Public Sector Pension investment Board lessened its holdings in HMS Holdings Corp (NASDAQ:HMSY) by 29.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,100 shares of the business services provider’s stock after selling 18,200 shares during the period. Public Sector Pension investment Board owned about 0.05% of HMS Holdings Corp worth $797,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Citigroup Inc. boosted its position in shares of HMS Holdings Corp by 92.2% in the second quarter. Citigroup Inc. now owns 189,040 shares of the business services provider’s stock worth $3,497,000 after buying an additional 90,698 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of HMS Holdings Corp by 7.3% in the second quarter. Thrivent Financial For Lutherans now owns 50,760 shares of the business services provider’s stock worth $939,000 after buying an additional 3,450 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of HMS Holdings Corp by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 36,087 shares of the business services provider’s stock worth $668,000 after buying an additional 259 shares during the period. Profund Advisors LLC boosted its position in shares of HMS Holdings Corp by 9.1% in the second quarter. Profund Advisors LLC now owns 15,829 shares of the business services provider’s stock worth $293,000 after buying an additional 1,320 shares during the period. Finally, Amalgamated Bank boosted its position in shares of 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 buying an additional 419 shares during the period. 93.09% of the stock is owned by institutional investors and hedge funds.

In related news, Chairman William C. Lucia sold 29,894 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $20.00, for a total transaction of $597,880.00. Following the transaction, the chairman now owns 222,745 shares of the company’s stock, valued at approximately $4,454,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Douglas M. Williams sold 13,140 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $17.78, for a total transaction of $233,629.20. Following the transaction, the insider now directly owns 121,264 shares in the company, valued at approximately $2,156,073.92. The disclosure for this sale can be found here. Insiders sold a total of 86,675 shares of company stock worth $1,602,166 in the last three months. Insiders own 3.20% of the company’s stock.

HMSY has been the subject of several recent analyst reports. Canaccord Genuity initiated coverage on 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 HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, August 1st. Cantor Fitzgerald reissued a “buy” rating and set a $23.00 price objective on shares of HMS Holdings Corp in a research report on Tuesday, September 26th. Robert W. Baird reissued a “buy” rating and set a $22.00 price objective on shares of HMS Holdings Corp in a research report on Thursday, August 31st. Finally, BidaskClub cut HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. HMS Holdings Corp currently has an average rating of “Buy” and a consensus target price of $22.94.

Shares of HMS Holdings Corp (HMSY) opened at 20.21 on Thursday. HMS Holdings Corp has a 52 week low of $15.94 and a 52 week high of $22.05. The company has a 50-day moving average of $18.54 and a 200 day moving average of $18.94. The firm has a market capitalization of $1.70 billion, a P/E ratio of 57.58 and a beta of 1.14.

HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly earnings results 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). The company had revenue of $133.31 million during the quarter, compared to the consensus estimate of $135.96 million. HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. HMS Holdings Corp’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. Equities research analysts anticipate that HMS Holdings Corp will post $0.81 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for HMS Holdings Corp (NASDAQ:HMSY)

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