Public Employees Retirement Association of Colorado trimmed its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 15.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,686 shares of the business services provider’s stock after selling 2,963 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in HMS Holdings Corp were worth $331,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its position in HMS Holdings Corp by 80.4% during the second quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after purchasing an additional 2,492 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in HMS Holdings Corp during the second quarter worth $198,000. Oppenheimer & Co. Inc. boosted its position in HMS Holdings Corp by 1.9% during the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after purchasing an additional 200 shares in the last quarter. Amalgamated Bank boosted its position in HMS Holdings Corp by 3.8% during the second quarter. Amalgamated Bank now owns 11,574 shares of the business services provider’s stock worth $214,000 after purchasing an additional 419 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in HMS Holdings Corp during the second quarter worth $251,000. Institutional investors own 93.92% of the company’s stock.
Shares of HMS Holdings Corp (HMSY) opened at $15.77 on Wednesday. HMS Holdings Corp has a 12-month low of $11.01 and a 12-month high of $20.90. The stock has a market capitalization of $1,325.16, a price-to-earnings ratio of 30.31, a PEG ratio of 2.52 and a beta of 0.94.
HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, November 3rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). HMS Holdings Corp had a net margin of 4.94% and a return on equity of 7.93%. The company had revenue of $125.70 million during the quarter, compared to analysts’ expectations of $147.62 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. analysts forecast that HMS Holdings Corp will post 0.57 EPS for the current fiscal year.
HMS Holdings Corp declared that its board has authorized a stock buyback program on Friday, November 3rd that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
HMSY has been the topic of a number of research analyst reports. Robert W. Baird reiterated a “buy” rating and set a $22.00 target price on shares of HMS Holdings Corp in a research report on Thursday, August 31st. Jefferies Group LLC reiterated a “hold” rating and set a $21.50 target price on shares of HMS Holdings Corp in a research report on Wednesday, July 19th. Zacks Investment Research upgraded HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Tuesday, August 1st. BidaskClub downgraded HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Canaccord Genuity restated a “buy” rating and issued a $22.00 price objective on shares of HMS Holdings Corp in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. HMS Holdings Corp has an average rating of “Buy” and a consensus target price of $21.31.
In related news, Chairman William C. Lucia sold 29,894 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $20.00, for a total transaction of $597,880.00. Following the transaction, the chairman now directly owns 222,745 shares in the company, valued at $4,454,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Cynthia Nustad sold 22,907 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $17.64, for a total value of $404,079.48. Following the transaction, the executive vice president now owns 73,877 shares in the company, valued at $1,303,190.28. The disclosure for this sale can be found here. Insiders have sold 73,535 shares of company stock worth $1,368,537 over the last quarter. 3.20% of the stock is currently owned by company insiders.
About HMS Holdings Corp
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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