Insider Selling: Express Scripts Holding Company CEO Sells 681,508 Shares of Stock (ESRX)
Express Scripts Holding Company (NASDAQ:ESRX) CEO George Paz unloaded 681,508 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $71.21, for a total value of $48,530,184.68. Following the sale, the chief executive officer now directly owns 788,253 shares of the company’s stock, valued at approximately $56,131,496. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
ESRX has been the subject of a number of recent research reports. Analysts at Leerink Swann raised their price target on shares of Express Scripts Holding Company from $80.00 to $85.00 in a research note on Wednesday, June 4th. They now have an “outperform” rating on the stock. Separately, analysts at Cowen and Company downgraded shares of Express Scripts Holding Company from an “outperform” rating to a “market perform” rating in a research note on Monday, June 2nd. They now have a $77.00 price target on the stock, down previously from $79.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Express Scripts Holding Company in a research note on Friday, May 23rd. They now have a $74.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $80.15.
Express Scripts Holding Company (NASDAQ:ESRX) traded down 1.26% during mid-day trading on Tuesday, hitting $69.85. The stock had a trading volume of 5,236,281 shares. Express Scripts Holding Company has a one year low of $59.20 and a one year high of $79.37. The stock’s 50-day moving average is $69.53 and its 200-day moving average is $72.12. The company has a market cap of $54.035 billion and a price-to-earnings ratio of 31.81. Express Scripts Holding Company also was the target of a significant increase in short interest in May. As of May 30th, there was short interest totalling 15,725,181 shares, an increase of 8.5% from the May 15th total of 14,489,826 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average trading volume of 4,976,581 shares, the short-interest ratio is presently 3.2 days.
Express Scripts Holding Company (NASDAQ:ESRX) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by $0.02. The company had revenue of $23.69 billion for the quarter, compared to the consensus estimate of $23.81 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. Analysts expect that Express Scripts Holding Company will post $4.87 EPS for the current fiscal year.
Express Scripts, Inc is a pharmacy benefit management (NASDAQ:ESRX) 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.
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