Rathbone Brothers plc Takes Position in HMS Holdings Corp (HMSY)

Rathbone Brothers plc bought a new position in HMS Holdings Corp (NASDAQ:HMSY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,200 shares of the business services provider’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in shares of HMS by 0.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 36,087 shares of the business services provider’s stock worth $668,000 after purchasing an additional 259 shares in the last quarter. Amalgamated Bank increased its position in shares of HMS by 3.8% in the second quarter. Amalgamated Bank now owns 11,574 shares of the business services provider’s stock worth $214,000 after acquiring an additional 419 shares in the last quarter. Profund Advisors LLC increased its position in shares of HMS by 9.1% in the second quarter. Profund Advisors LLC now owns 15,829 shares of the business services provider’s stock worth $293,000 after acquiring an additional 1,320 shares in the last quarter. Bank of Nova Scotia increased its position in shares of HMS by 5.5% in the second quarter. Bank of Nova Scotia now owns 41,635 shares of the business services provider’s stock worth $770,000 after acquiring an additional 2,160 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its position in shares of HMS by 80.4% in the second quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after acquiring an additional 2,492 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

HMSY has been the topic of several analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $22.00 target price on shares of HMS in a research report on Monday, October 30th. Jefferies Group reissued a “neutral” rating on shares of HMS in a research report on Sunday, November 5th. Zacks Investment Research downgraded shares of HMS from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Robert W. Baird reissued a “buy” rating and issued a $17.00 target price on shares of HMS in a research report on Friday, November 10th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $16.00 target price on shares of HMS in a research report on Sunday, November 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $20.39.

HMS Holdings Corp (NASDAQ HMSY) opened at $17.41 on Friday. HMS Holdings Corp has a 1 year low of $11.01 and a 1 year high of $20.90. The company has a market cap of $1,474.83, a P/E ratio of 33.73, a P/E/G ratio of 2.58 and a beta of 0.88.

HMS (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, November 3rd. The business services provider reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). HMS had a net margin of 4.94% and a return on equity of 7.93%. The company had revenue of $125.70 million for the quarter, compared to analysts’ expectations of $147.62 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. sell-side analysts predict that HMS Holdings Corp will post 0.55 EPS for the current fiscal year.

HMS declared that its Board of Directors has approved a share buyback plan on Friday, November 3rd that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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HMS 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.

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Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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