Guggenheim Capital LLC trimmed its holdings in shares of HMS Holdings (NASDAQ:HMSY) by 20.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 112,656 shares of the business services provider’s stock after selling 29,360 shares during the period. Guggenheim Capital LLC owned approximately 0.13% of HMS worth $1,911,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Rathbone Brothers plc bought a new position in shares of HMS during the 4th quarter worth about $207,000. Koch Industries Inc. bought a new position in shares of HMS during the 4th quarter worth about $227,000. Envestnet Asset Management Inc. lifted its holdings in shares of HMS by 120.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 15,236 shares of the business services provider’s stock worth $302,000 after acquiring an additional 8,316 shares during the period. Jefferies Group LLC bought a new position in shares of HMS during the 4th quarter worth about $311,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of HMS during the 4th quarter worth about $430,000. 99.46% of the stock is owned by institutional investors.
HMSY has been the subject of a number of analyst reports. BidaskClub raised shares of HMS from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded shares of HMS from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Citigroup initiated coverage on shares of HMS in a report on Thursday, January 4th. They set a “neutral” rating for the company. Canaccord Genuity lifted their price target on shares of HMS from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, ValuEngine downgraded shares of HMS from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company. HMS currently has a consensus rating of “Hold” and an average target price of $19.81.
Shares of HMSY stock opened at $17.84 on Tuesday. HMS Holdings has a 12-month low of $11.01 and a 12-month high of $20.90. The stock has a market cap of $1,457.84, a P/E ratio of 41.49, a PEG ratio of 2.46 and a beta of 0.84. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.40.
HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.07). HMS had a net margin of 7.56% and a return on equity of 7.33%. The firm had revenue of $148.49 million for the quarter, compared to the consensus estimate of $136.77 million. During the same period in the prior year, the business earned $0.20 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. equities research analysts expect that HMS Holdings will post 0.65 EPS for the current fiscal year.
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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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