year high of $77.50.
Express Scripts Holding (NASDAQ:ESRX) last issued its earnings results on Tuesday, October 24th. The company reported $1.90 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.90. The business had revenue of $24.68 billion for the quarter, compared to analysts’ expectations of $25.68 billion. Express Scripts Holding had a return on equity of 25.46% and a net margin of 3.64%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 EPS. analysts anticipate that Express Scripts Holding Company will post 7.01 earnings per share for the current fiscal year.
Express Scripts Holding Profile
Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).
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