HMS Holdings Corp (HMSY) Shares Bought by OxFORD Asset Management LLP
OxFORD Asset Management LLP boosted its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 33.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,474 shares of the business services provider’s stock after purchasing an additional 20,173 shares during the period. OxFORD Asset Management LLP owned about 0.10% of HMS Holdings Corp worth $1,489,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Riverhead Capital Management LLC grew its position in HMS Holdings Corp by 80.4% during the second quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 2,492 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in HMS Holdings Corp in the first quarter worth approximately $148,000. Fox Run Management L.L.C. bought a new stake in HMS Holdings Corp in the second quarter worth approximately $198,000. Oppenheimer & Co. Inc. grew its position in HMS Holdings Corp by 1.9% in 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. Finally, Amalgamated Bank grew its position in HMS Holdings Corp by 3.8% in the second quarter. Amalgamated Bank now owns 11,574 shares of the business services provider’s stock worth $214,000 after acquiring an additional 419 shares in the last quarter. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Cynthia Nustad sold 22,907 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $17.64, for a total value of $404,079.48. Following the completion of the transaction, the executive vice president now owns 73,877 shares of the company’s stock, valued at $1,303,190.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman William C. Lucia sold 29,894 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $20.00, for a total value of $597,880.00. Following the completion of the transaction, the chairman now directly owns 222,745 shares of the company’s stock, valued at approximately $4,454,900. The disclosure for this sale can be found here. Insiders have sold 86,675 shares of company stock valued at $1,602,166 in the last three months. Insiders own 3.20% of the company’s stock.
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HMSY has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on shares of HMS Holdings Corp in a research report on Wednesday, June 14th. They issued an “overweight” rating and a $23.00 target price for the company. Jefferies Group LLC reissued a “hold” rating and issued a $21.50 target price on shares of HMS Holdings Corp in a research report on Friday, June 16th. Canaccord Genuity initiated coverage on shares of HMS Holdings Corp in a research report on Tuesday, July 11th. They issued a “buy” rating and a $22.00 target price for the company. Zacks Investment Research raised shares of HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, August 1st. Finally, BidaskClub downgraded shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.94.
Shares of HMS Holdings Corp (HMSY) opened at 19.45 on Wednesday. HMS Holdings Corp has a 52 week low of $15.94 and a 52 week high of $22.05. The firm has a market capitalization of $1.63 billion, a PE ratio of 55.41 and a beta of 1.14. The stock has a 50 day moving average of $18.81 and a 200-day moving average of $19.00.
HMS Holdings Corp (NASDAQ:HMSY) last released its quarterly earnings data on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The company had revenue of $133.31 million for the quarter, compared to the consensus estimate of $135.96 million. During the same period last year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts anticipate that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.
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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