Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new position in Express Scripts Holding Company (NASDAQ:ESRX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 173,117 shares of the company’s stock, valued at approximately $10,962,000. Express Scripts comprises approximately 1.7% of Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings, making the stock its 22nd largest holding.
A number of other institutional investors have also recently modified their holdings of ESRX. Dodge & Cox raised its holdings in Express Scripts by 25.7% in the second quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock worth $2,310,275,000 after buying an additional 7,388,021 shares during the last quarter. Pzena Investment Management LLC bought a new stake in shares of Express Scripts in the second quarter worth approximately $181,234,000. Baupost Group LLC MA bought a new stake in shares of Express Scripts in the first quarter worth approximately $80,978,000. Northern Trust Corp grew its stake in shares of Express Scripts by 12.2% in the second quarter. Northern Trust Corp now owns 11,068,777 shares of the company’s stock worth $706,629,000 after acquiring an additional 1,206,980 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Express Scripts by 23.5% in the third quarter. Ameriprise Financial Inc. now owns 5,233,327 shares of the company’s stock worth $331,374,000 after acquiring an additional 996,816 shares during the period. 88.44% of the stock is owned by institutional investors and hedge funds.
ESRX has been the subject of a number of research analyst reports. Jefferies Group set a $72.00 price target on shares of Express Scripts and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Mizuho set a $67.00 price target on shares of Express Scripts and gave the stock a “hold” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada initiated coverage on shares of Express Scripts in a research note on Tuesday, September 19th. They issued a “sector perform” rating and a $68.00 price target for the company. UBS lowered shares of Express Scripts from a “market perform” rating to an “underperform” rating in a research note on Monday, October 9th. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Express Scripts in a research note on Monday, October 9th. Six 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 assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.34.
Shares of Express Scripts Holding Company (ESRX) opened at $64.41 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock has a market cap of $36,480.09, a P/E ratio of 9.42, a P/E/G ratio of 0.95 and a beta of 0.88. Express Scripts Holding Company has a 12-month low of $55.80 and a 12-month high of $77.25.
Express Scripts (NASDAQ:ESRX) last announced its earnings results on Tuesday, October 24th. The company reported $1.90 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.90. The company had revenue of $24.68 billion during the quarter, compared to analyst estimates of $25.68 billion. Express Scripts had a net margin of 3.64% and a return on equity of 25.46%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.74 earnings per share. equities analysts predict that Express Scripts Holding Company will post 7.01 EPS for the current fiscal year.
About Express Scripts
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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