Citigroup Inc. Buys 11,726 Shares of HMS Holdings Corp (NASDAQ:HMSY)

Citigroup Inc. increased its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 20.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,990 shares of the business services provider’s stock after purchasing an additional 11,726 shares during the quarter. Citigroup Inc.’s holdings in HMS were worth $2,072,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Natixis Advisors L.P. lifted its holdings in shares of HMS by 3.2% during the fourth quarter. Natixis Advisors L.P. now owns 10,845 shares of the business services provider’s stock worth $305,000 after purchasing an additional 336 shares during the period. Redmond Asset Management LLC lifted its holdings in HMS by 0.8% in the fourth quarter. Redmond Asset Management LLC now owns 50,700 shares of the business services provider’s stock valued at $1,426,000 after acquiring an additional 400 shares during the period. Louisiana State Employees Retirement System lifted its holdings in HMS by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the business services provider’s stock valued at $945,000 after acquiring an additional 436 shares during the period. Cookson Peirce & Co. Inc. lifted its holdings in HMS by 1.3% in the first quarter. Cookson Peirce & Co. Inc. now owns 34,945 shares of the business services provider’s stock valued at $1,035,000 after acquiring an additional 445 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in HMS by 1.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,266 shares of the business services provider’s stock valued at $867,000 after acquiring an additional 494 shares during the period. 95.86% of the stock is owned by hedge funds and other institutional investors.

In other news, Chairman William C. Lucia sold 61,582 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $31.59, for a total value of $1,945,375.38. Following the completion of the transaction, the chairman now owns 172,878 shares in the company, valued at $5,461,216.02. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Meredith W. Bjorck sold 7,954 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $30.60, for a total value of $243,392.40. Following the completion of the transaction, the insider now owns 51,755 shares of the company’s stock, valued at approximately $1,583,703. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,670 shares of company stock valued at $5,662,198. Company insiders own 2.87% of the company’s stock.

HMSY has been the subject of a number of recent analyst reports. BidaskClub raised HMS from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Guggenheim initiated coverage on HMS in a report on Wednesday, April 17th. They issued a “buy” rating for the company. Zacks Investment Research raised HMS from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Thursday, May 9th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $34.00 target price on shares of HMS in a report on Friday, February 22nd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. HMS presently has an average rating of “Buy” and an average price target of $33.14.

Shares of HMSY stock opened at $30.55 on Friday. HMS Holdings Corp has a fifty-two week low of $21.46 and a fifty-two week high of $38.15. The firm has a market capitalization of $2.67 billion, a PE ratio of 32.64, a PEG ratio of 2.71 and a beta of 1.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.34 and a quick ratio of 5.34.

HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, May 3rd. The business services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.16. HMS had a return on equity of 14.02% and a net margin of 11.28%. The business had revenue of $148.00 million during the quarter, compared to analysts’ expectations of $144.13 million. During the same quarter last year, the business posted $0.22 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that HMS Holdings Corp will post 1.03 earnings per share for the current fiscal year.

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HMS Company Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.

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Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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