Nordea Investment Management AB Grows Holdings in Express Scripts Holding Company (ESRX)

Nordea Investment Management AB grew its position in Express Scripts Holding Company (NASDAQ:ESRX) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,116,445 shares of the company’s stock after acquiring an additional 97,953 shares during the quarter. Express Scripts Holding accounts for 1.1% of Nordea Investment Management AB’s portfolio, making the stock its 26th biggest holding. Nordea Investment Management AB owned approximately 1.23% of Express Scripts Holding worth $454,314,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ESRX. First Trust Advisors LP increased its position in shares of Express Scripts Holding by 25.3% during the 2nd quarter. First Trust Advisors LP now owns 708,955 shares of the company’s stock valued at $45,260,000 after purchasing an additional 143,163 shares during the last quarter. Hancock Holding Co. increased its position in shares of Express Scripts Holding by 9.9% during the 1st quarter. Hancock Holding Co. now owns 183,489 shares of the company’s stock valued at $12,094,000 after purchasing an additional 16,536 shares during the last quarter. Twin Capital Management Inc. increased its position in shares of Express Scripts Holding by 0.8% during the 1st quarter. Twin Capital Management Inc. now owns 46,560 shares of the company’s stock valued at $3,069,000 after purchasing an additional 360 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Express Scripts Holding by 28.8% during the 1st quarter. Van ECK Associates Corp now owns 373,636 shares of the company’s stock valued at $24,626,000 after purchasing an additional 83,568 shares during the last quarter. Finally, Wilkins Investment Counsel Inc. increased its position in shares of Express Scripts Holding by 6.9% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 118,336 shares of the company’s stock valued at $7,800,000 after purchasing an additional 7,630 shares during the last quarter. 88.69% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. Robert W. Baird reissued a “hold” rating and set a $56.00 target price on shares of Express Scripts Holding in a research report on Friday, September 1st. Morgan Stanley boosted their target price 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. Needham & Company LLC assumed coverage on Express Scripts Holding in a research report on Friday, July 21st. They set a “hold” rating on the stock. ValuEngine downgraded Express Scripts Holding from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $69.45.

In other news, Director Woodrow A. Myers, Jr. sold 3,900 shares of Express Scripts Holding stock in a transaction on Monday, September 11th. The stock was sold at an average price of $63.93, for a total value of $249,327.00. Following the completion of the sale, the director now directly owns 11,500 shares of the company’s stock, valued at $735,195. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Phyllis S. Anderson sold 578 shares of Express Scripts Holding 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 completion of the sale, the vice president now directly owns 10,530 shares of the company’s stock, valued at $664,758.90. The disclosure for this sale can be found here. Insiders sold 5,641 shares of company stock valued at $357,317 over the last ninety days. Insiders own 0.68% of the company’s stock.

Shares of Express Scripts Holding Company (NASDAQ ESRX) opened at 62.36 on Monday. The firm has a 50 day moving average price of $62.27 and a 200 day moving average price of $62.66. The stock has a market capitalization of $36.02 billion, a PE ratio of 10.82 and a beta of 0.88. Express Scripts Holding Company has a one year low of $57.80 and a one year high of $77.50.

Express Scripts Holding (NASDAQ:ESRX) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $25.35 billion during the quarter, compared to analysts’ expectations of $25.52 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. The company’s revenue was up .5% on a year-over-year basis. Analysts predict that Express Scripts Holding Company will post $6.99 earnings per share for the current fiscal year.

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A number of other large investors have also recently added to or reduced their stakes in ESRX. First Trust Advisors LP increased its position in shares of Express Scripts Holding by 25.3% during the 2nd quarter. First Trust Advisors LP now owns 708,955 shares of the company’s stock valued at $45,260,000 after purchasing an additional 143,163 shares during the last quarter. Hancock Holding Co. increased its position in shares of Express Scripts Holding by 9.9% during the 1st quarter. Hancock Holding Co. now owns 183,489 shares of the company’s stock valued at $12,094,000 after purchasing an additional 16,536 shares during the last quarter. Twin Capital Management Inc. increased its position in shares of Express Scripts Holding by 0.8% during the 1st quarter. Twin Capital Management Inc. now owns 46,560 shares of the company’s stock valued at $3,069,000 after purchasing an additional 360 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Express Scripts Holding by 28.8% during the 1st quarter. Van ECK Associates Corp now owns 373,636 shares of the company’s stock valued at $24,626,000 after purchasing an additional 83,568 shares during the last quarter. Finally, Wilkins Investment Counsel Inc. increased its position in shares of Express Scripts Holding by 6.9% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 118,336 shares of the company’s stock valued at $7,800,000 after purchasing an additional 7,630 shares during the last quarter. 88.69% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. Robert W. Baird reissued a “hold” rating and set a $56.00 target price on shares of Express Scripts Holding in a research report on Friday, September 1st. Morgan Stanley boosted their target price 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. Needham & Company LLC assumed coverage on Express Scripts Holding in a research report on Friday, July 21st. They set a “hold” rating on the stock. ValuEngine downgraded Express Scripts Holding from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $69.45.

In other news, Director Woodrow A. Myers, Jr. sold 3,900 shares of Express Scripts Holding stock in a transaction on Monday, September 11th. The stock was sold at an average price of $63.93, for a total value of $249,327.00. Following the completion of the sale, the director now directly owns 11,500 shares of the company’s stock, valued at $735,195. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Phyllis S. Anderson sold 578 shares of Express Scripts Holding 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 completion of the sale, the vice president now directly owns 10,530 shares of the company’s stock, valued at $664,758.90. The disclosure for this sale can be found here. Insiders sold 5,641 shares of company stock valued at $357,317 over the last ninety days. Insiders own 0.68% of the company’s stock.

Shares of Express Scripts Holding Company (NASDAQ ESRX) opened at 62.36 on Monday. The firm has a 50 day moving average price of $62.27 and a 200 day moving average price of $62.66. The stock has a market capitalization of $36.02 billion, a PE ratio of 10.82 and a beta of 0.88. Express Scripts Holding Company has a one year low of $57.80 and a one year high of $77.50.

Express Scripts Holding (NASDAQ:ESRX) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $25.35 billion during the quarter, compared to analysts’ expectations of $25.52 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. The company’s revenue was up .5% on a year-over-year basis. Analysts predict that Express Scripts Holding Company will post $6.99 earnings per share for the current fiscal year.

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

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