HMS Holdings Corp (NASDAQ:HMSY) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in HMS Holdings Corp (NASDAQ:HMSY) by 19.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101,811 shares of the business services provider’s stock after selling 24,277 shares during the period. New York State Common Retirement Fund owned 0.12% of HMS Holdings Corp worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System boosted its stake in shares of HMS Holdings Corp by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the business services provider’s stock worth $633,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of HMS Holdings Corp by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 43,697 shares of the business services provider’s stock worth $808,000 after purchasing an additional 200 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of HMS Holdings Corp by 1.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after purchasing an additional 200 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of HMS Holdings Corp by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 36,087 shares of the business services provider’s stock worth $668,000 after acquiring an additional 259 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of HMS Holdings Corp by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 19,340 shares of the business services provider’s stock worth $393,000 after acquiring an additional 360 shares during the last quarter. 93.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HMS Holdings Corp (NASDAQ:HMSY) traded up $0.02 on Friday, hitting $15.60. 415,500 shares of the stock traded hands, compared to its average volume of 505,233. HMS Holdings Corp has a 52 week low of $11.01 and a 52 week high of $20.90. The firm has a market capitalization of $1,310.02, a P/E ratio of 29.96, a price-to-earnings-growth ratio of 2.39 and a beta of 0.94.

HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, November 3rd. The business services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). HMS Holdings Corp had a net margin of 4.94% and a return on equity of 7.93%. The company had revenue of $125.70 million for the quarter, compared to the consensus estimate of $147.62 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. HMS Holdings Corp’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities analysts forecast that HMS Holdings Corp will post 0.59 earnings per share for the current fiscal year.

HMS Holdings Corp announced that its Board of Directors has approved a stock buyback plan on Friday, November 3rd that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Several equities research analysts recently issued reports on HMSY shares. Jefferies Group LLC reissued a “hold” rating and issued a $21.50 target price on shares of HMS Holdings Corp in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Tuesday, August 1st. BidaskClub lowered shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 4th. UBS AG upgraded shares of HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. upgraded shares of HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. HMS Holdings Corp has a consensus rating of “Buy” and a consensus target price of $21.83.

In other HMS Holdings Corp news, EVP Cynthia Nustad sold 22,907 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $17.64, for a total transaction of $404,079.48. Following the sale, the executive vice president now owns 73,877 shares in the company, valued at approximately $1,303,190.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Semone Neuman sold 20,734 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $17.68, for a total value of $366,577.12. Following the sale, the executive vice president now owns 96,722 shares in the company, valued at approximately $1,710,044.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,535 shares of company stock worth $1,368,537. 3.20% of the stock is owned by company insiders.

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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.

Institutional Ownership by Quarter for HMS Holdings Corp (NASDAQ:HMSY)

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