Public Employees Retirement Association of Colorado raised its holdings in Express Scripts Holding (NASDAQ:ESRX) by 6.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 111,661 shares of the company’s stock after acquiring an additional 7,244 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Express Scripts were worth $8,334,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new stake in shares of Express Scripts in the 4th quarter valued at $105,000. Bank of Nova Scotia Trust Co. bought a new stake in shares of Express Scripts in the 3rd quarter valued at $120,000. Monroe Bank & Trust MI boosted its stake in Express Scripts by 74.8% during the third quarter. Monroe Bank & Trust MI now owns 2,266 shares of the company’s stock worth $156,000 after acquiring an additional 970 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. boosted its stake in Express Scripts by 49.3% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 2,797 shares of the company’s stock worth $179,000 after acquiring an additional 924 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Express Scripts during the fourth quarter worth $183,000. Hedge funds and other institutional investors own 87.46% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Express Scripts from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Wednesday. BidaskClub downgraded shares of Express Scripts from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada upgraded shares of Express Scripts from a “sector perform” rating to an “outperform” rating and set a $68.00 target price for the company in a report on Wednesday, January 31st. Sanford C. Bernstein downgraded shares of Express Scripts from a “market perform” rating to an “underperform” rating and raised their price objective for the stock from $55.80 to $77.50 in a report on Tuesday, January 30th. Finally, Mizuho set a $86.00 price objective on shares of Express Scripts and gave the stock a “hold” rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Express Scripts currently has an average rating of “Hold” and a consensus target price of $79.29.
Express Scripts Holding (NASDAQ ESRX) opened at $74.93 on Thursday. The company has a market cap of $41,679.39, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. Express Scripts Holding has a one year low of $55.80 and a one year high of $83.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.73.
Express Scripts announced that its board has authorized a stock repurchase plan on Monday, December 18th that authorizes the company to repurchase 45,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is 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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