Public Employees Retirement System of Ohio decreased its holdings in Express Scripts Holding Company (NASDAQ:ESRX) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,872 shares of the company’s stock after selling 10,522 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of Express Scripts worth $25,320,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in ESRX. Dodge & Cox lifted its position in Express Scripts by 25.7% during the second quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock valued at $2,310,275,000 after buying an additional 7,388,021 shares during the period. Macquarie Group Ltd. lifted its position in Express Scripts by 8.4% during the second quarter. Macquarie Group Ltd. now owns 11,880,919 shares of the company’s stock valued at $758,480,000 after buying an additional 922,406 shares during the period. Northern Trust Corp lifted its position in Express Scripts by 12.2% during the second quarter. Northern Trust Corp now owns 11,068,777 shares of the company’s stock valued at $706,629,000 after buying an additional 1,206,980 shares during the period. Veritas Asset Management LLP lifted its position in Express Scripts by 5.6% during the third quarter. Veritas Asset Management LLP now owns 8,652,910 shares of the company’s stock valued at $547,902,000 after buying an additional 460,338 shares during the period. Finally, Nordea Investment Management AB lifted its position in Express Scripts by 2.6% during the third quarter. Nordea Investment Management AB now owns 7,304,973 shares of the company’s stock valued at $462,551,000 after buying an additional 188,528 shares during the period. 88.44% of the stock is owned by institutional investors.
In other Express Scripts news, CEO Timothy C. Wentworth acquired 8,000 shares of Express Scripts stock in a transaction that occurred on Tuesday, October 31st. The stock was bought at an average cost of $61.13 per share, for a total transaction of $489,040.00. Following the acquisition, the chief executive officer now owns 98,628 shares of the company’s stock, valued at $6,029,129.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Phyllis S. Anderson sold 643 shares of Express Scripts stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $62.37, for a total value of $40,103.91. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by company insiders.
Several equities analysts have commented on ESRX shares. Jefferies Group set a $72.00 price objective on Express Scripts and gave the company a “buy” rating in a research report on Tuesday, August 29th. Robert W. Baird raised Express Scripts from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $72.00 to $81.00 in a research report on Friday. Raymond James Financial reissued a “sell” rating on shares of Express Scripts in a research report on Friday. Mizuho set a $67.00 price objective on Express Scripts and gave the company a “hold” rating in a research report on Tuesday, October 24th. Finally, ValuEngine raised Express Scripts from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $74.40.
Express Scripts Holding Company (NASDAQ:ESRX) opened at $71.55 on Friday. Express Scripts Holding Company has a twelve month low of $55.80 and a twelve month high of $73.42. 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 firm has a market capitalization of $40,523.99, a price-to-earnings ratio of 10.46, a PEG ratio of 1.06 and a beta of 0.88.
Express Scripts (NASDAQ:ESRX) last released its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 EPS for the quarter, hitting the consensus estimate of $1.90. Express Scripts had a return on equity of 25.46% and a net margin of 3.64%. The company had revenue of $24.68 billion during the quarter, compared to the consensus estimate of $25.68 billion. During the same period last year, the company earned $1.74 EPS. Express Scripts’s revenue for the quarter was down 2.9% on a year-over-year basis. sell-side analysts anticipate that Express Scripts Holding Company will post 7.02 EPS for the current fiscal year.
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Express Scripts Company 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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