6,983 Shares in HMS Holdings Corp (HMSY) Acquired by CAPROCK Group Inc.
CAPROCK Group Inc. bought a new stake in HMS Holdings Corp (NASDAQ:HMSY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,983 shares of the business services provider’s stock, valued at approximately $207,000.
Other institutional investors have also recently bought and sold shares of the company. We Are One Seven LLC acquired a new stake in HMS in the fourth quarter valued at $84,000. BlueMountain Capital Management LLC acquired a new stake in shares of HMS during the third quarter valued at $146,000. LS Investment Advisors LLC boosted its stake in shares of HMS by 80.0% during the fourth quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 2,230 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of HMS by 11.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,826 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 592 shares during the last quarter. Finally, NumerixS Investment Technologies Inc boosted its stake in shares of HMS by 84.3% during the fourth quarter. NumerixS Investment Technologies Inc now owns 6,818 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 3,118 shares during the last quarter. 95.44% of the stock is currently owned by institutional investors.
HMSY opened at $30.26 on Tuesday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.58 billion, a P/E ratio of 36.02, a P/E/G ratio of 2.85 and a beta of 1.61. HMS Holdings Corp has a 52 week low of $17.11 and a 52 week high of $38.15.
In other HMS news, insider Meredith W. Bjorck sold 2,362 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $30.10, for a total value of $71,096.20. Following the sale, the insider now directly owns 51,755 shares of the company’s stock, valued at approximately $1,557,825.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bart M. Schwartz sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $32.41, for a total value of $648,200.00. Following the completion of the sale, the director now directly owns 74,874 shares in the company, valued at $2,426,666.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,018,795 shares of company stock worth $35,023,853. 4.54% of the stock is owned by corporate insiders.
A number of research firms recently commented on HMSY. Zacks Investment Research lowered HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. BidaskClub raised HMS from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.50.
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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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