California Public Employees Retirement System raised its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,927 shares of the business services provider’s stock after purchasing an additional 4,372 shares during the period. California Public Employees Retirement System owned 0.23% of HMS worth $3,321,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Legal & General Group Plc lifted its holdings in HMS by 2.3% during the third quarter. Legal & General Group Plc now owns 163,028 shares of the business services provider’s stock valued at $3,239,000 after purchasing an additional 3,598 shares in the last quarter. American International Group Inc. lifted its stake in shares of HMS by 5.8% in the third quarter. American International Group Inc. now owns 66,447 shares of the business services provider’s stock worth $1,320,000 after buying an additional 3,632 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of HMS by 2.4% in the third quarter. Rhumbline Advisers now owns 167,052 shares of the business services provider’s stock worth $3,318,000 after buying an additional 3,870 shares in the last quarter. FDx Advisors Inc. lifted its stake in shares of HMS by 18.5% in the third quarter. FDx Advisors Inc. now owns 26,491 shares of the business services provider’s stock worth $526,000 after buying an additional 4,136 shares in the last quarter. Finally, Zions Bancorporation purchased a new position in shares of HMS in the third quarter worth about $116,000. 99.40% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on HMSY. BidaskClub raised shares of HMS from a “strong sell” rating to a “sell” rating in a research note on Thursday. ValuEngine downgraded shares of HMS from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded shares of HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Citigroup decreased their price target on shares of HMS from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Finally, Canaccord Genuity raised their price target on shares of HMS from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.50.
Shares of HMS Holdings Corp (NASDAQ:HMSY) opened at $17.46 on Friday. HMS Holdings Corp has a 12-month low of $11.01 and a 12-month high of $20.90. The stock has a market cap of $1,440.65, a PE ratio of 37.96, a P/E/G ratio of 2.44 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.16 and a current ratio of 3.16.
HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). HMS had a return on equity of 7.33% and a net margin of 7.56%. The firm had revenue of $148.49 million for the quarter, compared to analyst estimates of $136.77 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. HMS’s revenue for the quarter was up 18.2% on a year-over-year basis. analysts predict that HMS Holdings Corp will post 0.65 EPS for the current year.
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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