Sei Investments Co. increased its stake in shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) by 31.4% during the second quarter, Holdings Channel reports. The firm owned 131,059 shares of the company’s stock after buying an additional 31,334 shares during the period. Sei Investments Co.’s holdings in AmerisourceBergen Corporation (Holding Co) were worth $12,390,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ABC. Point72 Asia Hong Kong Ltd bought a new position in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at about $105,000. American Beacon Advisors Inc. bought a new position in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at about $108,000. SRS Capital Advisors Inc. boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 0.3% in the first quarter. SRS Capital Advisors Inc. now owns 1,235 shares of the company’s stock valued at $109,000 after buying an additional 4 shares during the period. ClariVest Asset Management LLC bought a new position in shares of AmerisourceBergen Corporation (Holding Co) during the first quarter valued at about $143,000. Finally, Washington Trust Bank boosted its position in shares of AmerisourceBergen Corporation (Holding Co) by 400.9% in the first quarter. Washington Trust Bank now owns 1,693 shares of the company’s stock valued at $150,000 after buying an additional 1,355 shares during the period. 68.87% of the stock is owned by institutional investors and hedge funds.

Shares of AmerisourceBergen Corporation (NYSE:ABC) opened at 80.33 on Wednesday. The stock has a market capitalization of $17.54 billion, a price-to-earnings ratio of 15.59 and a beta of 0.91. The firm’s 50-day moving average price is $92.96 and its 200 day moving average price is $89.37. AmerisourceBergen Corporation has a 1-year low of $68.38 and a 1-year high of $97.85.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.06. AmerisourceBergen Corporation (Holding Co) had a net margin of 0.56% and a return on equity of 56.07%. The company had revenue of $38.71 billion during the quarter, compared to the consensus estimate of $39.13 billion. During the same period last year, the firm earned $1.37 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts expect that AmerisourceBergen Corporation will post $5.88 earnings per share for the current fiscal year.

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ABC has been the subject of several analyst reports. BidaskClub raised AmerisourceBergen Corporation (Holding Co) from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Vetr cut AmerisourceBergen Corporation (Holding Co) from a “strong-buy” rating to a “buy” rating and set a $97.44 price objective for the company. in a report on Tuesday, May 9th. Credit Suisse Group reissued a “buy” rating and issued a $95.00 price objective on shares of AmerisourceBergen Corporation (Holding Co) in a report on Thursday, July 13th. Leerink Swann set a $90.00 price objective on AmerisourceBergen Corporation (Holding Co) and gave the company a “buy” rating in a report on Monday. Finally, TheStreet cut AmerisourceBergen Corporation (Holding Co) from a “b” rating to a “c+” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $93.14.

In other news, Chairman Steven H. Collis sold 15,000 shares of AmerisourceBergen Corporation (Holding Co) stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $94.76, for a total transaction of $1,421,400.00. Following the completion of the sale, the chairman now directly owns 253,876 shares in the company, valued at approximately $24,057,289.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 27.40% of the stock is currently owned by company insiders.

AmerisourceBergen Corporation (Holding Co) Company Profile

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company’s segments include Pharmaceutical Distribution and Other. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. As of June 30, 2016, the Pharmaceutical Distribution segment consists of two operating segments, including the operations of AmerisourceBergen Drug Corporation (ABDC) and AmerisourceBergen Specialty Group (ABSG), which distributes specialty drugs to their customers.

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Institutional Ownership by Quarter for AmerisourceBergen Corporation (Holding Co) (NYSE:ABC)

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