Insider Selling: Express Scripts Holding Company (ESRX) VP Sells 643 Shares of Stock
Express Scripts Holding Company (NASDAQ:ESRX) VP Phyllis S. Anderson sold 643 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $62.37, for a total value of $40,103.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Express Scripts Holding Company (ESRX) traded down $1.78 on Friday, reaching $60.54. The company had a trading volume of 2,580,917 shares, compared to its average volume of 5,011,828. The firm has a market cap of $34.16 billion, a P/E ratio of 8.82 and a beta of 0.88.
Express Scripts Holding (NASDAQ:ESRX) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 earnings per share for the quarter, hitting the consensus estimate of $1.90. The firm had revenue of $24.68 billion for the quarter, compared to analysts’ expectations of $25.68 billion. Express Scripts Holding had a return on equity of 25.46% and a net margin of 3.64%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 EPS. research analysts expect that Express Scripts Holding Company will post 7.01 earnings per share for the current fiscal year.
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Several equities analysts recently issued reports on the company. Robert W. Baird reiterated a “hold” rating and issued a $56.00 price objective on shares of Express Scripts Holding in a research report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating on shares of Express Scripts Holding in a research report on Thursday, October 26th. Zacks Investment Research upgraded Express Scripts Holding from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Monday, October 16th. Morgan Stanley boosted their price objective on Express Scripts Holding from $52.00 to $57.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. Finally, Needham & Company LLC began coverage on Express Scripts Holding in a research report on Friday, July 21st. They set a “hold” rating for the company. Seven investment 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 stock. The company currently has a consensus rating of “Hold” and an average target price of $69.56.
Hedge funds have recently bought and sold shares of the business. Burt Wealth Advisors increased its position in Express Scripts Holding by 11.4% during the 2nd quarter. Burt Wealth Advisors now owns 1,696 shares of the company’s stock worth $108,000 after buying an additional 174 shares during the period. CKW Financial Group increased its position in Express Scripts Holding by 20.0% during the 2nd quarter. CKW Financial Group now owns 1,800 shares of the company’s stock worth $115,000 after buying an additional 300 shares during the period. IHT Wealth Management LLC increased its position in Express Scripts Holding by 8.1% during the 1st 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 period. First Personal Financial Services increased its position in Express Scripts Holding by 199.1% during the 2nd quarter. First Personal Financial Services now owns 2,103 shares of the company’s stock worth $134,000 after buying an additional 1,400 shares during the period. Finally, FNY Partners Fund LP bought a new position in Express Scripts Holding during the 1st quarter worth $138,000. Hedge funds and other institutional investors own 88.55% of the company’s stock.
About Express Scripts Holding
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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