Daiwa Securities Group Inc. Sells 9,829 Shares of Express Scripts Holding Company (ESRX)

Daiwa Securities Group Inc. reduced its holdings in Express Scripts Holding Company (NASDAQ:ESRX) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,816 shares of the company’s stock after selling 9,829 shares during the period. Daiwa Securities Group Inc.’s holdings in Express Scripts Holding were worth $1,635,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Park National Corp OH boosted its holdings in shares of Express Scripts Holding by 0.3% in the 2nd quarter. Park National Corp OH now owns 3,575 shares of the company’s stock valued at $228,000 after acquiring an additional 11 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Express Scripts Holding by 0.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 8,634 shares of the company’s stock valued at $551,000 after acquiring an additional 23 shares during the last quarter. Carroll Financial Associates Inc. boosted its holdings in shares of Express Scripts Holding by 1.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,186 shares of the company’s stock valued at $203,000 after acquiring an additional 30 shares during the last quarter. CAPROCK Group Inc. boosted its holdings in shares of Express Scripts Holding by 0.9% in the 2nd quarter. CAPROCK Group Inc. now owns 3,675 shares of the company’s stock valued at $235,000 after acquiring an additional 33 shares during the last quarter. Finally, Sandy Spring Bank boosted its holdings in shares of Express Scripts Holding 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 acquiring an additional 37 shares during the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Express Scripts Holding Company (NASDAQ ESRX) opened at $60.05 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock has a market cap of $34,010.70, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 0.89 and a beta of 0.88. Express Scripts Holding Company has a twelve month low of $55.80 and a twelve month high of $77.50.

Express Scripts Holding (NASDAQ:ESRX) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.90. The business had revenue of $24.68 billion for the quarter, compared to the consensus estimate of $25.68 billion. Express Scripts Holding had a net margin of 3.64% and a return on equity of 25.46%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. equities research analysts predict that Express Scripts Holding Company will post 7.01 EPS for the current year.

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In other news, VP Phyllis S. Anderson sold 643 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Everett Neville sold 1,163 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total transaction of $71,501.24. Following the completion of the sale, the vice president now owns 18,232 shares of the company’s stock, valued at $1,120,903.36. The disclosure for this sale can be found here. Insiders sold 6,284 shares of company stock valued at $397,421 over the last quarter. Company insiders own 0.68% of the company’s stock.

Several analysts have recently commented on ESRX shares. Robert W. Baird upped their price objective on shares of Express Scripts Holding from $57.00 to $59.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Jefferies Group LLC set a $72.00 price objective on shares of Express Scripts Holding and gave the company a “buy” rating in a report on Tuesday, August 29th. Zacks Investment Research downgraded shares of Express Scripts Holding from a “buy” rating to a “sell” rating in a report on Tuesday, October 24th. Royal Bank Of Canada set a $66.00 price objective on shares of Express Scripts Holding and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, UBS AG downgraded shares of Express Scripts Holding from a “market perform” rating to an “underperform” rating in a report on Monday, October 9th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $69.53.

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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