Commerce Bank Has $6.03 Million Holdings in Express Scripts Holding Company (ESRX)

Commerce Bank lessened its stake in shares of Express Scripts Holding Company (NASDAQ:ESRX) by 31.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,377 shares of the company’s stock after selling 43,946 shares during the period. Commerce Bank’s holdings in Express Scripts Holding were worth $6,025,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Sullivan Bruyette Speros & Blaney LLC grew its holdings in Express Scripts Holding by 7.0% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 4,613 shares of the company’s stock valued at $294,000 after purchasing an additional 300 shares during the last quarter. Veritas Asset Management LLP grew its holdings in Express Scripts Holding by 13.2% during the second quarter. Veritas Asset Management LLP now owns 8,192,572 shares of the company’s stock valued at $523,014,000 after purchasing an additional 952,249 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Express Scripts Holding during the second quarter valued at approximately $2,324,000. Girard Partners LTD. grew its holdings in Express Scripts Holding by 22.2% during the second quarter. Girard Partners LTD. now owns 4,169 shares of the company’s stock valued at $266,000 after purchasing an additional 756 shares during the last quarter. Finally, Brighton Jones LLC acquired a new position in Express Scripts Holding during the second quarter valued at approximately $600,000. Institutional investors own 88.69% of the company’s stock.

Express Scripts Holding Company (NASDAQ:ESRX) opened at 61.00 on Wednesday. The company has a market capitalization of $35.23 billion, a PE ratio of 10.59 and a beta of 0.88. Express Scripts Holding Company has a 12 month low of $57.80 and a 12 month high of $77.50. The company has a 50-day moving average price of $61.81 and a 200 day moving average price of $62.96.

Express Scripts Holding (NASDAQ:ESRX) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The firm had revenue of $25.35 billion for the quarter, compared to analyst estimates of $25.52 billion. During the same period in the prior year, the firm posted $1.57 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts forecast that Express Scripts Holding Company will post $6.99 EPS for the current fiscal year.

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In other news, Director Woodrow A. Myers, Jr. sold 3,900 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $63.93, for a total transaction of $249,327.00. Following the completion of the sale, the director now directly owns 11,500 shares in the company, valued at approximately $735,195. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Phyllis S. Anderson sold 578 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $63.13, for a total value of $36,489.14. Following the sale, the vice president now owns 10,530 shares of the company’s stock, valued at $664,758.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,641 shares of company stock valued at $357,317. Corporate insiders own 0.68% of the company’s stock.

ESRX has been the topic of several analyst reports. ValuEngine downgraded Express Scripts Holding from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Cowen and Company reissued an “outperform” rating and issued a $83.00 price objective on shares of Express Scripts Holding in a research report on Friday, June 9th. BidaskClub raised Express Scripts Holding from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Needham & Company LLC started coverage on Express Scripts Holding in a research report on Friday, July 21st. They issued a “hold” rating for the company. Finally, Morgan Stanley increased 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. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $70.09.

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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Institutional Ownership by Quarter for Express Scripts Holding (NASDAQ:ESRX)

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