HMS Holdings Corp (HMSY) Position Raised by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans lifted its holdings in shares of HMS Holdings Corp (NASDAQ:HMSY) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 556,868 shares of the business services provider’s stock after buying an additional 7,098 shares during the period. Thrivent Financial For Lutherans owned approximately 0.66% of HMS worth $9,439,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HMSY. Zions Bancorporation purchased a new stake in shares of HMS during the third quarter valued at $116,000. Rathbone Brothers plc bought a new position in HMS in the fourth quarter valued at about $207,000. Koch Industries Inc. bought a new position in HMS in the fourth quarter valued at about $227,000. Hartford Investment Management Co. bought a new position in HMS in the third quarter valued at about $228,000. Finally, Envestnet Asset Management Inc. lifted its holdings in HMS by 120.2% in the third quarter. Envestnet Asset Management Inc. now owns 15,236 shares of the business services provider’s stock valued at $302,000 after acquiring an additional 8,316 shares during the period. 99.40% of the stock is currently owned by institutional investors.

HMS Holdings Corp (NASDAQ:HMSY) opened at $17.45 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.16 and a quick ratio of 3.16. HMS Holdings Corp has a 12 month low of $11.01 and a 12 month high of $20.90. The company has a market capitalization of $1,447.28, a PE ratio of 35.63, a PEG ratio of 2.45 and a beta of 0.86.

HMS (NASDAQ:HMSY) last posted its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.15 EPS for the quarter, missing the 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 company had revenue of $148.49 million during the quarter, compared to the consensus estimate of $136.77 million. During the same period last year, the business earned $0.20 EPS. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. research analysts expect that HMS Holdings Corp will post 0.65 EPS for the current fiscal year.

A number of research analysts have weighed in on the company. ValuEngine downgraded HMS from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded HMS from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Citigroup lowered their target price on HMS from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, February 27th. Canaccord Genuity increased their target price on HMS from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $17.00 target price on shares of HMS in a report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. HMS currently has a consensus rating of “Hold” and a consensus price target of $20.50.

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About HMS

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 (NASDAQ:HMSY)

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