Insider Selling: Boston Scientific Corporation (BSX) SVP Sells 8,763 Shares of Stock

Boston Scientific Corporation (NYSE:BSX) SVP David A. Pierce sold 8,763 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $27.74, for a total transaction of $243,085.62. Following the transaction, the senior vice president now owns 24,201 shares in the company, valued at approximately $671,335.74. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Boston Scientific Corporation (BSX) opened at $27.46 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.72. The stock has a market cap of $37,710.00, a price-to-earnings ratio of 45.02, a P/E/G ratio of 1.96 and a beta of 0.96. Boston Scientific Corporation has a 1-year low of $23.03 and a 1-year high of $29.93.

Boston Scientific (NYSE:BSX) last posted its quarterly earnings data on Thursday, October 26th. The medical equipment provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. Boston Scientific had a net margin of 9.55% and a return on equity of 23.60%. Boston Scientific’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. analysts anticipate that Boston Scientific Corporation will post 1.25 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of BSX. Valeo Financial Advisors LLC bought a new stake in Boston Scientific in the 3rd quarter valued at $138,000. Steward Partners Investment Advisory LLC bought a new stake in Boston Scientific in the 3rd quarter valued at $139,000. Acrospire Investment Management LLC boosted its holdings in Boston Scientific by 157.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 5,071 shares of the medical equipment provider’s stock valued at $141,000 after purchasing an additional 3,100 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in Boston Scientific in the 2nd quarter valued at $191,000. Finally, Ironwood Investment Counsel LLC bought a new stake in Boston Scientific in the 3rd quarter valued at $204,000. 90.36% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently commented on BSX shares. BMO Capital Markets restated a “buy” rating and set a $30.00 price target on shares of Boston Scientific in a research note on Friday, October 13th. Needham & Company LLC restated a “buy” rating and set a $32.00 price target on shares of Boston Scientific in a research note on Tuesday, October 3rd. SunTrust Banks restated a “buy” rating and set a $34.00 price target on shares of Boston Scientific in a research note on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and set a $32.00 price target on shares of Boston Scientific in a research note on Monday, September 25th. Finally, Canaccord Genuity dropped their price target on shares of Boston Scientific from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $31.00.

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Boston Scientific Company Profile

Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company offers its products by seven businesses: Interventional Cardiology, Cardiac Rhythm Management, Endoscopy, Peripheral Interventions, Urology and Pelvic Health, Neuromodulation, and Electrophysiology.

Insider Buying and Selling by Quarter for Boston Scientific (NYSE:BSX)

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