Veritas Asset Management LLP raised its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 8.2% during the first quarter, Holdings Channel reports. The fund owned 7,240,323 shares of the company’s stock after buying an additional 551,100 shares during the period. Express Scripts Holding makes up approximately 4.3% of Veritas Asset Management LLP’s portfolio, making the stock its 12th largest position. Veritas Asset Management LLP’s holdings in Express Scripts Holding were worth $477,210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ESRX. United Services Automobile Association boosted its position in shares of Express Scripts Holding by 11.6% in the first quarter. United Services Automobile Association now owns 1,051,072 shares of the company’s stock valued at $69,276,000 after buying an additional 109,429 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Express Scripts Holding by 28.8% in the first quarter. Van ECK Associates Corp now owns 373,636 shares of the company’s stock valued at $24,626,000 after buying an additional 83,568 shares during the last quarter. Rafferty Asset Management LLC boosted its position in shares of Express Scripts Holding by 22.7% in the first quarter. Rafferty Asset Management LLC now owns 17,665 shares of the company’s stock valued at $1,164,000 after buying an additional 3,265 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new position in shares of Express Scripts Holding during the first quarter valued at approximately $328,000. Finally, LMR Partners LLP acquired a new position in shares of Express Scripts Holding during the first quarter valued at approximately $559,000. Institutional investors and hedge funds own 88.47% of the company’s stock.

Express Scripts Holding Company (ESRX) opened at 62.72 on Tuesday. The company has a market capitalization of $37.23 billion, a price-to-earnings ratio of 11.37 and a beta of 0.90. Express Scripts Holding Company has a 52-week low of $57.80 and a 52-week high of $79.94. The company’s 50-day moving average is $61.70 and its 200-day moving average is $66.20.

Express Scripts Holding (NASDAQ:ESRX) last announced its quarterly earnings data on Monday, April 24th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.01. Express Scripts Holding had a return on equity of 25.64% and a net margin of 3.42%. The business had revenue of $24.65 billion for the quarter, compared to analysts’ expectations of $24.95 billion. During the same period in the previous year, the business posted $1.22 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts expect that Express Scripts Holding Company will post $6.97 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/07/18/express-scripts-holding-company-nasdaqesrx-shares-bought-by-veritas-asset-management-llp.html.

Several research analysts recently commented on the stock. BidaskClub cut shares of Express Scripts Holding from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Cowen and Company reaffirmed an “outperform” rating and set a $83.00 price target on shares of Express Scripts Holding in a research report on Friday, June 9th. ValuEngine lowered shares of Express Scripts Holding from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Evercore ISI dropped their price target on shares of Express Scripts Holding from $68.50 to $59.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 26th. Finally, Morgan Stanley dropped their price target on shares of Express Scripts Holding from $71.00 to $52.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 26th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Express Scripts Holding has a consensus rating of “Hold” and a consensus price target of $71.89.

In related news, VP Phyllis S. Anderson sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $60.08, for a total value of $66,088.00. Following the transaction, the vice president now directly owns 11,108 shares in the company, valued at $667,368.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.68% of the company’s stock.

Express Scripts Holding Company 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).

Want to see what other hedge funds are holding ESRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Express Scripts Holding Company (NASDAQ:ESRX).

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

Receive News & Ratings for Express Scripts Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express Scripts Holding Company and related companies with MarketBeat.com's FREE daily email newsletter.