PEAK6 Investments L.P. bought a new stake in shares of HMS Holdings Corp (NASDAQ:HMSY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 162,459 shares of the business services provider’s stock, valued at approximately $2,754,000. PEAK6 Investments L.P. owned 0.19% of HMS at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in HMS by 3.0% during the 4th quarter. BlackRock Inc. now owns 10,812,870 shares of the business services provider’s stock valued at $183,279,000 after acquiring an additional 316,963 shares during the period. Van Berkom & Associates Inc. boosted its holdings in HMS by 3.4% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,639,274 shares of the business services provider’s stock valued at $72,276,000 after acquiring an additional 121,335 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of HMS by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,230,969 shares of the business services provider’s stock valued at $64,167,000 after buying an additional 91,753 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of HMS by 2.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 3,134,645 shares of the business services provider’s stock valued at $63,319,000 after buying an additional 72,082 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of HMS by 75.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,016,623 shares of the business services provider’s stock valued at $51,132,000 after buying an additional 1,292,855 shares during the period. Institutional investors own 99.40% of the company’s stock.
HMSY has been the subject of several recent research reports. Citigroup initiated coverage on HMS in a research note on Thursday, January 4th. They issued a “neutral” rating for the company. Robert W. Baird reiterated a “buy” rating on shares of HMS in a research note on Sunday, November 19th. BidaskClub cut HMS from a “sell” rating to a “strong sell” rating in a research note on Monday, February 5th. Zacks Investment Research cut HMS from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $16.00 price objective on shares of HMS in a research note on Sunday, November 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. HMS currently has an average rating of “Hold” and a consensus price target of $20.50.
HMS (NASDAQ:HMSY) last posted its earnings results on Friday, February 23rd. The business services provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07). The business had revenue of $148.49 million for the quarter, compared to analysts’ expectations of $136.77 million. HMS had a return on equity of 7.33% and a net margin of 7.56%. HMS’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. analysts forecast that HMS Holdings Corp will post 0.65 EPS for the current year.
WARNING: This article was first reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/03/14/peak6-investments-l-p-takes-2-75-million-position-in-hms-holdings-corp-hmsy.html.
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.
Want to see what other hedge funds are holding HMSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HMS Holdings Corp (NASDAQ:HMSY).
Receive News & Ratings for HMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS and related companies with MarketBeat.com's FREE daily email newsletter.