Cambiar Investors LLC cut its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 22.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 624,993 shares of the business services provider’s stock after selling 180,166 shares during the period. Cambiar Investors LLC owned about 0.74% of HMS Holdings Corp worth $12,412,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its stake in HMS Holdings Corp by 136,087.1% during the 1st quarter. BlackRock Inc. now owns 10,239,908 shares of the business services provider’s stock valued at $208,179,000 after buying an additional 10,232,389 shares during the last quarter. Vanguard Group Inc. grew its position in shares of HMS Holdings Corp by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 8,363,369 shares of the business services provider’s stock valued at $170,028,000 after acquiring an additional 455,459 shares during the period. Van Berkom & Associates Inc. grew its position in shares of HMS Holdings Corp by 9.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 3,517,939 shares of the business services provider’s stock valued at $65,082,000 after acquiring an additional 292,560 shares during the period. Dimensional Fund Advisors LP grew its position in shares of HMS Holdings Corp by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,139,216 shares of the business services provider’s stock valued at $58,076,000 after acquiring an additional 68,089 shares during the period. Finally, American Capital Management Inc. grew its position in shares of HMS Holdings Corp by 0.9% during the 3rd quarter. American Capital Management Inc. now owns 2,546,223 shares of the business services provider’s stock valued at $50,568,000 after acquiring an additional 22,647 shares during the period. Institutional investors and hedge funds own 93.92% of the company’s stock.
Shares of HMS Holdings Corp (NASDAQ:HMSY) traded up $0.16 during trading on Tuesday, reaching $15.76. 728,700 shares of the company traded hands, compared to its average volume of 506,254. The company has a market cap of $1,311.70, a P/E ratio of 30.00, a P/E/G ratio of 2.40 and a beta of 0.94. HMS Holdings Corp has a one year low of $11.01 and a one year high of $20.90.
HMS Holdings Corp (NASDAQ:HMSY) last issued its earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $125.70 million during the quarter, compared to the consensus estimate of $147.62 million. HMS Holdings Corp had a return on equity of 7.93% and a net margin of 4.94%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 EPS. equities research analysts expect that HMS Holdings Corp will post 0.59 EPS for the current year.
HMS Holdings Corp declared that its board has approved a stock repurchase plan on Friday, November 3rd that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
A number of brokerages have recently issued reports on HMSY. Canaccord Genuity cut their price objective on shares of HMS Holdings Corp from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, November 6th. Jefferies Group LLC reissued a “neutral” rating on shares of HMS Holdings Corp in a research report on Sunday, November 5th. BidaskClub downgraded shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. 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, Robert W. Baird reissued a “buy” rating and set a $17.00 price objective on shares of HMS Holdings Corp in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $21.31.
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In other HMS Holdings Corp news, EVP Cynthia Nustad sold 22,907 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $17.64, for a total transaction of $404,079.48. Following the completion of the transaction, the executive vice president now owns 73,877 shares of the company’s stock, valued at approximately $1,303,190.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman William C. Lucia sold 29,894 shares of the stock in a transaction dated Wednesday, September 27th. The shares were 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 of the company’s stock, valued at approximately $4,454,900. The disclosure for this sale can be found here. Insiders sold a total of 73,535 shares of company stock valued at $1,368,537 in the last ninety days. 3.20% of the stock is currently owned by 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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