Tygh Capital Management Inc. Increases Stake in HMS Holdings Corp (HMSY)

Share on StockTwits

Tygh Capital Management Inc. lifted its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 347,334 shares of the business services provider’s stock after purchasing an additional 14,067 shares during the period. HMS makes up about 2.0% of Tygh Capital Management Inc.’s investment portfolio, making the stock its 12th biggest position. Tygh Capital Management Inc.’s holdings in HMS were worth $9,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its position in shares of HMS by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 28,058 shares of the business services provider’s stock worth $789,000 after purchasing an additional 525 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in HMS by 11.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,826 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 592 shares in the last quarter. Riverhead Capital Management LLC grew its position in HMS by 19.2% in the third quarter. Riverhead Capital Management LLC now owns 9,320 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 1,500 shares in the last quarter. Blair William & Co. IL grew its position in HMS by 1.3% in the third quarter. Blair William & Co. IL now owns 165,055 shares of the business services provider’s stock valued at $5,415,000 after purchasing an additional 2,055 shares in the last quarter. Finally, LS Investment Advisors LLC grew its position in HMS by 80.0% in the fourth quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 2,230 shares in the last quarter. Institutional investors own 94.79% of the company’s stock.

A number of research firms recently weighed in on HMSY. Zacks Investment Research downgraded shares of HMS from a “buy” rating to a “hold” rating in a research report on Friday, January 18th. BidaskClub raised shares of HMS from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. HMS presently has an average rating of “Buy” and an average target price of $33.20.

HMSY stock traded up $0.40 during trading hours on Tuesday, reaching $31.69. The stock had a trading volume of 2,361 shares, compared to its average volume of 525,743. The stock has a market cap of $2.58 billion, a P/E ratio of 73.47, a P/E/G ratio of 2.93 and a beta of 1.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.04 and a quick ratio of 4.04. HMS Holdings Corp has a fifty-two week low of $14.88 and a fifty-two week high of $38.15.

In other HMS news, CFO Jeffrey Scott Sherman sold 5,700 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $36.13, for a total value of $205,941.00. Following the completion of the sale, the chief financial officer now owns 173,744 shares in the company, valued at $6,277,370.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Cora M. Tellez sold 18,602 shares of the stock in a transaction on Friday, November 30th. The shares were sold at an average price of $35.70, for a total transaction of $664,091.40. Following the completion of the sale, the director now owns 170,656 shares of the company’s stock, valued at approximately $6,092,419.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,193,745 shares of company stock valued at $41,545,016. Corporate insiders own 4.54% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Tygh Capital Management Inc. Increases Stake in HMS Holdings Corp (HMSY)” was posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/4146210/tygh-capital-management-inc-increases-stake-in-hms-holdings-corp-hmsy.html.

HMS Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.

See Also: What is the Bid-Ask Spread?

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).

Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

Receive News & Ratings for HMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

$84.30 Million in Sales Expected for Lantheus Holdings Inc  This Quarter
$84.30 Million in Sales Expected for Lantheus Holdings Inc This Quarter
GoldMint Market Cap Hits $602,811.00
GoldMint Market Cap Hits $602,811.00
Pal Network Price Reaches $0.0038 on Exchanges
Pal Network Price Reaches $0.0038 on Exchanges
Akorn, Inc.  Expected to Post Earnings of $0.02 Per Share
Akorn, Inc. Expected to Post Earnings of $0.02 Per Share
BITFID  24-Hour Trading Volume Reaches $0.00
BITFID 24-Hour Trading Volume Reaches $0.00
Gulden  Price Hits $0.0147 on Exchanges
Gulden Price Hits $0.0147 on Exchanges


Leave a Reply

© 2006-2019 Ticker Report