CAPROCK Group Inc. Acquires New Position in HMS Holdings Corp (HMSY)

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CAPROCK Group Inc. acquired a new stake in shares of HMS Holdings Corp (NASDAQ:HMSY) in the first quarter, HoldingsChannel.com reports. The fund acquired 6,983 shares of the business services provider’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HMSY. Norges Bank acquired a new stake in HMS during the 4th quarter valued at approximately $42,907,000. Oregon Public Employees Retirement Fund acquired a new position in shares of HMS in the 4th quarter worth approximately $32,000. FMR LLC acquired a new position in shares of HMS in the 3rd quarter worth approximately $27,949,000. Deutsche Bank AG grew its position in shares of HMS by 140.3% in the 4th quarter. Deutsche Bank AG now owns 852,553 shares of the business services provider’s stock worth $23,979,000 after acquiring an additional 497,695 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its position in shares of HMS by 45.5% in the 3rd quarter. Standard Life Aberdeen plc now owns 1,542,251 shares of the business services provider’s stock worth $50,578,000 after acquiring an additional 482,126 shares in the last quarter. Hedge funds and other institutional investors own 95.44% of the company’s stock.

NASDAQ:HMSY opened at $30.26 on Tuesday. HMS Holdings Corp has a 12-month low of $17.11 and a 12-month high of $38.15. The company has a market cap of $2.58 billion, a P/E ratio of 36.02, a P/E/G ratio of 2.85 and a beta of 1.61. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.34.

HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, February 22nd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. HMS had a return on equity of 14.21% and a net margin of 9.19%. The business had revenue of $155.80 million during the quarter, compared to analyst estimates of $155.84 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts expect that HMS Holdings Corp will post 0.97 EPS for the current fiscal year.

HMSY has been the subject of several research reports. BidaskClub lowered HMS from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 18th. ValuEngine lowered HMS from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 17th. Finally, Zacks Investment Research upgraded HMS from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, January 16th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.50.

In other HMS news, insider Teresa South sold 216,903 shares of HMS stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $34.57, for a total transaction of $7,498,336.71. Following the sale, the insider now owns 137,622 shares of the company’s stock, valued at approximately $4,757,592.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Meredith W. Bjorck sold 2,362 shares of HMS stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.10, for a total value of $71,096.20. Following the sale, the insider now directly owns 51,755 shares in the company, valued at approximately $1,557,825.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,018,795 shares of company stock valued at $35,023,853 in the last 90 days. Insiders own 4.54% of the company’s stock.

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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.

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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)

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