389,400 Shares in HMS Holdings Corp (HMSY) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new position in HMS Holdings Corp (NASDAQ:HMSY) in the third quarter, HoldingsChannel reports. The firm purchased 389,400 shares of the business services provider’s stock, valued at approximately $12,776,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new position in HMS in the 2nd quarter worth approximately $176,000. Northern Trust Corp boosted its holdings in HMS by 1.4% in the 2nd quarter. Northern Trust Corp now owns 1,133,001 shares of the business services provider’s stock worth $24,495,000 after acquiring an additional 15,596 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in HMS by 5.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 592,499 shares of the business services provider’s stock worth $12,810,000 after acquiring an additional 29,548 shares during the period. Trexquant Investment LP purchased a new position in HMS in the 2nd quarter worth approximately $232,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in HMS by 20.9% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 65,835 shares of the business services provider’s stock worth $1,423,000 after acquiring an additional 11,370 shares during the period. Hedge funds and other institutional investors own 95.24% of the company’s stock.

A number of equities analysts have weighed in on HMSY shares. BidaskClub upgraded HMS from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 7th. Leerink Swann upped their price target on HMS from $25.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, August 6th. Zacks Investment Research upgraded HMS from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Thursday, August 9th. Citigroup upped their price target on HMS from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, July 13th. Finally, Chardan Capital started coverage on HMS in a report on Thursday, September 13th. They issued a “neutral” rating and a $35.00 price target for the company. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $32.64.

HMS stock opened at $36.74 on Friday. The company has a market cap of $3.00 billion, a PE ratio of 85.44, a price-to-earnings-growth ratio of 4.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.04 and a quick ratio of 3.87. HMS Holdings Corp has a 52 week low of $14.88 and a 52 week high of $38.15.

HMS (NASDAQ:HMSY) last released its earnings results on Friday, November 2nd. The business services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.10. The company had revenue of $154.20 million during the quarter, compared to analysts’ expectations of $140.93 million. HMS had a return on equity of 10.63% and a net margin of 8.01%. The business’s revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. As a group, analysts forecast that HMS Holdings Corp will post 0.85 earnings per share for the current year.

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HMS Company Profile

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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Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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