HMS Holdings Corp (HMSY) Shares Sold by Rhumbline Advisers
Rhumbline Advisers decreased its stake in HMS Holdings Corp (NASDAQ:HMSY) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,281 shares of the business services provider’s stock after selling 4,574 shares during the period. Rhumbline Advisers owned about 0.23% of HMS worth $6,407,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of HMSY. Principal Financial Group Inc. boosted its position in HMS by 3.7% during the first quarter. Principal Financial Group Inc. now owns 689,482 shares of the business services provider’s stock valued at $11,611,000 after purchasing an additional 24,762 shares during the last quarter. Bank of Montreal Can acquired a new stake in HMS during the second quarter valued at $1,034,000. Aperio Group LLC boosted its position in HMS by 16.0% during the second quarter. Aperio Group LLC now owns 29,355 shares of the business services provider’s stock valued at $635,000 after purchasing an additional 4,040 shares during the last quarter. Wells Fargo & Company MN boosted its position in HMS by 3.4% during the second quarter. Wells Fargo & Company MN now owns 356,520 shares of the business services provider’s stock valued at $7,708,000 after purchasing an additional 11,566 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in HMS during the second quarter valued at $309,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Cynthia Nustad sold 112,397 shares of the business’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $34.64, for a total transaction of $3,893,432.08. Following the completion of the transaction, the executive vice president now owns 119,273 shares of the company’s stock, valued at approximately $4,131,616.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cora M. Tellez sold 18,602 shares of the business’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $35.70, for a total value of $664,091.40. Following the transaction, the director now directly owns 170,656 shares of the company’s stock, valued at approximately $6,092,419.20. The disclosure for this sale can be found here. Insiders sold 688,645 shares of company stock valued at $24,027,123 in the last ninety days. Insiders own 4.54% of the company’s stock.
HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, November 2nd. The business services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. HMS had a return on equity of 10.63% and a net margin of 8.01%. The company had revenue of $154.20 million during the quarter, compared to analysts’ expectations of $140.93 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. As a group, analysts predict that HMS Holdings Corp will post 0.85 EPS for the current fiscal year.
A number of research firms recently issued reports on HMSY. Zacks Investment Research raised HMS from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Thursday, November 8th. BidaskClub raised HMS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 7th. Cantor Fitzgerald lifted their price objective on HMS to $31.00 and gave the company a “neutral” rating in a research report on Monday, November 5th. First Analysis raised HMS from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $31.00 to $38.00 in a research report on Sunday, November 4th. Finally, Chardan Capital began coverage on HMS in a research report on Thursday, September 13th. They set a “neutral” rating and a $35.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $33.90.
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.
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