Express Scripts Holding Company (ESRX) Shares Bought by Janus Henderson Group PLC
Janus Henderson Group PLC lifted its stake in shares of Express Scripts Holding Company (NASDAQ:ESRX) by 40.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,653 shares of the company’s stock after purchasing an additional 44,842 shares during the period. Janus Henderson Group PLC’s holdings in Express Scripts were worth $9,917,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ESRX. Sandy Spring Bank boosted its holdings in Express Scripts by 0.6% in the 2nd quarter. Sandy Spring Bank now owns 6,464 shares of the company’s stock valued at $413,000 after purchasing an additional 37 shares during the period. Buckingham Asset Management LLC boosted its holdings in Express Scripts by 0.6% in the 2nd quarter. Buckingham Asset Management LLC now owns 8,874 shares of the company’s stock valued at $567,000 after purchasing an additional 52 shares during the period. Pitcairn Co. lifted its holdings in shares of Express Scripts by 0.6% during the 2nd quarter. Pitcairn Co. now owns 13,183 shares of the company’s stock worth $842,000 after acquiring an additional 79 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its holdings in shares of Express Scripts by 0.4% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 24,059 shares of the company’s stock worth $1,536,000 after acquiring an additional 100 shares during the last quarter. Finally, National Asset Management Inc. lifted its holdings in shares of Express Scripts by 1.5% during the 2nd quarter. National Asset Management Inc. now owns 7,939 shares of the company’s stock worth $510,000 after acquiring an additional 115 shares during the last quarter. 88.28% of the stock is owned by institutional investors.
In other Express Scripts news, CEO Timothy C. Wentworth bought 8,000 shares of Express Scripts stock in a transaction on Tuesday, October 31st. The stock was acquired at an average cost of $61.13 per share, with a total value of $489,040.00. Following the completion of the acquisition, the chief executive officer now owns 98,628 shares in the company, valued at $6,029,129.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Phyllis S. Anderson sold 643 shares of the company’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 transaction of $40,103.91. The disclosure for this sale can be found here. 0.68% of the stock is owned by insiders.
A number of equities analysts recently commented on ESRX shares. Jefferies Group set a $72.00 target price on shares of Express Scripts and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Robert W. Baird upgraded shares of Express Scripts from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $72.00 to $81.00 in a research report on Friday, December 15th. Raymond James Financial restated a “sell” rating on shares of Express Scripts in a research report on Friday, December 15th. Needham & Company LLC restated a “hold” rating on shares of Express Scripts in a research report on Thursday, December 21st. Finally, Mizuho set a $67.00 price objective on shares of Express Scripts and gave the company a “hold” rating in a research report on Tuesday, October 24th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $74.65.
Shares of Express Scripts Holding Company (ESRX) opened at $74.53 on Tuesday. Express Scripts Holding Company has a 52 week low of $55.80 and a 52 week high of $74.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.73. The company has a market cap of $42,211.78, a PE ratio of 12.28, a P/E/G ratio of 1.10 and a beta of 0.88.
Express Scripts (NASDAQ:ESRX) last issued its earnings results on Tuesday, October 24th. The company reported $1.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.90. The firm had revenue of $24.68 billion for the quarter, compared to the consensus estimate of $25.68 billion. Express Scripts had a net margin of 3.64% and a return on equity of 25.46%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 earnings per share. analysts expect that Express Scripts Holding Company will post 7.03 EPS for the current fiscal year.
Express Scripts announced that its Board of Directors has approved a share buyback plan on Monday, December 18th that allows the company to buyback 45,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically 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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