Rhumbline Advisers lifted its holdings in shares of HMS Holdings Corp (NASDAQ:HMSY) by 2.0% in the second quarter, HoldingsChannel reports. The fund owned 199,855 shares of the business services provider’s stock after purchasing an additional 3,978 shares during the period. Rhumbline Advisers’ holdings in HMS were worth $4,321,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of HMS during the first quarter valued at approximately $142,000. Sandy Spring Bank bought a new position in HMS in the second quarter worth $188,000. Intrust Bank NA bought a new position in HMS in the first quarter worth $210,000. Stifel Financial Corp bought a new position in HMS in the first quarter worth $210,000. Finally, Bbva Compass Bancshares Inc. bought a new position in HMS in the second quarter worth $257,000. Institutional investors own 96.16% of the company’s stock.
In other news, Chairman William C. Lucia sold 69,818 shares of the stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $24.05, for a total value of $1,679,122.90. Following the sale, the chairman now directly owns 181,400 shares of the company’s stock, valued at $4,362,670. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.54% of the company’s stock.
A number of research firms have issued reports on HMSY. Credit Suisse Group increased their price objective on HMS from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. ValuEngine upgraded HMS from a “buy” rating to a “strong-buy” rating in a report on Monday, August 13th. Zacks Investment Research upgraded HMS from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Thursday, August 9th. BidaskClub upgraded HMS from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 7th. Finally, Cantor Fitzgerald increased their price objective on HMS from $19.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, August 6th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. HMS has an average rating of “Buy” and an average target price of $30.44.
NASDAQ HMSY opened at $32.34 on Wednesday. HMS Holdings Corp has a 12 month low of $11.01 and a 12 month high of $32.50. The firm has a market capitalization of $2.68 billion, a PE ratio of 75.21, a P/E/G ratio of 3.83 and a beta of 1.11. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.87 and a current ratio of 3.87.
HMS (NASDAQ:HMSY) last released its earnings results on Friday, August 3rd. The business services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. HMS had a return on equity of 5.47% and a net margin of 6.25%. The firm had revenue of $146.80 million for the quarter, compared to analysts’ expectations of $139.22 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. equities analysts anticipate that HMS Holdings Corp will post 0.76 earnings per share for the current year.
HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.
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