1ST Source Bank Has $653,000 Position in Express Scripts Holding Company (ESRX)
1ST Source Bank cut its stake in shares of Express Scripts Holding Company (NASDAQ:ESRX) by 15.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,229 shares of the company’s stock after selling 1,884 shares during the period. 1ST Source Bank’s holdings in Express Scripts Holding were worth $653,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Dubuque Bank & Trust Co. boosted its position in shares of Express Scripts Holding by 53.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,753 shares of the company’s stock valued at $116,000 after buying an additional 608 shares during the period. TrimTabs Asset Management LLC acquired a new position in Express Scripts Holding during the first quarter worth $121,000. Capital Analysts LLC boosted its position in Express Scripts Holding by 5.6% in the first quarter. Capital Analysts LLC now owns 1,877 shares of the company’s stock worth $124,000 after buying an additional 100 shares during the last quarter. IHT Wealth Management LLC boosted its position in Express Scripts Holding by 8.1% in the first quarter. IHT Wealth Management LLC now owns 1,944 shares of the company’s stock worth $128,000 after buying an additional 145 shares during the last quarter. Finally, FNY Partners Fund LP acquired a new position in Express Scripts Holding during the first quarter worth $138,000. 90.24% of the stock is owned by institutional investors and hedge funds.
Shares of Express Scripts Holding Company (NASDAQ:ESRX) opened at 61.73 on Wednesday. Express Scripts Holding Company has a 1-year low of $57.80 and a 1-year high of $77.61. The stock has a market capitalization of $35.65 billion, a price-to-earnings ratio of 10.71 and a beta of 0.90. The firm’s 50-day moving average price is $62.51 and its 200 day moving average price is $64.30.
Express Scripts Holding (NASDAQ:ESRX) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $25.35 billion during the quarter, compared to the consensus estimate of $25.52 billion. During the same period last year, the firm earned $1.57 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Equities research analysts expect that Express Scripts Holding Company will post $6.99 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the company. UBS AG set a $71.00 price target on Express Scripts Holding and gave the stock a “hold” rating in a report on Tuesday, April 25th. BidaskClub cut Express Scripts Holding from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Morgan Stanley upped their price target on Express Scripts Holding from $52.00 to $57.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. Cowen and Company reaffirmed an “outperform” rating and issued a $83.00 price target on shares of Express Scripts Holding in a report on Friday, June 9th. Finally, Evercore ISI reduced their price target on Express Scripts Holding from $68.50 to $59.00 and set an “in-line” rating for the company in a report on Wednesday, April 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $71.17.
In other news, VP Phyllis S. Anderson sold 1,100 shares of Express Scripts Holding stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $60.08, for a total transaction of $66,088.00. Following the completion of the sale, the vice president now directly owns 11,108 shares in the company, valued at approximately $667,368.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.68% of the stock is currently owned by company insiders.
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).
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