California State Teachers Retirement System decreased its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 9.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 134,253 shares of the business services provider’s stock after selling 14,321 shares during the quarter. California State Teachers Retirement System’s holdings in HMS were worth $2,666,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HMSY. First Trust Advisors LP increased its position in shares of HMS by 26.8% during the second quarter. First Trust Advisors LP now owns 45,270 shares of the business services provider’s stock worth $837,000 after acquiring an additional 9,562 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of HMS during the second quarter worth $251,000. Legal & General Group Plc increased its position in shares of HMS by 9.2% during the second quarter. Legal & General Group Plc now owns 159,430 shares of the business services provider’s stock worth $2,949,000 after acquiring an additional 13,463 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of 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. Finally, Oppenheimer & Co. Inc. increased its position in shares of HMS by 1.9% during the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after acquiring an additional 200 shares in the last quarter. 95.93% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on HMSY shares. Canaccord Genuity reissued a “buy” rating and set a $22.00 price objective on shares of HMS in a research report on Monday, October 30th. Cantor Fitzgerald reissued a “buy” rating and set a $23.00 price objective on shares of HMS in a research report on Tuesday, September 26th. Robert W. Baird reissued a “buy” rating and set a $17.00 price objective on shares of HMS in a research report on Friday, November 10th. BidaskClub raised shares of HMS from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research raised shares of HMS from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $20.39.

HMS Holdings Corp (NASDAQ:HMSY) opened at $17.83 on Friday. The firm has a market cap of $1,499.21, a price-to-earnings ratio of 34.29, a P/E/G ratio of 2.62 and a beta of 0.88. HMS Holdings Corp has a 12-month low of $11.01 and a 12-month high of $20.90.

HMS (NASDAQ:HMSY) last released its earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. equities analysts predict that HMS Holdings Corp will post 0.55 earnings per share for the current fiscal year.

HMS declared that its board has authorized a share repurchase plan on Friday, November 3rd that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/california-state-teachers-retirement-system-lowers-stake-in-hms-holdings-corp-hmsy/1805433.html.

About HMS

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.

Want to see what other hedge funds are holding HMSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HMS Holdings Corp (NASDAQ:HMSY).

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.