Capstone Asset Management Co. Reduces Stake in HMS Holdings Corp (HMSY)
Capstone Asset Management Co. cut its position in HMS Holdings Corp (NASDAQ:HMSY) by 8.2% during the second quarter, Holdings Channel reports. The firm owned 18,599 shares of the business services provider’s stock after selling 1,660 shares during the period. Capstone Asset Management Co.’s holdings in HMS Holdings Corp were worth $344,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new position in HMS Holdings Corp during the first quarter worth approximately $108,000. LS Investment Advisors LLC boosted its position in HMS Holdings Corp by 48.3% in the first quarter. LS Investment Advisors LLC now owns 5,512 shares of the business services provider’s stock worth $112,000 after buying an additional 1,795 shares during the period. Ameritas Investment Partners Inc. bought a new position in HMS Holdings Corp during the first quarter worth approximately $148,000. State of Alaska Department of Revenue boosted its position in HMS Holdings Corp by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 9,230 shares of the business services provider’s stock worth $187,000 after buying an additional 90 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in HMS Holdings Corp during the second quarter worth approximately $198,000. 94.76% of the stock is owned by hedge funds and other institutional investors.
Shares of HMS Holdings Corp (NASDAQ:HMSY) traded up 3.88% on Thursday, reaching $18.20. 305,202 shares of the company were exchanged. HMS Holdings Corp has a 12-month low of $15.94 and a 12-month high of $24.00. The stock’s 50-day moving average is $18.99 and its 200 day moving average is $18.93. The firm has a market capitalization of $1.53 billion, a PE ratio of 51.85 and a beta of 1.08.
HMS Holdings Corp (NASDAQ:HMSY) last posted its earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The firm had revenue of $133.31 million during the quarter, compared to the consensus estimate of $135.96 million. During the same period in the prior year, the company posted $0.18 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, analysts forecast that HMS Holdings Corp will post $0.81 EPS for the current year.
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A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $21.50 target price on shares of HMS Holdings Corp in a report on Friday, June 16th. TheStreet cut shares of HMS Holdings Corp from a “b” rating to a “c+” rating in a report on Friday, May 12th. Cantor Fitzgerald assumed coverage on shares of HMS Holdings Corp in a report on Wednesday, June 14th. They issued an “overweight” rating and a $23.00 target price for the company. Finally, BidaskClub cut shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $23.06.
In related news, Director Bart M. Schwartz acquired 1,500 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were purchased at an average price of $19.28 per share, with a total value of $28,920.00. Following the completion of the purchase, the director now directly owns 46,868 shares of the company’s stock, valued at $903,615.04. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Semone Neuman sold 14,546 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $19.00, for a total value of $276,374.00. Following the completion of the transaction, the executive vice president now directly owns 122,685 shares in the company, valued at approximately $2,331,015. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.
About HMS Holdings Corp
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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