Scout Investments Inc. lessened its position in HMS Holdings Corp (NASDAQ:HMSY) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 141,596 shares of the business services provider’s stock after selling 16,723 shares during the period. Scout Investments Inc. owned about 0.17% of HMS worth $3,983,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Quadrant L P CA purchased a new stake in HMS during the third quarter valued at approximately $107,000. BlueMountain Capital Management LLC purchased a new stake in shares of HMS in the third quarter worth $146,000. Ibex Investors LLC purchased a new stake in shares of HMS in the third quarter worth $210,000. Jackson Financial Management purchased a new stake in shares of HMS in the third quarter worth $242,000. Finally, CAPROCK Group Inc. purchased a new stake in shares of HMS in the third quarter worth $246,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.
In other HMS news, Director William F. Miller III sold 5,100 shares of the stock in a transaction on Friday, December 14th. The shares were sold at an average price of $32.44, for a total transaction of $165,444.00. Following the completion of the transaction, the director now owns 159,018 shares in the company, valued at $5,158,543.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Greg D. Aunan sold 6,725 shares of the stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $35.76, for a total transaction of $240,486.00. Following the transaction, the senior vice president now owns 38,991 shares of the company’s stock, valued at approximately $1,394,318.16. The disclosure for this sale can be found here. Insiders have sold 1,193,745 shares of company stock valued at $41,545,016 in the last quarter. 4.54% of the stock is owned by company insiders.
Shares of NASDAQ:HMSY opened at $28.90 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.04 and a quick ratio of 4.04. HMS Holdings Corp has a fifty-two week low of $14.88 and a fifty-two week high of $38.15. The firm has a market cap of $2.55 billion, a P/E ratio of 67.21, a P/E/G ratio of 2.91 and a beta of 1.52.
HMS (NASDAQ:HMSY) last issued its earnings results on Friday, November 2nd. The business services provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. HMS had a net margin of 8.01% and a return on equity of 10.63%. The firm had revenue of $154.20 million during the quarter, compared to analyst estimates of $140.93 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. HMS’s revenue for the quarter was up 22.7% on a year-over-year basis. Research analysts anticipate that HMS Holdings Corp will post 0.86 earnings per share for the current year.
A number of equities analysts recently weighed in on HMSY shares. BidaskClub lowered shares of HMS from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 20th. ValuEngine lowered shares of HMS from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 17th. First Analysis upgraded shares of HMS from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $31.00 to $38.00 in a research report on Sunday, November 4th. Zacks Investment Research lowered shares of HMS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 5th. Finally, Cantor Fitzgerald upped their target price on shares of HMS to $31.00 and gave the stock a “neutral” rating in a research report on Monday, November 5th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $33.90.
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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