The Nomura Asset Management Co. Ltd. Increases Position in Express Scripts Holding Co. (ESRX)

The Nomura Asset Management Co. Ltd. Increases Position in Express Scripts Holding Co. (ESRX)

Nomura Asset Management Co. Ltd. boosted its position in shares of Express Scripts Holding Co. (NASDAQ:ESRX) by 19.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 513,422 shares of the company’s stock after buying an additional 82,704 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.08% of Express Scripts Holding worth $36,212,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in ESRX. Oakworth Capital Inc. boosted its stake in shares of Express Scripts Holding by 0.6% in the third quarter. Oakworth Capital Inc. now owns 1,802 shares of the company’s stock valued at $127,000 after buying an additional 10 shares in the last quarter. Integrated Wealth Management raised its position in shares of Express Scripts Holding by 4.2% in the second quarter. Integrated Wealth Management now owns 1,845 shares of the company’s stock valued at $140,000 after buying an additional 74 shares during the last quarter. Tarbox Group Inc. raised its position in shares of Express Scripts Holding by 5.3% in the second quarter. Tarbox Group Inc. now owns 1,944 shares of the company’s stock valued at $147,000 after buying an additional 98 shares during the last quarter. Alpha Windward LLC raised its position in shares of Express Scripts Holding by 7.9% in the third quarter. Alpha Windward LLC now owns 2,146 shares of the company’s stock valued at $151,000 after buying an additional 158 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its position in shares of Express Scripts Holding by 5.0% in the third quarter. Joel Isaacson & Co. LLC now owns 2,230 shares of the company’s stock valued at $157,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Express Scripts Holding Co. (NASDAQ:ESRX) opened at 72.67 on Thursday. The firm has a 50-day moving average price of $71.63 and a 200-day moving average price of $73.09. The company has a market cap of $44.81 billion, a P/E ratio of 17.18 and a beta of 0.99. Express Scripts Holding Co. has a 12-month low of $64.46 and a 12-month high of $80.02.

Express Scripts Holding (NASDAQ:ESRX) last announced its earnings results on Tuesday, October 25th. The company reported $1.74 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.74. The firm earned $25.41 billion during the quarter, compared to analysts’ expectations of $25.48 billion. Express Scripts Holding had a return on equity of 24.99% and a net margin of 2.70%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. On average, equities research analysts forecast that Express Scripts Holding Co. will post $6.39 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. Sanford C. Bernstein reissued an “underperform” rating and set a $59.00 price objective on shares of Express Scripts Holding in a report on Thursday, December 1st. Credit Suisse Group AG reissued an “outperform” rating and set a $85.00 price objective on shares of Express Scripts Holding in a report on Monday, October 3rd. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Express Scripts Holding in a report on Wednesday, December 14th. Zacks Investment Research lowered Express Scripts Holding from a “buy” rating to a “hold” rating in a report on Thursday, December 15th. Finally, Leerink Swann reissued a “market perform” rating on shares of Express Scripts Holding in a report on Friday, December 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $79.12.

In other news, VP Everett Neville sold 1,123 shares of Express Scripts Holding stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $69.41, for a total value of $77,947.43. Following the completion of the transaction, the vice president now owns 12,712 shares in the company, valued at approximately $882,339.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by insiders.

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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