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.

HMS (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, February 22nd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. HMS had a return on equity of 14.21% and a net margin of 9.19%. The firm had revenue of $155.80 million for the quarter, compared to analyst estimates of $155.84 million. During the same period last year, the company earned $0.24 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts predict that HMS Holdings Corp will post 0.97 earnings per share for the current fiscal year.

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.

COPYRIGHT VIOLATION WARNING: “6,983 Shares in HMS Holdings Corp (HMSY) Acquired by CAPROCK Group Inc.” was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.watchlistnews.com/6983-shares-in-hms-holdings-corp-hmsy-acquired-by-caprock-group-inc/2965332.html.

About HMS

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.

Read More: What is a support level?

Institutional Ownership by Quarter for HMS (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.