Strs Ohio purchased a new position in HMS Holdings Corp. (NASDAQ:HMSY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 59,100 shares of the company’s stock, valued at approximately $1,040,000.
Several other institutional investors also recently added to or reduced their stakes in the company. RS Investment Management Co. LLC boosted its position in HMS Holdings Corp. by 24.8% in the second quarter. RS Investment Management Co. LLC now owns 7,591,994 shares of the company’s stock worth $133,695,000 after buying an additional 1,510,011 shares during the period. Canada Pension Plan Investment Board boosted its position in HMS Holdings Corp. by 2,232.1% in the first quarter. Canada Pension Plan Investment Board now owns 181,900 shares of the company’s stock worth $2,610,000 after buying an additional 174,100 shares during the period. Smith Asset Management Group LP bought a new position in HMS Holdings Corp. during the second quarter worth $3,019,000. Bank of Montreal Can bought a new position in HMS Holdings Corp. during the second quarter worth $2,736,000. Finally, Prudential Financial Inc. boosted its position in HMS Holdings Corp. by 69.3% in the first quarter. Prudential Financial Inc. now owns 357,142 shares of the company’s stock worth $5,125,000 after buying an additional 146,200 shares during the period. 96.56% of the stock is owned by institutional investors.
HMS Holdings Corp. (NASDAQ:HMSY) traded down 2.87% during midday trading on Friday, reaching $21.00. The company’s stock had a trading volume of 220,214 shares. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 63.44 and a beta of 0.81. The stock’s 50-day moving average price is $21.89 and its 200-day moving average price is $18.68. HMS Holdings Corp. has a 12 month low of $9.51 and a 12 month high of $24.00.
HMS Holdings Corp. (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm earned $123.60 million during the quarter, compared to analyst estimates of $116.85 million. HMS Holdings Corp. had a return on equity of 8.83% and a net margin of 5.86%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. Analysts predict that HMS Holdings Corp. will post $0.69 EPS for the current year.
HMSY has been the subject of a number of analyst reports. Jefferies Group cut HMS Holdings Corp. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $19.00 to $23.00 in a report on Thursday, August 18th. They noted that the move was a valuation call. TheStreet raised HMS Holdings Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Finally, Zacks Investment Research raised HMS Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. HMS Holdings Corp. presently has an average rating of “Buy” and a consensus price target of $21.20.
In other HMS Holdings Corp. news, CEO William C. Lucia sold 45,280 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $22.09, for a total transaction of $1,000,235.20. Following the completion of the transaction, the chief executive officer now directly owns 194,982 shares of the company’s stock, valued at approximately $4,307,152.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Becker purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were purchased at an average cost of $21.96 per share, with a total value of $109,800.00. Following the completion of the purchase, the director now owns 11,701 shares in the company, valued at approximately $256,953.96. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company’s stock.
HMS Holdings Corp. Company Profile
HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate.
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