Wrapmanager Inc. Raises Position in HMS Holdings Corp (HMSY)
Wrapmanager Inc. increased its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 21.5% during the second quarter, Holdings Channel reports. The fund owned 16,401 shares of the business services provider’s stock after buying an additional 2,899 shares during the period. Wrapmanager Inc.’s holdings in HMS Holdings Corp were worth $303,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HMSY. Stoneridge Investment Partners LLC bought a new position in HMS Holdings Corp during the first quarter valued at $726,000. Nationwide Fund Advisors boosted its position in HMS Holdings Corp by 2.3% in the first quarter. Nationwide Fund Advisors now owns 98,924 shares of the business services provider’s stock valued at $2,011,000 after buying an additional 2,222 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of HMS Holdings Corp by 29.2% in the first quarter. OppenheimerFunds Inc. now owns 21,480 shares of the business services provider’s stock worth $437,000 after buying an additional 4,850 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of HMS Holdings Corp by 9.1% in the second quarter. Van Berkom & Associates Inc. now owns 3,517,939 shares of the business services provider’s stock worth $65,082,000 after buying an additional 292,560 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of HMS Holdings Corp by 0.7% in the first quarter. AQR Capital Management LLC now owns 287,619 shares of the business services provider’s stock worth $5,848,000 after buying an additional 1,922 shares in the last quarter. 94.66% of the stock is owned by hedge funds and other institutional investors.
Shares of HMS Holdings Corp (HMSY) opened at 17.71 on Wednesday. HMS Holdings Corp has a one year low of $15.94 and a one year high of $23.45. The firm’s 50-day moving average is $18.81 and its 200-day moving average is $18.92. The stock has a market capitalization of $1.49 billion, a PE ratio of 50.46 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 the consensus estimate of $0.18 by $0.02. The firm had revenue of $133.31 million for the quarter, compared to analysts’ expectations of $135.96 million. HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. HMS Holdings Corp’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. On average, analysts expect that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.
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A number of brokerages have commented on HMSY. BidaskClub cut shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Raymond James Financial, Inc. raised shares of HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $23.00 target price for the company in a report on Thursday, August 10th. UBS AG raised shares of HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a report on Thursday, August 10th. Zacks Investment Research cut shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $21.50 target price on shares of HMS Holdings Corp in a report on Wednesday, July 19th. One investment 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 presently has an average rating of “Buy” and a consensus price target of $23.06.
In other news, Director Bart M. Schwartz bought 1,500 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was purchased at an average cost of $19.28 per share, with a total value of $28,920.00. Following the acquisition, the director now directly owns 46,868 shares in the company, valued at $903,615.04. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Douglas M. Williams sold 13,140 shares of HMS Holdings Corp stock in a transaction that occurred 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 of the company’s stock, valued at $2,156,073.92. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.
HMS Holdings Corp Company Profile
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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