American International Group Inc. Purchases 3,632 Shares of HMS Holdings Corp (HMSY)
American International Group Inc. lifted its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,447 shares of the business services provider’s stock after buying an additional 3,632 shares during the period. American International Group Inc. owned about 0.08% of HMS worth $1,320,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. OxFORD Asset Management LLP raised its holdings in HMS by 33.5% during the second quarter. OxFORD Asset Management LLP now owns 80,474 shares of the business services provider’s stock worth $1,489,000 after acquiring an additional 20,173 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in HMS by 11.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,522,709 shares of the business services provider’s stock worth $28,170,000 after acquiring an additional 151,856 shares in the last quarter. Peregrine Capital Management LLC raised its holdings in HMS by 50.9% during the third quarter. Peregrine Capital Management LLC now owns 527,229 shares of the business services provider’s stock worth $10,471,000 after acquiring an additional 177,799 shares in the last quarter. Teachers Advisors LLC raised its holdings in HMS by 9.8% during the second quarter. Teachers Advisors LLC now owns 790,617 shares of the business services provider’s stock worth $14,626,000 after acquiring an additional 70,710 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in HMS by 2.2% during the second quarter. Principal Financial Group Inc. now owns 685,250 shares of the business services provider’s stock worth $12,677,000 after acquiring an additional 15,029 shares in the last quarter. 96.27% of the stock is owned by institutional investors.
Shares of HMS Holdings Corp (NASDAQ:HMSY) opened at $16.67 on Friday. The stock has a market capitalization of $1,368.88, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 2.71 and a beta of 0.87. HMS Holdings Corp has a 52 week low of $11.01 and a 52 week high of $20.90.
HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, November 3rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $125.70 million during the quarter, compared to the consensus estimate of $147.62 million. HMS had a net margin of 4.94% and a return on equity of 7.93%. HMS’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. equities analysts forecast that HMS Holdings Corp will post 0.55 earnings per share for the current fiscal year.
HMS announced that its board has initiated a stock repurchase plan on Friday, November 3rd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
Several analysts recently issued reports on HMSY shares. Cantor Fitzgerald reiterated a “buy” rating and set a $23.00 target price on shares of HMS in a report on Tuesday, September 26th. Robert W. Baird reiterated a “buy” rating and set a $22.00 target price on shares of HMS in a report on Thursday, August 31st. Canaccord Genuity reiterated a “buy” rating and set a $22.00 target price on shares of HMS in a report on Monday, October 30th. Zacks Investment Research lowered HMS from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Finally, BidaskClub upgraded HMS from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. HMS has a consensus rating of “Buy” and an average price target of $20.39.
In other HMS news, Chairman William C. Lucia sold 29,894 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $20.00, for a total value of $597,880.00. Following the sale, the chairman now owns 222,745 shares in the company, valued at $4,454,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is owned by corporate insiders.
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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.
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