Stifel Financial Corp boosted its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 9.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,280 shares of the business services provider’s stock after purchasing an additional 941 shares during the period. Stifel Financial Corp’s holdings in HMS were worth $319,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund purchased a new position in shares of HMS during the 4th quarter valued at $32,000. We Are One Seven LLC purchased a new position in shares of HMS during the 4th quarter valued at $84,000. LS Investment Advisors LLC grew its holdings in shares of HMS by 80.0% during the 4th quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 2,230 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of HMS during the 3rd quarter valued at $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of HMS by 11.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,826 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.
HMSY stock opened at $28.70 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.40 and a quick ratio of 4.40. HMS Holdings Corp has a 1 year low of $17.11 and a 1 year high of $38.15. The firm has a market capitalization of $2.64 billion, a P/E ratio of 34.17, a price-to-earnings-growth ratio of 2.84 and a beta of 1.61.
HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, February 22nd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. HMS had a net margin of 9.19% and a return on equity of 14.21%. The business had revenue of $155.80 million during the quarter, compared to analyst estimates of $155.84 million. During the same quarter in the previous year, the business earned $0.24 EPS. HMS’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts forecast that HMS Holdings Corp will post 0.97 earnings per share for the current year.
In related news, CFO Jeffrey Scott Sherman sold 268,426 shares of HMS stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $34.55, for a total value of $9,274,118.30. Following the completion of the sale, the chief financial officer now owns 218,253 shares of the company’s stock, valued at approximately $7,540,641.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bart M. Schwartz sold 20,000 shares of HMS stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $32.41, for a total transaction of $648,200.00. Following the completion of the sale, the director now directly owns 74,874 shares of the company’s stock, valued at approximately $2,426,666.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,018,795 shares of company stock valued at $35,023,853. 4.54% of the stock is owned by company insiders.
Several research firms have recently commented on HMSY. Cantor Fitzgerald upgraded shares of HMS from a “neutral” rating to an “overweight” rating in a report on Tuesday. Zacks Investment Research cut shares of HMS from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, BidaskClub upgraded shares of HMS from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.50.
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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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