Mackay Shields LLC cut its holdings in HMS Holdings Corp (NASDAQ:HMSY) by 13.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 133,559 shares of the business services provider’s stock after selling 20,700 shares during the period. Mackay Shields LLC’s holdings in HMS were worth $4,603,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HMSY. Scout Investments Inc. lifted its holdings in HMS by 64.1% in the second quarter. Scout Investments Inc. now owns 225,021 shares of the business services provider’s stock valued at $7,288,000 after acquiring an additional 87,864 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new position in HMS in the second quarter valued at approximately $212,000. Louisiana State Employees Retirement System lifted its holdings in HMS by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the business services provider’s stock valued at $1,086,000 after acquiring an additional 600 shares during the last quarter. OLD National Bancorp IN acquired a new position in HMS in the second quarter valued at approximately $352,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in HMS by 4.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 33,997 shares of the business services provider’s stock valued at $1,101,000 after acquiring an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 96.50% of the company’s stock.
A number of research analysts recently commented on the company. Canaccord Genuity upped their price objective on HMS from $39.00 to $46.00 and gave the company a “buy” rating in a report on Monday, August 5th. Credit Suisse Group decreased their price objective on HMS from $45.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. BidaskClub cut HMS from a “hold” rating to a “sell” rating in a report on Saturday, October 26th. Guggenheim cut HMS from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research note on Thursday, August 22nd. Finally, Svb Leerink restated an “outperform” rating and set a $50.00 price target on shares of HMS in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. HMS currently has an average rating of “Buy” and a consensus target price of $40.76.
NASDAQ:HMSY traded up $0.39 during trading hours on Friday, reaching $27.17. 590,200 shares of the stock were exchanged, compared to its average volume of 580,870. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 2.31 and a beta of 1.16. The business has a 50-day moving average of $33.14 and a two-hundred day moving average of $33.52. The company has a quick ratio of 6.72, a current ratio of 6.68 and a debt-to-equity ratio of 0.31. HMS Holdings Corp has a twelve month low of $24.43 and a twelve month high of $40.67.
HMS (NASDAQ:HMSY) last posted its earnings results on Friday, November 1st. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The firm had revenue of $146.82 million for the quarter, compared to analyst estimates of $165.79 million. HMS had a return on equity of 14.28% and a net margin of 16.69%. HMS’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share. On average, research analysts forecast that HMS Holdings Corp will post 1.06 EPS for the current fiscal year.
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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