Traders purchased shares of AmerisourceBergen Corp. (NYSE:ABC) on weakness during trading hours on Friday. $45.16 million flowed into the stock on the tick-up and $26.23 million flowed out of the stock on the tick-down, for a money net flow of $18.93 million into the stock. Of all stocks tracked, AmerisourceBergen Corp. had the 21st highest net in-flow for the day. AmerisourceBergen Corp. traded down ($0.12) for the day and closed at $88.85

Several analysts recently issued reports on ABC shares. Zacks Investment Research raised AmerisourceBergen Corp. from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Avondale Partners downgraded AmerisourceBergen Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, May 5th. FBR & Co lifted their target price on AmerisourceBergen Corp. from $84.00 to $100.00 and gave the company a “mkt perform” rating in a research note on Friday, May 6th. Royal Bank Of Canada lifted their target price on AmerisourceBergen Corp. from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, May 6th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of AmerisourceBergen Corp. in a research note on Friday, May 6th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $98.43.

The firm has a market cap of $19.08 billion and a price-to-earnings ratio of 11.99. The firm’s 50-day moving average price is $86.17 and its 200 day moving average price is $83.63.

AmerisourceBergen Corp. (NYSE:ABC) last announced its earnings results on Tuesday, August 2nd. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.27 by $0.10. The business earned $36.90 billion during the quarter, compared to analyst estimates of $36.57 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. Analysts expect that AmerisourceBergen Corp. will post $5.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, August 18th.

In other news, Director Lon R. Greenberg acquired 4,000 shares of AmerisourceBergen Corp. stock in a transaction on Tuesday, August 9th. The shares were purchased at an average price of $88.59 per share, with a total value of $354,360.00. Following the acquisition, the director now owns 9,500 shares in the company, valued at $841,605. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gina Clark sold 2,247 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $89.50, for a total value of $201,106.50. Following the transaction, the insider now directly owns 9,436 shares in the company, valued at approximately $844,522. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. Trexquant Investment LP increased its position in AmerisourceBergen Corp. by 409.1% in the fourth quarter. Trexquant Investment LP now owns 11,200 shares of the company’s stock valued at $1,162,000 after buying an additional 9,000 shares in the last quarter. I.G. Investment Management LTD. increased its position in AmerisourceBergen Corp. by 26.2% in the fourth quarter. I.G. Investment Management LTD. now owns 30,328 shares of the company’s stock valued at $3,145,000 after buying an additional 6,296 shares in the last quarter. Matarin Capital Management LLC purchased a new position in AmerisourceBergen Corp. during the fourth quarter valued at about $3,336,000. KBC Group NV increased its position in AmerisourceBergen Corp. by 7.7% in the fourth quarter. KBC Group NV now owns 204,457 shares of the company’s stock valued at $21,204,000 after buying an additional 14,618 shares in the last quarter. Finally, Airain ltd increased its position in AmerisourceBergen Corp. by 522.2% in the fourth quarter. Airain ltd now owns 115,971 shares of the company’s stock valued at $12,027,000 after buying an additional 97,333 shares in the last quarter.

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company operates through two segments: Pharmaceutical Distribution and Other. The Company also provides data and other services to its manufacturing customers. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers.

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