Louisiana State Employees Retirement System raised its stake in shares of HMS Holdings Corp. (NASDAQ:HMSY) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,300 shares of the company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in HMS Holdings Corp. were worth $657,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of HMSY. Pembroke Management LTD raised its position in HMS Holdings Corp. by 3.3% in the second quarter. Pembroke Management LTD now owns 2,895,996 shares of the company’s stock valued at $50,998,000 after buying an additional 92,700 shares during the period. State Street Corp raised its position in HMS Holdings Corp. by 2.0% in the first quarter. State Street Corp now owns 1,744,831 shares of the company’s stock valued at $25,032,000 after buying an additional 34,284 shares during the period. TIAA CREF Investment Management LLC raised its position in 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 valued at $5,597,000 after buying an additional 7,820 shares during the period. Prudential Financial Inc. raised 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 valued at $5,125,000 after buying an additional 146,200 shares during the period. Finally, Prescott Group Capital Management L.L.C. raised its position in HMS Holdings Corp. by 49.3% in the second quarter. Prescott Group Capital Management L.L.C. now owns 280,825 shares of the company’s stock valued at $4,945,000 after buying an additional 92,793 shares during the period. 96.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HMS Holdings Corp. (NASDAQ:HMSY) traded up 0.75% during midday trading on Thursday, hitting $21.62. 516,501 shares of the stock were exchanged. The firm has a market cap of $1.83 billion, a P/E ratio of 65.32 and a beta of 0.81. HMS Holdings Corp. has a 12-month low of $9.51 and a 12-month high of $24.00. The stock’s 50 day moving average is $21.93 and its 200 day moving average is $18.60.
HMS Holdings Corp. (NASDAQ:HMSY) last posted its 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. HMS Holdings Corp. had a net margin of 5.86% and a return on equity of 8.83%. The business had revenue of $123.60 million for the quarter, compared to analyst estimates of $116.85 million. During the same period last year, the business posted $0.13 EPS. HMS Holdings Corp.’s revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts forecast that HMS Holdings Corp. will post $0.69 earnings per share for the current fiscal year.
Several equities analysts recently commented on HMSY shares. TheStreet raised HMS Holdings Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Jefferies Group lowered HMS Holdings Corp. from a “buy” rating to a “hold” rating and raised their price objective 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. Finally, Zacks Investment Research raised HMS Holdings Corp. from a “sell” rating to a “hold” rating in a 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 stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.20.
In other news, Director Robert Becker bought 5,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were acquired at an average cost of $21.96 per share, for a total transaction of $109,800.00. Following the purchase, the director now owns 11,701 shares of the company’s stock, valued at approximately $256,953.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William C. Lucia sold 45,280 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were 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 owns 194,982 shares in the company, valued at $4,307,152.38. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate 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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