Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 133.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,126 shares of the business services provider’s stock after buying an additional 20,660 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in HMS Holdings Corp were worth $668,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Oppenheimer & Co. Inc. lifted its holdings in HMS Holdings Corp by 1.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after buying an additional 200 shares during the period. Scout Investments Inc. lifted its holdings in HMS Holdings Corp by 3.9% during the 2nd quarter. Scout Investments Inc. now owns 145,350 shares of the business services provider’s stock worth $2,689,000 after buying an additional 5,425 shares during the period. Principal Financial Group Inc. lifted its holdings in HMS Holdings Corp by 2.2% during the 2nd quarter. Principal Financial Group Inc. now owns 685,250 shares of the business services provider’s stock worth $12,677,000 after buying an additional 15,029 shares during the period. Bridge City Capital LLC acquired a new position in HMS Holdings Corp during the 2nd quarter worth about $611,000. Finally, Tygh Capital Management Inc. lifted its holdings in HMS Holdings Corp by 28.6% during the 2nd quarter. Tygh Capital Management Inc. now owns 351,333 shares of the business services provider’s stock worth $6,500,000 after buying an additional 78,047 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Semone Neuman sold 20,734 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $17.68, for a total transaction of $366,577.12. Following the completion of the sale, the executive vice president now directly owns 96,722 shares in the company, valued at $1,710,044.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Cynthia Nustad sold 22,907 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $17.64, for a total transaction of $404,079.48. Following the sale, the executive vice president now owns 73,877 shares of the company’s stock, valued at $1,303,190.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,781 shares of company stock valued at $1,004,286. 3.20% of the stock is currently owned by company insiders.
HMS Holdings Corp (NASDAQ HMSY) opened at 19.24 on Friday. The stock has a 50 day moving average price of $18.16 and a 200 day moving average price of $18.84. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 54.81 and a beta of 1.10. HMS Holdings Corp has a 52-week low of $15.94 and a 52-week high of $23.06.
HMS Holdings Corp (NASDAQ:HMSY) last posted its earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $133.31 million for the quarter, compared to analysts’ expectations of $135.96 million. HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. Equities research analysts forecast that HMS Holdings Corp will post $0.81 earnings per share for the current year.
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Several research analysts have commented on HMSY shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $21.50 target price on shares of HMS Holdings Corp in a report on Friday, June 16th. Robert W. Baird reaffirmed a “buy” rating and set a $22.00 target price on shares of HMS Holdings Corp in a report on Thursday, August 31st. Canaccord Genuity started coverage on HMS Holdings Corp in a report on Tuesday, July 11th. They set a “buy” rating and a $22.00 target price on the stock. Cantor Fitzgerald started coverage on HMS Holdings Corp in a report on Wednesday, June 14th. They set an “overweight” rating and a $23.00 target price on the stock. Finally, Zacks Investment Research raised HMS Holdings Corp from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. HMS Holdings Corp presently has an average rating of “Buy” and an average price target of $22.94.
HMS Holdings Corp 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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