HMS Holdings Corp (HMSY) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in HMS Holdings Corp (NASDAQ:HMSY) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,151,326 shares of the business services provider’s stock after selling 29,589 shares during the period. Bank of New York Mellon Corp owned about 1.37% of HMS Holdings Corp worth $21,299,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in HMS Holdings Corp in the second quarter valued at approximately $251,000. Wrapmanager Inc. lifted its stake in HMS Holdings Corp by 21.5% in the second quarter. Wrapmanager Inc. now owns 16,401 shares of the business services provider’s stock valued at $303,000 after purchasing an additional 2,899 shares during the last quarter. First Trust Advisors LP lifted its stake in HMS Holdings Corp by 26.8% in the second quarter. First Trust Advisors LP now owns 45,270 shares of the business services provider’s stock valued at $837,000 after purchasing an additional 9,562 shares during the last quarter. Arizona State Retirement System lifted its stake in HMS Holdings Corp by 0.5% in the second quarter. Arizona State Retirement System now owns 43,697 shares of the business services provider’s stock valued at $808,000 after purchasing an additional 200 shares during the last quarter. Finally, Granite Investment Partners LLC lifted its stake in HMS Holdings Corp by 22.1% in the second quarter. Granite Investment Partners LLC now owns 78,414 shares of the business services provider’s stock valued at $1,451,000 after purchasing an additional 14,198 shares during the last quarter. Institutional investors and hedge funds own 93.04% of the company’s stock.

Several equities analysts recently commented on HMSY shares. Robert W. Baird reiterated a “buy” rating and issued a $22.00 price objective on shares of HMS Holdings Corp in a research note on Thursday, August 31st. Raymond James Financial, Inc. upgraded HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research note on Thursday, August 10th. UBS AG upgraded HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Canaccord Genuity started coverage on HMS Holdings Corp in a research note on Tuesday, July 11th. They issued a “buy” rating and a $22.00 price objective on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $21.50 price objective on shares of HMS Holdings Corp in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $22.94.

Shares of HMS Holdings Corp (NASDAQ:HMSY) opened at 18.92 on Friday. The firm’s 50 day moving average price is $18.22 and its 200 day moving average price is $18.84. The stock has a market cap of $1.59 billion, a P/E ratio of 53.90 and a beta of 1.10. HMS Holdings Corp has a 52-week low of $15.94 and a 52-week high of $23.06.

HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, August 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $135.96 million. During the same period in the previous year, the firm earned $0.18 EPS. The company’s revenue was up 9.7% on a year-over-year basis. On average, analysts expect that HMS Holdings Corp will post $0.81 EPS for the current year.

In other news, EVP Semone Neuman sold 20,734 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $17.68, for a total transaction of $366,577.12. Following the completion of the sale, the executive vice president now owns 96,722 shares of the company’s stock, valued at approximately $1,710,044.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Douglas M. Williams sold 13,140 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $17.78, for a total transaction of $233,629.20. Following the sale, the insider now directly owns 121,264 shares of the company’s stock, valued at approximately $2,156,073.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,781 shares of company stock valued at $1,004,286. Insiders own 3.20% of the company’s stock.

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About HMS Holdings Corp

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.

Institutional Ownership by Quarter for HMS Holdings Corp (NASDAQ:HMSY)

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