Dana Investment Advisors Inc. decreased its stake in HMS Holdings Corp (NASDAQ:HMSY) by 25.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,839 shares of the business services provider’s stock after selling 21,432 shares during the period. Dana Investment Advisors Inc. owned approximately 0.07% of HMS worth $1,768,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in HMSY. Oregon Public Employees Retirement Fund acquired a new stake in shares of HMS in the fourth quarter worth $32,000. We Are One Seven LLC acquired a new stake in shares of HMS in the fourth quarter worth $84,000. LS Investment Advisors LLC grew its stake in shares of HMS by 80.0% in the fourth quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock worth $141,000 after acquiring an additional 2,230 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in shares of HMS in the third quarter worth $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of HMS by 11.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,826 shares of the business services provider’s stock worth $164,000 after acquiring an additional 592 shares during the last quarter. Institutional investors and hedge funds own 95.19% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of HMS from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. ValuEngine downgraded shares of HMS from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 17th. Zacks Investment Research downgraded shares of HMS from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $34.00 price target on shares of HMS in a research note on Friday, February 22nd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. HMS currently has an average rating of “Buy” and an average price target of $33.50.
In other HMS news, CFO Jeffrey Scott Sherman sold 268,426 shares of HMS stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $34.55, for a total transaction of $9,274,118.30. Following the completion of the transaction, the chief financial officer now directly owns 218,253 shares of the company’s stock, valued at $7,540,641.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William F. Miller III sold 16,953 shares of HMS stock in a transaction on Friday, March 15th. The shares were sold at an average price of $32.50, for a total value of $550,972.50. Following the transaction, the director now directly owns 157,418 shares of the company’s stock, valued at $5,116,085. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,008,479 shares of company stock valued at $34,709,365. Company insiders own 4.54% of the company’s stock.
HMSY opened at $32.46 on Friday. HMS Holdings Corp has a fifty-two week low of $16.29 and a fifty-two week high of $38.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.40 and a current ratio of 4.40. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 3.02 and a beta of 1.64.
HMS (NASDAQ:HMSY) last posted its quarterly earnings results on Friday, February 22nd. The business services provider reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. HMS had a net margin of 9.19% and a return on equity of 14.21%. The firm had revenue of $155.80 million for the quarter, compared to the consensus estimate of $155.84 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that HMS Holdings Corp will post 0.97 EPS for the current fiscal year.
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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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