Bank of Montreal Can grew its position in HMS Holdings Corp (NASDAQ:HMSY) by 31.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,774 shares of the business services provider’s stock after purchasing an additional 14,983 shares during the period. Bank of Montreal Can owned about 0.08% of HMS worth $2,060,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. NumerixS Investment Technologies Inc acquired a new stake in shares of HMS in the 2nd quarter valued at $176,000. Northern Trust Corp boosted its stake in shares of HMS by 1.4% in the 2nd quarter. Northern Trust Corp now owns 1,133,001 shares of the business services provider’s stock valued at $24,495,000 after purchasing an additional 15,596 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of HMS by 5.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 592,499 shares of the business services provider’s stock valued at $12,810,000 after purchasing an additional 29,548 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of HMS in the 2nd quarter valued at $232,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of HMS by 20.9% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 65,835 shares of the business services provider’s stock valued at $1,423,000 after purchasing an additional 11,370 shares in the last quarter. Institutional investors own 95.24% of the company’s stock.
Several equities research analysts have recently commented on HMSY shares. Credit Suisse Group boosted their target price on shares of HMS from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday, August 22nd. Chardan Capital started coverage on shares of HMS in a research note on Thursday, September 13th. They issued a “neutral” rating and a $35.00 target price on the stock. ValuEngine upgraded shares of HMS from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 13th. Zacks Investment Research downgraded shares of HMS from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 5th. Finally, Jefferies Financial Group set a $28.00 price target on shares of HMS and gave the stock a “hold” rating in a research report on Sunday, August 5th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $32.64.
Shares of NASDAQ HMSY opened at $37.04 on Friday. The stock has a market cap of $3.00 billion, a P/E ratio of 86.14, a P/E/G ratio of 4.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.87 and a current ratio of 4.04. HMS Holdings Corp has a 12-month low of $14.88 and a 12-month high of $38.15.
HMS (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, November 2nd. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.10. The business had revenue of $154.20 million for the quarter, compared to the consensus estimate of $140.93 million. HMS had a net margin of 8.01% and a return on equity of 10.63%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. On average, sell-side analysts forecast that HMS Holdings Corp will post 0.85 earnings per share for the current fiscal year.
HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.
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