Comerica Bank increased its position in HMS Holdings Corp (NASDAQ:HMSY) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,505 shares of the business services provider’s stock after purchasing an additional 2,947 shares during the quarter. Comerica Bank owned approximately 0.10% of HMS worth $2,610,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Natixis Advisors L.P. grew its position in shares of HMS by 3.2% during the 4th quarter. Natixis Advisors L.P. now owns 10,845 shares of the business services provider’s stock worth $305,000 after buying an additional 336 shares during the period. Redmond Asset Management LLC grew its position in shares of HMS by 0.8% during the 4th quarter. Redmond Asset Management LLC now owns 50,700 shares of the business services provider’s stock worth $1,426,000 after buying an additional 400 shares during the period. Louisiana State Employees Retirement System grew its position in shares of HMS by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the business services provider’s stock worth $945,000 after buying an additional 436 shares during the period. Cookson Peirce & Co. Inc. grew its position in shares of HMS by 1.3% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 34,945 shares of the business services provider’s stock worth $1,035,000 after buying an additional 445 shares during the period. Finally, State of Alaska Department of Revenue grew its position in shares of HMS by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 28,058 shares of the business services provider’s stock worth $789,000 after buying an additional 525 shares during the period. Hedge funds and other institutional investors own 95.86% of the company’s stock.
In other HMS news, Chairman William C. Lucia sold 59,862 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $30.31, for a total value of $1,814,417.22. Following the sale, the chairman now owns 182,397 shares in the company, valued at approximately $5,528,453.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Meredith W. Bjorck sold 2,362 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $30.10, for a total value of $71,096.20. Following the completion of the sale, the insider now owns 51,755 shares in the company, valued at approximately $1,557,825.50. The disclosure for this sale can be found here. Insiders sold a total of 182,670 shares of company stock worth $5,662,198 in the last 90 days. Company insiders own 2.87% of the company’s stock.
Several equities analysts have recently issued reports on HMSY shares. Zacks Investment Research lowered HMS from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Cantor Fitzgerald restated a “hold” rating and set a $34.00 target price on shares of HMS in a research report on Friday, February 22nd. BidaskClub lowered HMS from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, William Blair reiterated an “outperform” rating on shares of HMS in a research report on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $33.14.
Shares of HMSY traded down $0.31 on Friday, hitting $30.24. The company’s stock had a trading volume of 240,715 shares, compared to its average volume of 576,383. The firm has a market capitalization of $2.67 billion, a PE ratio of 36.00, a P/E/G ratio of 2.71 and a beta of 1.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.34 and a current ratio of 5.34. HMS Holdings Corp has a fifty-two week low of $21.46 and a fifty-two week high of $38.15.
HMS (NASDAQ:HMSY) last released its earnings results on Friday, May 3rd. The business services provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.16. The firm had revenue of $148.00 million for the quarter, compared to analysts’ expectations of $144.13 million. HMS had a return on equity of 14.02% and a net margin of 11.28%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. Equities research analysts predict that HMS Holdings Corp will post 1.03 EPS for the current fiscal year.
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HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.
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