Cambiar Investors LLC cut its holdings in shares of HMS Holdings Corp (NASDAQ:HMSY) by 22.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 624,993 shares of the business services provider’s stock after selling 180,166 shares during the period. Cambiar Investors LLC owned 0.74% of HMS Holdings Corp worth $12,412,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of HMS Holdings Corp by 50.3% during the third quarter. BNP Paribas Arbitrage SA now owns 44,044 shares of the business services provider’s stock worth $875,000 after acquiring an additional 14,737 shares during the last quarter. FDx Advisors Inc. grew its position in HMS Holdings Corp by 18.5% in the 3rd quarter. FDx Advisors Inc. now owns 26,491 shares of the business services provider’s stock valued at $526,000 after buying an additional 4,136 shares during the last quarter. Pitcairn Co. purchased a new position in HMS Holdings Corp in the 3rd quarter valued at $203,000. Asymmetry Capital Management L.P. purchased a new position in HMS Holdings Corp in the 3rd quarter valued at $2,818,000. Finally, Tygh Capital Management Inc. grew its position in HMS Holdings Corp by 7.3% in the 3rd quarter. Tygh Capital Management Inc. now owns 376,894 shares of the business services provider’s stock valued at $7,485,000 after buying an additional 25,561 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.
HMS Holdings Corp (HMSY) traded up $0.10 during midday trading on Thursday, hitting $16.17. 477,500 shares of the stock were exchanged, compared to its average volume of 512,298. HMS Holdings Corp has a one year low of $11.01 and a one year high of $20.90. The firm has a market cap of $1,351.22, a P/E ratio of 30.90, a P/E/G ratio of 2.57 and a beta of 0.94.
HMS Holdings Corp (NASDAQ:HMSY) last issued its earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). HMS Holdings Corp had a return on equity of 7.93% and a net margin of 4.94%. The firm had revenue of $125.70 million for the quarter, compared to analysts’ expectations of $147.62 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities analysts expect that HMS Holdings Corp will post 0.57 earnings per share for the current fiscal year.
HMS Holdings Corp declared that its Board of Directors has initiated a share buyback plan on Friday, November 3rd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
HMSY has been the subject of several research reports. BidaskClub downgraded HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Canaccord Genuity cut their price target on HMS Holdings Corp from $22.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, November 6th. Jefferies Group LLC reissued a “neutral” rating on shares of HMS Holdings Corp in a research note on Sunday, November 5th. Zacks Investment Research raised shares of HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, August 1st. Finally, Robert W. Baird reissued a “buy” rating on shares of HMS Holdings Corp in a research note on Sunday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $20.44.
In other HMS Holdings Corp news, EVP Semone Neuman sold 20,734 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $17.68, for a total value of $366,577.12. Following the completion of the transaction, the executive vice president now owns 96,722 shares in the company, valued at approximately $1,710,044.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman William C. Lucia sold 29,894 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $20.00, for a total value of $597,880.00. Following the completion of the transaction, the chairman now directly owns 222,745 shares in the company, valued at $4,454,900. The disclosure for this sale can be found here. Insiders have sold a total of 73,535 shares of company stock valued at $1,368,537 in the last quarter. Company insiders own 3.20% 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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