Raymond James Financial Services Advisors Inc. purchased a new stake in shares of HMS Holdings Corp (NASDAQ:HMSY) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 23,613 shares of the business services provider’s stock, valued at approximately $469,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in HMS by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,139,216 shares of the business services provider’s stock valued at $58,076,000 after purchasing an additional 68,089 shares during the period. State Street Corp grew its holdings in HMS by 4.4% during the second quarter. State Street Corp now owns 2,217,293 shares of the business services provider’s stock valued at $41,018,000 after purchasing an additional 92,900 shares during the period. Goldman Sachs Group Inc. grew its holdings in HMS by 11.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,522,709 shares of the business services provider’s stock valued at $28,170,000 after purchasing an additional 151,856 shares during the period. Teachers Advisors LLC grew its holdings in HMS by 9.8% during the second quarter. Teachers Advisors LLC now owns 790,617 shares of the business services provider’s stock valued at $14,626,000 after purchasing an additional 70,710 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in HMS by 2.2% during the second quarter. Principal Financial Group Inc. now owns 685,250 shares of the business services provider’s stock valued at $12,677,000 after purchasing an additional 15,029 shares during the period. 96.27% of the stock is owned by institutional investors.
Several equities analysts have weighed in on HMSY shares. UBS raised HMS from an “outperform” rating to a “strong-buy” rating in a report on Thursday, August 10th. Robert W. Baird reaffirmed a “buy” rating on shares of HMS in a report on Sunday, November 19th. Zacks Investment Research lowered HMS from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $22.00 price target on shares of HMS in a report on Monday, October 30th. Finally, Jefferies Group reaffirmed a “neutral” rating on shares of HMS in a report on Sunday, November 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $20.39.
HMS Holdings Corp (NASDAQ:HMSY) opened at $16.35 on Thursday. HMS Holdings Corp has a twelve month low of $11.01 and a twelve month high of $20.90. The company has a market capitalization of $1,415.97, a price-to-earnings ratio of 32.38, a PEG ratio of 2.80 and a beta of 0.87.
HMS (NASDAQ:HMSY) last posted its quarterly earnings data on Friday, November 3rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). The business had revenue of $125.70 million for the quarter, compared to the consensus estimate of $147.62 million. HMS had a net margin of 4.94% and a return on equity of 7.93%. HMS’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. equities analysts predict that HMS Holdings Corp will post 0.55 EPS for the current fiscal year.
HMS announced that its board has initiated a stock buyback plan on Friday, November 3rd that allows the company to buyback $50.00 million in shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
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HMS 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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