Bowling Portfolio Management LLC lifted its position in shares of Express Scripts Holding (NASDAQ:ESRX) by 10.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 62,654 shares of the company’s stock after acquiring an additional 5,967 shares during the period. Bowling Portfolio Management LLC’s holdings in Express Scripts were worth $4,676,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in ESRX. Bank of Nova Scotia Trust Co. bought a new position in Express Scripts in the 3rd quarter valued at about $120,000. Monroe Bank & Trust MI grew its position in Express Scripts by 74.8% in the 3rd quarter. Monroe Bank & Trust MI now owns 2,266 shares of the company’s stock valued at $156,000 after buying an additional 970 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. grew its position in Express Scripts by 49.3% in the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 2,797 shares of the company’s stock valued at $179,000 after buying an additional 924 shares in the last quarter. Nelson Roberts Investment Advisors LLC bought a new position in Express Scripts in the 3rd quarter valued at about $193,000. Finally, Diamond Hill Capital Management Inc. bought a new position in Express Scripts in the 3rd quarter valued at about $206,000. Hedge funds and other institutional investors own 88.24% of the company’s stock.
In other Express Scripts news, VP Christine Houston sold 10,104 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $70.08, for a total transaction of $708,088.32. Following the completion of the sale, the vice president now directly owns 87,400 shares of the company’s stock, valued at $6,124,992. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Glen D. Stettin sold 3,449 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $81.00, for a total transaction of $279,369.00. Following the sale, the vice president now directly owns 33,715 shares of the company’s stock, valued at $2,730,915. The disclosure for this sale can be found here. Insiders have sold 17,644 shares of company stock valued at $1,289,609 over the last ninety days. Insiders own 0.68% of the company’s stock.
Express Scripts (NASDAQ:ESRX) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 EPS for the quarter, meeting analysts’ consensus estimates of $1.90. Express Scripts had a net margin of 3.64% and a return on equity of 25.46%. The company had revenue of $24.68 billion during the quarter, compared to analyst estimates of $25.68 billion. During the same period in the prior year, the firm earned $1.74 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis. analysts forecast that Express Scripts Holding will post 7.04 EPS for the current year.
Express Scripts declared that its board has approved a share repurchase program on Monday, December 18th that permits the company to repurchase 45,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
ESRX has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Express Scripts from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. UBS Group lowered shares of Express Scripts from a “market perform” rating to an “underperform” rating in a research report on Monday, October 9th. Raymond James Financial reiterated an “underperform” rating on shares of Express Scripts in a research report on Monday, October 9th. Zacks Investment Research upgraded shares of Express Scripts from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Monday, October 16th. Finally, Mizuho set a $67.00 target price on shares of Express Scripts and gave the company a “hold” rating in a research report on Tuesday, October 24th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Express Scripts has an average rating of “Hold” and an average price target of $77.09.
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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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