Financial Architects Inc Sells 4,370 Shares of Express Scripts Holding Co (ESRX)

Financial Architects Inc reduced its stake in Express Scripts Holding Co (NASDAQ:ESRX) by 69.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,957 shares of the company’s stock after selling 4,370 shares during the period. Financial Architects Inc’s holdings in Express Scripts were worth $186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Express Scripts by 1.5% during the second quarter. BlackRock Inc. now owns 35,424,185 shares of the company’s stock valued at $2,735,103,000 after purchasing an additional 538,578 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Express Scripts by 0.4% during the second quarter. Northern Trust Corp now owns 10,205,190 shares of the company’s stock valued at $787,943,000 after purchasing an additional 40,656 shares in the last quarter. Abrams Capital Management L.P. bought a new position in shares of Express Scripts during the second quarter valued at $204,846,000. American Century Companies Inc. lifted its holdings in shares of Express Scripts by 18.9% during the second quarter. American Century Companies Inc. now owns 2,492,801 shares of the company’s stock valued at $192,469,000 after purchasing an additional 395,723 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Express Scripts by 6.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,024,126 shares of the company’s stock valued at $156,283,000 after purchasing an additional 120,214 shares in the last quarter. 84.74% of the stock is currently owned by hedge funds and other institutional investors.

ESRX stock opened at $94.87 on Tuesday. Express Scripts Holding Co has a fifty-two week low of $59.17 and a fifty-two week high of $97.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.71. The stock has a market capitalization of $53.00 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.19 and a beta of 1.01.

Express Scripts (NASDAQ:ESRX) last posted its earnings results on Wednesday, August 1st. The company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.02. Express Scripts had a return on equity of 25.49% and a net margin of 4.65%. The company had revenue of $25.64 billion for the quarter, compared to the consensus estimate of $25.43 billion. During the same quarter in the prior year, the company earned $1.73 earnings per share. Express Scripts’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts predict that Express Scripts Holding Co will post 9.07 earnings per share for the current year.

In other Express Scripts news, insider Christine Houston sold 12,898 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $85.00, for a total value of $1,096,330.00. Following the transaction, the insider now owns 110,908 shares of the company’s stock, valued at $9,427,180. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on ESRX. BidaskClub raised Express Scripts from a “buy” rating to a “strong-buy” rating in a report on Friday, October 12th. Credit Suisse Group downgraded Express Scripts from an “outperform” rating to a “neutral” rating and upped their price target for the company from $90.00 to $96.50 in a report on Tuesday, September 18th. ValuEngine raised Express Scripts from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Royal Bank of Canada upped their price target on Express Scripts to $94.00 and gave the company an “outperform” rating in a report on Monday, August 27th. Finally, William Blair raised Express Scripts from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Express Scripts currently has a consensus rating of “Hold” and a consensus price target of $86.36.

Express Scripts Company Profile

Express Scripts Holding Company operates as a pharmacy benefit management (PBM) company in the United States and Canada. The company's PBM segment offers clinical solutions; and specialized pharmacy care, home delivery and specialty pharmacy, retail network pharmacy administration, benefit design consultation, drug utilization review, drug formulary management, public exchange, administration of group purchasing organization, and digital consumer health and drug information services.

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

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