National Planning Corp increased its position in Express Scripts Holding Company (NASDAQ:ESRX) by 14.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,637 shares of the company’s stock after acquiring an additional 946 shares during the period. National Planning Corp’s holdings in Express Scripts were worth $486,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sompo Japan Nipponkoa Asset Management CO. LTD. purchased a new position in Express Scripts during the third quarter valued at $10,962,000. Stifel Financial Corp lifted its position in Express Scripts by 3,089.1% during the third quarter. Stifel Financial Corp now owns 543,588 shares of the company’s stock valued at $34,402,000 after purchasing an additional 526,543 shares in the last quarter. Pinebridge Investments L.P. lifted its position in Express Scripts by 123.8% during the third quarter. Pinebridge Investments L.P. now owns 131,308 shares of the company’s stock valued at $8,315,000 after purchasing an additional 72,629 shares in the last quarter. OxFORD Asset Management LLP lifted its position in Express Scripts by 34.7% during the third quarter. OxFORD Asset Management LLP now owns 259,628 shares of the company’s stock valued at $16,375,000 after purchasing an additional 66,947 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in Express Scripts by 2.6% during the third quarter. Artisan Partners Limited Partnership now owns 677,200 shares of the company’s stock valued at $42,880,000 after purchasing an additional 17,381 shares in the last quarter. 88.44% of the stock is owned by institutional investors.
In other news, VP Phyllis S. Anderson sold 578 shares of Express Scripts stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $63.13, for a total value of $36,489.14. Following the sale, the vice president now directly owns 10,530 shares of the company’s stock, valued at $664,758.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of Express Scripts stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $63.93, for a total value of $249,327.00. Following the completion of the sale, the director now directly owns 11,500 shares in the company, valued at $735,195. The disclosure for this sale can be found here. Insiders sold 5,121 shares of company stock worth $325,920 over the last ninety days. Insiders own 0.68% of the company’s stock.
Express Scripts (NASDAQ:ESRX) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.90. Express Scripts had a return on equity of 25.46% and a net margin of 3.64%. The business had revenue of $24.68 billion for the quarter, compared to the consensus estimate of $25.68 billion. During the same period in the previous year, the business earned $1.74 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. sell-side analysts predict that Express Scripts Holding Company will post 7.01 EPS for the current fiscal year.
Several equities analysts recently weighed in on the company. Deutsche Bank assumed coverage on Express Scripts in a research report on Monday. They set a “buy” rating and a $75.00 target price on the stock. ValuEngine upgraded Express Scripts from a “hold” rating to a “buy” rating in a research report on Monday. Mizuho set a $67.00 target price on Express Scripts and gave the company a “hold” rating in a research report on Tuesday, October 24th. Robert W. Baird restated a “hold” rating and issued a $56.00 price objective on shares of Express Scripts in a research report on Friday, September 1st. Finally, Morgan Stanley boosted their price objective on Express Scripts from $52.00 to $57.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $70.67.
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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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