Tudor Investment Corp ET AL reduced its stake in HMS Holdings Corp (NASDAQ:HMSY) by 24.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,865 shares of the business services provider’s stock after selling 11,319 shares during the period. Tudor Investment Corp ET AL’s holdings in HMS Holdings Corp were worth $664,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Riverhead Capital Management LLC increased its holdings in HMS Holdings Corp by 80.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 2,492 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of HMS Holdings Corp in the 1st quarter worth about $148,000. Fox Run Management L.L.C. bought a new stake in shares of HMS Holdings Corp in the 2nd quarter worth about $198,000. Oppenheimer & Co. Inc. increased its holdings in shares of HMS Holdings Corp by 1.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after buying an additional 200 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of HMS Holdings Corp by 3.8% in the 2nd quarter. Amalgamated Bank now owns 11,574 shares of the business services provider’s stock worth $214,000 after buying an additional 419 shares during the last quarter. Institutional investors own 92.95% of the company’s stock.
HMS Holdings Corp (NASDAQ HMSY) opened at 18.99 on Wednesday. HMS Holdings Corp has a 1-year low of $15.94 and a 1-year high of $22.05. The stock has a 50 day moving average of $18.97 and a 200 day moving average of $19.00. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 54.10 and a beta of 1.14.
HMS Holdings Corp (NASDAQ:HMSY) last released its earnings results on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The business had revenue of $133.31 million for the quarter, compared to analysts’ expectations of $135.96 million. During the same quarter last year, the company posted $0.18 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts expect that HMS Holdings Corp will post $0.81 earnings per share for the current year.
HMSY has been the topic of a number of research reports. Robert W. Baird restated a “buy” rating and issued a $22.00 target price on shares of HMS Holdings Corp in a report on Thursday, August 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $21.50 price target on shares of HMS Holdings Corp in a research note on Wednesday, July 19th. Canaccord Genuity assumed coverage on shares of HMS Holdings Corp in a research report on Tuesday, July 11th. They issued a “buy” rating and a $22.00 price objective for the company. Zacks Investment Research raised shares of HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, August 1st. Finally, BidaskClub cut shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $22.94.
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In related news, Chairman William C. Lucia sold 29,894 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $20.00, for a total transaction of $597,880.00. Following the transaction, the chairman now directly owns 222,745 shares in the company, valued at $4,454,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas M. Williams sold 13,140 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $17.78, for a total value of $233,629.20. Following the transaction, the insider now owns 121,264 shares in the company, valued at $2,156,073.92. The disclosure for this sale can be found here. Insiders have sold 86,675 shares of company stock worth $1,602,166 over the last 90 days. 3.20% of the stock is currently owned by company insiders.
HMS Holdings Corp Profile
HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate.
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