Mason Street Advisors LLC acquired a new stake in shares of HMS Holdings Corp. (NASDAQ:HMSY) during the second quarter, Holdings Channel reports. The firm acquired 16,452 shares of the company’s stock, valued at approximately $290,000.
Other large investors also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in HMS Holdings Corp. by 13.0% in the second quarter. US Bancorp DE now owns 7,171 shares of the company’s stock worth $126,000 after buying an additional 824 shares during the period. Paradigm Asset Management Co. LLC raised its position in shares of HMS Holdings Corp. by 0.9% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,600 shares of the company’s stock worth $134,000 after buying an additional 66 shares during the last quarter. BlackRock Inc. raised its position in shares of HMS Holdings Corp. by 25.8% in the second quarter. BlackRock Inc. now owns 7,777 shares of the company’s stock worth $137,000 after buying an additional 1,596 shares during the last quarter. Creative Planning raised its position in shares of HMS Holdings Corp. by 400,000.0% in the second quarter. Creative Planning now owns 8,002 shares of the company’s stock worth $141,000 after buying an additional 8,000 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in shares of HMS Holdings Corp. during the second quarter worth approximately $186,000. Institutional investors own 96.57% of the company’s stock.
HMS Holdings Corp. (NASDAQ:HMSY) opened at 21.29 on Friday. HMS Holdings Corp. has a 1-year low of $9.51 and a 1-year high of $24.00. The firm has a market cap of $1.80 billion, a P/E ratio of 64.32 and a beta of 0.81. The stock has a 50 day moving average price of $22.00 and a 200-day moving average price of $18.43.
HMS Holdings Corp. (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. HMS Holdings Corp. had a net margin of 5.86% and a return on equity of 8.83%. The business earned $123.60 million during the quarter, compared to the consensus estimate of $116.85 million. During the same period in the previous year, the business earned $0.13 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Equities research analysts forecast that HMS Holdings Corp. will post $0.69 EPS for the current year.
A number of brokerages have commented on HMSY. Zacks Investment Research upgraded HMS Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. Jefferies Group lowered HMS Holdings Corp. from a “buy” rating to a “hold” rating and increased their price objective for the company from $19.00 to $23.00 in a research report on Thursday, August 18th. They noted that the move was a valuation call. Finally, TheStreet upgraded HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. HMS Holdings Corp. currently has a consensus rating of “Buy” and a consensus price target of $21.20.
In other HMS Holdings Corp. news, CEO William C. Lucia sold 45,280 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $22.09, for a total transaction of $1,000,235.20. Following the sale, the chief executive officer now owns 194,982 shares of the company’s stock, valued at $4,307,152.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Becker bought 5,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were bought at an average cost of $21.96 per share, for a total transaction of $109,800.00. Following the purchase, the director now owns 11,701 shares of the company’s stock, valued at approximately $256,953.96. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company’s stock.
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.
Want to see what other hedge funds are holding HMSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HMS Holdings Corp. (NASDAQ:HMSY).
Receive News & Ratings for HMS Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.