First Citizens Bank & Trust Co. purchased a new position in shares of HMS Holdings Corp. (NASDAQ:HMSY) during the second quarter, Holdings Channel reports. The fund purchased 21,200 shares of the company’s stock, valued at approximately $373,000.
A number of other hedge funds have also recently modified their holdings of the stock. RS Investment Management Co. LLC boosted its stake in shares of 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. Pembroke Management LTD boosted its stake in shares of HMS Holdings Corp. by 3.3% in the second quarter. Pembroke Management LTD now owns 2,895,996 shares of the company’s stock worth $50,998,000 after buying an additional 92,700 shares during the period. State Street Corp boosted its stake in shares of HMS Holdings Corp. by 2.0% in the first quarter. State Street Corp now owns 1,744,831 shares of the company’s stock worth $25,032,000 after buying an additional 34,284 shares during the period. Hood River Capital Management LLC purchased a new stake in shares of HMS Holdings Corp. during the second quarter worth approximately $10,627,000. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of HMS Holdings Corp. by 2.0% in the first quarter. TIAA CREF Investment Management LLC now owns 390,031 shares of the company’s stock worth $5,597,000 after buying an additional 7,820 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.
HMS Holdings Corp. (NASDAQ:HMSY) traded up 2.73% during midday trading on Tuesday, hitting $21.44. 280,552 shares of the company were exchanged. The firm has a market capitalization of $1.81 billion, a PE ratio of 64.77 and a beta of 0.81. HMS Holdings Corp. has a 1-year low of $9.51 and a 1-year high of $24.00. The stock has a 50 day moving average of $21.86 and a 200 day moving average of $18.81.
HMS Holdings Corp. (NASDAQ:HMSY) last released its quarterly earnings data 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. HMS Holdings Corp. had a net margin of 5.86% and a return on equity of 8.83%. The firm had revenue of $123.60 million for the quarter, compared to analysts’ expectations of $116.85 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts predict that HMS Holdings Corp. will post $0.69 earnings per share for the current fiscal year.
A number of analysts have commented on HMSY shares. TheStreet raised shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Jefferies Group cut shares of HMS Holdings Corp. from a “buy” rating to a “hold” rating and upped their price target for the company from $19.00 to $23.00 in a research report on Thursday, August 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of HMS Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. One investment analyst has 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 “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 business’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $22.09, for a total value of $1,000,235.20. Following the transaction, the chief executive officer now owns 194,982 shares in the company, valued at $4,307,152.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Becker acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was purchased at an average price of $21.96 per share, for a total transaction of $109,800.00. Following the transaction, the director now directly owns 11,701 shares of the company’s stock, valued at approximately $256,953.96. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by company insiders.
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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