HMS Holdings Corp (NASDAQ:HMSY) Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lessened its stake in HMS Holdings Corp (NASDAQ:HMSY) by 45.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 335,425 shares of the business services provider’s stock after selling 278,778 shares during the quarter. GW&K Investment Management LLC owned about 0.40% of HMS worth $5,685,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HMSY. Riverhead Capital Management LLC boosted its position in HMS by 80.4% during the second quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 2,492 shares during the last quarter. Zions Bancorporation acquired a new position in HMS during the third quarter valued at approximately $116,000. Koch Industries Inc. acquired a new position in HMS during the second quarter valued at approximately $197,000. Pitcairn Co. acquired a new position in HMS during the third quarter valued at approximately $203,000. Finally, Amalgamated Bank boosted its position in HMS by 3.8% during the second quarter. Amalgamated Bank now owns 11,574 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 419 shares during the last quarter. 94.24% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on HMSY shares. Canaccord Genuity restated a “buy” rating and issued a $22.00 price objective on shares of HMS in a research note on Monday, October 30th. Jefferies Group restated a “neutral” rating on shares of HMS in a research note on Sunday, November 5th. Zacks Investment Research lowered HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Robert W. Baird reiterated a “buy” rating and set a $17.00 target price on shares of HMS in a research note on Friday, November 10th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $16.00 target price on shares of HMS in a research note on Sunday, November 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $20.39.

Shares of HMS Holdings Corp (NASDAQ:HMSY) traded up $0.28 during mid-day trading on Wednesday, hitting $15.34. The company’s stock had a trading volume of 588,042 shares, compared to its average volume of 519,427. The firm has a market cap of $1,275.55, a P/E ratio of 52.50, a PEG ratio of 2.23 and a beta of 0.84. HMS Holdings Corp has a 52-week low of $11.01 and a 52-week high of $20.90.

HMS declared that its Board of Directors has initiated a stock buyback program on Friday, November 3rd that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership 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.

Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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