QS Investors LLC Cuts Position in Express Scripts Holding Company (ESRX)

QS Investors LLC reduced its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,648 shares of the company’s stock after selling 10,973 shares during the quarter. QS Investors LLC’s holdings in Express Scripts Holding were worth $9,681,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Waldron LP bought a new stake in shares of Express Scripts Holding in the 1st quarter valued at about $206,000. Mosaic Family Wealth LLC raised its holdings in shares of Express Scripts Holding by 20.1% in the 1st quarter. Mosaic Family Wealth LLC now owns 8,520 shares of the company’s stock valued at $562,000 after purchasing an additional 1,426 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Express Scripts Holding by 27.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,931 shares of the company’s stock valued at $2,961,000 after purchasing an additional 9,583 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Express Scripts Holding by 17.2% in the 1st quarter. Ameriprise Financial Inc. now owns 5,028,552 shares of the company’s stock valued at $331,430,000 after purchasing an additional 736,151 shares during the period. Finally, Toronto Dominion Bank raised its holdings in shares of Express Scripts Holding by 1.7% in the 1st quarter. Toronto Dominion Bank now owns 3,421,922 shares of the company’s stock valued at $225,513,000 after purchasing an additional 56,155 shares during the period. 88.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Express Scripts Holding Company (NASDAQ:ESRX) opened at 57.71 on Thursday. The firm has a 50-day moving average of $62.06 and a 200-day moving average of $62.53. The firm has a market capitalization of $33.33 billion, a PE ratio of 10.02 and a beta of 0.88. Express Scripts Holding Company has a 12-month low of $57.56 and a 12-month high of $77.50.

Express Scripts Holding (NASDAQ:ESRX) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.02. Express Scripts Holding had a net margin of 3.50% and a return on equity of 25.58%. The business had revenue of $25.35 billion during the quarter, compared to analyst estimates of $25.52 billion. During the same period in the prior year, the business earned $1.57 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts anticipate that Express Scripts Holding Company will post $6.99 earnings per share for the current year.

In related news, VP Everett Neville sold 1,163 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total transaction of $71,501.24. Following the sale, the vice president now directly owns 18,232 shares of the company’s stock, valued at approximately $1,120,903.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $63.93, for a total transaction of $249,327.00. Following 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 a total of 5,641 shares of company stock valued at $357,317 over the last 90 days. Company insiders own 0.68% of the company’s stock.

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A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $56.00 target price on shares of Express Scripts Holding in a report on Friday, September 1st. Morgan Stanley upped their price target on shares of Express Scripts Holding from $52.00 to $57.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Needham & Company LLC initiated coverage on shares of Express Scripts Holding in a research note on Friday, July 21st. They issued a “hold” rating on the stock. ValuEngine lowered shares of Express Scripts Holding from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Express Scripts Holding in a research note on Monday. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $69.45.

Express Scripts Holding 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).

Institutional Ownership by Quarter for Express Scripts Holding (NASDAQ:ESRX)

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