OppenheimerFunds Inc. Has $437,000 Position in HMS Holdings Corp (HMSY)

OppenheimerFunds Inc. raised its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 29.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,480 shares of the business services provider’s stock after buying an additional 4,850 shares during the period. OppenheimerFunds Inc.’s holdings in HMS Holdings Corp were worth $437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HMSY. Van Berkom & Associates Inc. increased its position in HMS Holdings Corp by 15.9% in the first quarter. Van Berkom & Associates Inc. now owns 3,225,379 shares of the business services provider’s stock worth $65,572,000 after buying an additional 441,300 shares during the period. American Capital Management Inc. increased its position in HMS Holdings Corp by 8.6% in the first quarter. American Capital Management Inc. now owns 2,383,008 shares of the business services provider’s stock worth $48,447,000 after buying an additional 189,085 shares during the period. Pembroke Management LTD increased its position in HMS Holdings Corp by 2.5% in the first quarter. Pembroke Management LTD now owns 2,049,796 shares of the business services provider’s stock worth $41,672,000 after buying an additional 50,600 shares during the period. State Street Corp increased its position in HMS Holdings Corp by 9.8% in the fourth quarter. State Street Corp now owns 2,039,299 shares of the business services provider’s stock worth $37,030,000 after buying an additional 182,042 shares during the period. Finally, Norges Bank acquired a new position in HMS Holdings Corp during the fourth quarter worth $21,392,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Shares of HMS Holdings Corp (HMSY) opened at 18.63 on Tuesday. The firm has a 50-day moving average of $18.65 and a 200-day moving average of $18.81. The firm has a market cap of $1.56 billion, a PE ratio of 46.57 and a beta of 1.06. 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 posted its earnings results on Wednesday, May 10th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. HMS Holdings Corp had a return on equity of 9.70% and a net margin of 6.92%. The firm had revenue of $114.50 million during the quarter, compared to the consensus estimate of $120.08 million. During the same quarter in the previous year, the company earned $0.14 EPS. The business’s revenue was down 4.4% compared to the same quarter last year. On average, analysts expect that HMS Holdings Corp will post $0.81 EPS for the current year.

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HMSY has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $22.00 target price (up previously from $19.00) on shares of HMS Holdings Corp in a research report on Thursday, April 13th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $26.00 price target (up previously from $24.00) on shares of HMS Holdings Corp in a research note on Friday, March 31st. Zacks Investment Research upgraded shares of HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Friday, April 14th. Canaccord Genuity began coverage on shares of HMS Holdings Corp in a research note on Tuesday, July 11th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Cantor Fitzgerald began coverage on shares of HMS Holdings Corp in a research note on Wednesday, June 14th. They issued an “overweight” rating and a $23.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $23.06.

In other news, Director Bart M. Schwartz bought 1,500 shares of HMS Holdings Corp stock in a transaction dated 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 approximately $903,615.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Semone Neuman sold 14,546 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $19.00, for a total transaction of $276,374.00. Following the completion of the sale, 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. Corporate insiders own 3.20% of the company’s stock.

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.

Institutional Ownership by Quarter for HMS Holdings Corp (NASDAQ:HMSY)

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