GSA Capital Partners LLP raised its holdings in shares of HMS Holdings Corp (NASDAQ:HMSY) by 171.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,073 shares of the business services provider’s stock after purchasing an additional 63,198 shares during the period. GSA Capital Partners LLP owned about 0.12% of HMS worth $1,987,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in HMSY. Riverhead Capital Management LLC increased its stake in HMS by 80.4% during the second quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 2,492 shares during the last quarter. Zions Bancorporation bought a new stake in HMS during the third quarter valued at $116,000. Koch Industries Inc. bought a new stake in HMS during the second quarter valued at $197,000. Oppenheimer & Co. Inc. increased its stake in HMS by 1.9% during the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock valued at $201,000 after purchasing an additional 200 shares during the last quarter. Finally, Pitcairn Co. bought a new stake in HMS during the third quarter valued at $203,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.
Several analysts have weighed in on the stock. BidaskClub lowered shares of HMS from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Cantor Fitzgerald reiterated a “buy” rating and set a $23.00 target price on shares of HMS in a research note on Tuesday, September 26th. Wells Fargo & Company reiterated an “outperform” rating and set a $20.00 target price (down previously from $25.50) on shares of HMS in a research note on Wednesday, November 29th. Robert W. Baird reiterated a “buy” rating on shares of HMS in a research note on Sunday, November 19th. Finally, Zacks Investment Research lowered shares of HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. HMS currently has a consensus rating of “Buy” and an average target price of $20.39.
HMS (NASDAQ:HMSY) last released its quarterly earnings results on Friday, November 3rd. The business services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $125.70 million for the quarter, compared to the consensus estimate of $147.62 million. HMS had a return on equity of 7.93% and a net margin of 4.94%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. sell-side analysts forecast that HMS Holdings Corp will post 0.55 earnings per share for the current fiscal year.
HMS declared that its Board of Directors has initiated a share buyback plan on Friday, November 3rd that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In other news, Chairman William C. Lucia sold 29,894 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $20.00, for a total transaction of $597,880.00. Following the completion of the transaction, the chairman now owns 222,745 shares in the company, valued at $4,454,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.
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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