Ameriprise Financial Inc. grew its holdings in shares of HMS Holdings Corp (NASDAQ:HMSY) by 12.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 495,084 shares of the business services provider’s stock after purchasing an additional 52,866 shares during the quarter. Ameriprise Financial Inc. owned about 0.59% of HMS worth $9,832,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its holdings in HMS by 80.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after acquiring an additional 2,492 shares during the period. Koch Industries Inc. bought a new position in HMS in the 2nd quarter worth $197,000. Oppenheimer & Co. Inc. raised its holdings in HMS 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 acquiring an additional 200 shares during the period. Pitcairn Co. bought a new position in HMS in the 3rd quarter worth $203,000. Finally, Amalgamated Bank raised its holdings in HMS 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 acquiring an additional 419 shares during the period. Institutional investors and hedge funds own 95.93% of the company’s stock.
HMS Holdings Corp (NASDAQ HMSY) remained flat at $$17.83 during trading hours on Friday. The stock had a trading volume of 369,113 shares, compared to its average volume of 590,970. HMS Holdings Corp has a 52 week low of $11.01 and a 52 week high of $20.90. The company has a market cap of $1,500.00, a P/E ratio of 61.48, a P/E/G ratio of 2.62 and a beta of 0.88.
HMS (NASDAQ:HMSY) last posted its quarterly earnings data on Friday, November 3rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). HMS had a return on equity of 7.93% and a net margin of 4.94%. The company had revenue of $125.70 million for the quarter, compared to the consensus estimate of $147.62 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. analysts forecast that HMS Holdings Corp will post 0.55 earnings per share for the current year.
HMS declared that its board has initiated a stock repurchase program on Friday, November 3rd that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
HMSY has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of HMS in a report on Thursday, January 4th. They issued a “neutral” rating on the stock. Robert W. Baird reiterated a “buy” rating on shares of HMS in a report on Sunday, November 19th. Canaccord Genuity reiterated a “buy” rating and issued a $22.00 target price on shares of HMS in a report on Monday, October 30th. Jefferies Group reiterated a “neutral” rating on shares of HMS in a report on Sunday, November 5th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $16.00 target price on shares of HMS in a report on Sunday, November 19th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $20.39.
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HMS Company 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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