Jefferies Group LLC Buys New Stake in HMS Holdings Corp (HMSY)

Jefferies Group LLC bought a new position in HMS Holdings Corp (NASDAQ:HMSY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,351 shares of the business services provider’s stock, valued at approximately $311,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its position in HMS by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 163,028 shares of the business services provider’s stock worth $3,239,000 after buying an additional 3,598 shares during the last quarter. American International Group Inc. lifted its position in HMS by 5.8% in the 3rd quarter. American International Group Inc. now owns 66,447 shares of the business services provider’s stock worth $1,320,000 after buying an additional 3,632 shares during the last quarter. Rhumbline Advisers lifted its position in HMS by 2.4% in the 3rd quarter. Rhumbline Advisers now owns 167,052 shares of the business services provider’s stock worth $3,318,000 after buying an additional 3,870 shares during the last quarter. Pinebridge Investments L.P. lifted its position in HMS by 8.9% in the 4th quarter. Pinebridge Investments L.P. now owns 49,155 shares of the business services provider’s stock worth $834,000 after buying an additional 3,997 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in HMS by 2.3% in the 4th quarter. California Public Employees Retirement System now owns 195,927 shares of the business services provider’s stock worth $3,321,000 after buying an additional 4,372 shares during the last quarter. Institutional investors own 99.48% of the company’s stock.

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HMS Holdings Corp (NASDAQ HMSY) opened at $16.74 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.16 and a quick ratio of 3.16. The company has a market capitalization of $1,387.60, a P/E ratio of 34.16, a price-to-earnings-growth ratio of 2.35 and a beta of 0.86. HMS Holdings Corp has a 12 month low of $11.01 and a 12 month high of $20.90.

HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.07). The company had revenue of $148.49 million during the quarter, compared to analysts’ expectations of $136.77 million. HMS had a return on equity of 7.33% and a net margin of 7.56%. HMS’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $0.20 earnings per share. equities analysts predict that HMS Holdings Corp will post 0.65 earnings per share for the current fiscal year.

A number of research firms recently weighed in on HMSY. BidaskClub upgraded HMS from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine cut HMS from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research cut HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Citigroup decreased their price target on HMS from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Finally, Canaccord Genuity lifted their price target on HMS from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. HMS presently has an average rating of “Buy” and a consensus target price of $20.50.

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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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Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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