HMS Holdings Corp (HMSY) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its stake in HMS Holdings Corp (NASDAQ:HMSY) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,491,134 shares of the business services provider’s stock after selling 47,499 shares during the quarter. Mackenzie Financial Corp owned about 2.96% of HMS worth $49,474,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its holdings in HMS by 80.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 2,492 shares during the period. Pitcairn Co. bought a new position in HMS in the 3rd quarter valued at about $203,000. Oppenheimer & Co. Inc. raised its holdings in HMS by 1.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 200 shares during the period. Hartford Investment Management Co. bought a new position in HMS in the 3rd quarter valued at about $228,000. Finally, Amalgamated Bank raised its holdings in HMS by 3.8% in the 2nd quarter. Amalgamated Bank now owns 11,574 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 419 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Chairman William C. Lucia sold 29,894 shares of the firm’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 transaction of $597,880.00. Following the transaction, the chairman now directly owns 222,745 shares of the company’s stock, valued at $4,454,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is currently owned by company insiders.

Several research firms have weighed in on HMSY. BidaskClub raised shares of HMS from a “sell” rating to a “hold” rating in a report on Wednesday. UBS raised shares of HMS from an “outperform” rating to a “strong-buy” rating in a report on Thursday, August 10th. Wells Fargo & Company reissued an “outperform” rating and issued a $20.00 price target (down from $25.50) on shares of HMS in a report on Wednesday, November 29th. Raymond James Financial raised shares of HMS from an “outperform” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a report on Thursday, August 10th. Finally, Zacks Investment Research cut shares of HMS from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $20.39.

HMS Holdings Corp (HMSY) opened at $16.84 on Wednesday. HMS Holdings Corp has a fifty-two week low of $11.01 and a fifty-two week high of $20.90. The company has a market cap of $1,431.10, a P/E ratio of 32.73, a PEG ratio of 2.83 and a beta of 0.87.

HMS (NASDAQ:HMSY) last announced its earnings results on Friday, November 3rd. The business services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). HMS had a return on equity of 7.93% and a net margin of 4.94%. The business had revenue of $125.70 million for the quarter, compared to the consensus estimate of $147.62 million. During the same period in the prior year, the business posted $0.24 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities analysts predict that HMS Holdings Corp will post 0.55 EPS for the current fiscal year.

HMS declared that its Board of Directors has approved a stock buyback program on Friday, November 3rd that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

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HMS 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.

Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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