Cornerstone Capital Management Holdings LLC. lifted its position in shares of Express Scripts Holding (NASDAQ:ESRX) by 50.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 335,994 shares of the company’s stock after buying an additional 112,586 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.06% of Express Scripts worth $25,077,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in ESRX. OLD Mission Capital LLC purchased a new position in Express Scripts during the fourth quarter worth approximately $416,000. TIAA CREF Investment Management LLC raised its stake in Express Scripts by 2.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 3,165,637 shares of the company’s stock worth $236,283,000 after purchasing an additional 71,617 shares during the period. Teachers Advisors LLC raised its stake in Express Scripts by 2.5% during the fourth quarter. Teachers Advisors LLC now owns 1,152,185 shares of the company’s stock worth $85,999,000 after purchasing an additional 27,864 shares during the period. Captrust Financial Advisors purchased a new position in Express Scripts during the fourth quarter worth approximately $1,396,000. Finally, Paloma Partners Management Co raised its stake in Express Scripts by 37.5% during the fourth quarter. Paloma Partners Management Co now owns 54,493 shares of the company’s stock worth $4,068,000 after purchasing an additional 14,856 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of Express Scripts from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. SunTrust Banks set a $82.00 price target on shares of Express Scripts and gave the stock a “buy” rating in a research note on Thursday, December 14th. Jefferies Group downgraded shares of Express Scripts from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research note on Thursday, March 8th. Maxim Group increased their price target on shares of Express Scripts from $87.00 to $101.00 in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada set a $68.00 price target on shares of Express Scripts and gave the stock a “hold” rating in a research note on Friday, December 15th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $81.97.
Shares of Express Scripts Holding (NASDAQ ESRX) opened at $77.00 on Wednesday. Express Scripts Holding has a 52-week low of $55.80 and a 52-week high of $85.07. The stock has a market cap of $43,916.79, a price-to-earnings ratio of 9.83, a PEG ratio of 0.96 and a beta of 0.94. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.83.
Express Scripts (NASDAQ:ESRX) last released its quarterly earnings data on Tuesday, February 27th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.07. Express Scripts had a net margin of 4.51% and a return on equity of 25.19%. The company had revenue of $25.38 billion during the quarter, compared to analyst estimates of $25.07 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. research analysts forecast that Express Scripts Holding will post 9.35 EPS for the current fiscal year.
Express Scripts announced that its board has authorized a share buyback plan on Monday, December 18th that permits the company to buyback 45,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
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Express Scripts 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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