Goldman Sachs Group Inc. raised its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,859,764 shares of the business services provider’s stock after purchasing an additional 11,647 shares during the quarter. Goldman Sachs Group Inc. owned about 2.21% of HMS worth $31,523,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Deutsche Bank AG increased its stake in shares of HMS by 25.0% in the fourth quarter. Deutsche Bank AG now owns 572,921 shares of the business services provider’s stock worth $9,708,000 after acquiring an additional 114,563 shares during the period. Jefferies Group LLC acquired a new stake in shares of HMS in the fourth quarter worth $311,000. Thrivent Financial For Lutherans increased its stake in shares of HMS by 1.3% in the fourth quarter. Thrivent Financial For Lutherans now owns 556,868 shares of the business services provider’s stock worth $9,439,000 after acquiring an additional 7,098 shares during the period. Koch Industries Inc. acquired a new stake in shares of HMS in the fourth quarter worth $227,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of HMS in the fourth quarter worth $430,000. Institutional investors and hedge funds own 99.42% of the company’s stock.
A number of analysts have recently weighed in on the stock. BidaskClub upgraded shares of HMS from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 15th. Citigroup cut their price objective on shares of HMS from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Cantor Fitzgerald reiterated a “hold” rating and issued a $17.00 price objective on shares of HMS in a research note on Friday, February 23rd. Wells Fargo reiterated an “outperform” rating and issued a $20.00 price objective (down previously from $25.50) on shares of HMS in a research note on Wednesday, November 29th. Finally, Zacks Investment Research lowered shares of HMS from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. HMS currently has an average rating of “Hold” and a consensus target price of $20.50.
Shares of HMS Holdings Corp (NASDAQ:HMSY) opened at $16.73 on Friday. The company has a market cap of $1,407.49, a price-to-earnings ratio of 34.65, a P/E/G ratio of 2.38 and a beta of 0.86. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.40. HMS Holdings Corp has a 52-week low of $11.01 and a 52-week high of $20.90.
HMS (NASDAQ:HMSY) last released its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). The firm had revenue of $148.49 million for the quarter, compared to analyst estimates of $136.77 million. HMS had a net margin of 7.56% and a return on equity of 7.33%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 EPS. equities analysts expect that HMS Holdings Corp will post 0.65 EPS for the current year.
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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