TIAA CREF Investment Management LLC increased its holdings in Express Scripts Holding (NASDAQ:ESRX) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,165,637 shares of the company’s stock after buying an additional 71,617 shares during the period. TIAA CREF Investment Management LLC owned about 0.56% of Express Scripts worth $236,283,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ESRX. SeaCrest Wealth Management LLC purchased a new position in Express Scripts in the 4th quarter valued at about $105,000. Bank of Nova Scotia Trust Co. purchased a new position in Express Scripts in the 3rd quarter valued at about $120,000. Aevitas Wealth Management Inc. purchased a new position in Express Scripts in the 4th quarter valued at about $128,000. Financial Gravity Companies Inc. purchased a new position in Express Scripts in the 4th quarter valued at about $142,000. Finally, Monroe Bank & Trust MI lifted its holdings in Express Scripts by 74.8% in the 3rd quarter. Monroe Bank & Trust MI now owns 2,266 shares of the company’s stock valued at $156,000 after purchasing an additional 970 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.
A number of research firms have issued reports on ESRX. BidaskClub lowered shares of Express Scripts from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. SunTrust Banks set a $82.00 target price on shares of Express Scripts and gave the company a “buy” rating in a report on Thursday, December 14th. Jefferies Group lowered shares of Express Scripts from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a report on Thursday, March 8th. Maxim Group upped their target price on shares of Express Scripts from $87.00 to $101.00 in a report on Wednesday, February 28th. Finally, Royal Bank of Canada set a $68.00 target price on shares of Express Scripts and gave the company a “hold” rating in a report on Friday, December 15th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $81.97.
Express Scripts Holding (NASDAQ ESRX) opened at $77.00 on Wednesday. Express Scripts Holding has a one year low of $55.80 and a one year high of $85.07. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.83. The company has a market cap of $43,916.79, a PE ratio of 9.83, a PEG ratio of 0.96 and a beta of 0.94.
Express Scripts (NASDAQ:ESRX) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $2.16 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $25.07 billion. During the same quarter in the prior year, the company posted $1.88 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. sell-side analysts forecast that Express Scripts Holding will post 9.35 earnings per share for the current year.
Express Scripts announced that its board has initiated a share buyback program on Monday, December 18th that allows the company to buyback 45,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
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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