Teachers Advisors LLC increased its position in HMS Holdings Corp (NASDAQ:HMSY) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 719,907 shares of the business services provider’s stock after buying an additional 12,561 shares during the period. Teachers Advisors LLC owned approximately 0.86% of HMS Holdings Corp worth $14,636,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new stake in shares of HMS Holdings Corp during the first quarter worth approximately $108,000. LS Investment Advisors LLC boosted its stake in shares of HMS Holdings Corp by 48.3% in the first quarter. LS Investment Advisors LLC now owns 5,512 shares of the business services provider’s stock worth $112,000 after buying an additional 1,795 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of HMS Holdings Corp by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,954 shares of the business services provider’s stock worth $126,000 after buying an additional 165 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of HMS Holdings Corp during the first quarter worth approximately $148,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of HMS Holdings Corp by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 9,230 shares of the business services provider’s stock worth $187,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.
HMS Holdings Corp (NASDAQ:HMSY) traded down 2.52% during trading on Friday, hitting $18.96. The stock had a trading volume of 1,126,626 shares. The firm’s 50-day moving average price is $19.07 and its 200-day moving average price is $18.91. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 47.40 and a beta of 1.08. HMS Holdings Corp has a 52-week low of $15.94 and a 52-week high of $24.00.
HMS Holdings Corp (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. HMS Holdings Corp had a net margin of 6.92% and a return on equity of 9.70%. The business had revenue of $133.31 million during the quarter, compared to analysts’ expectations of $135.96 million. During the same quarter in the prior year, the firm earned $0.18 EPS. HMS Holdings Corp’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts predict that HMS Holdings Corp will post $0.81 EPS for the current fiscal year.
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A number of analysts have commented on the company. BidaskClub cut HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday. Jefferies Group LLC restated a “hold” rating and issued a $21.50 price target on shares of HMS Holdings Corp in a research report on Wednesday, July 19th. Canaccord Genuity assumed coverage on HMS Holdings Corp in a research report on Tuesday, July 11th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Cantor Fitzgerald assumed coverage on HMS Holdings Corp in a research report on Wednesday, June 14th. They issued an “overweight” rating and a $23.00 price target for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $23.06.
In other HMS Holdings Corp news, Director Bart M. Schwartz purchased 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average price of $19.28 per share, for a total transaction of $28,920.00. Following the purchase, the director now directly owns 46,868 shares in the company, valued at $903,615.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Semone Neuman sold 14,546 shares of HMS Holdings Corp stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $19.00, for a total value of $276,374.00. Following the completion of the transaction, the executive vice president now owns 122,685 shares of the company’s stock, valued at approximately $2,331,015. The disclosure for this sale can be found here. 3.20% of the stock is owned by 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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