Strs Ohio bought a new stake in HMS Holdings Corp (NASDAQ:HMSY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 41,200 shares of the business services provider’s stock, valued at approximately $1,351,000.
Several other large investors have also recently modified their holdings of the company. Jackson Financial Management acquired a new position in shares of HMS in the 3rd quarter valued at approximately $242,000. CAPROCK Group Inc. acquired a new position in shares of HMS in the 3rd quarter valued at approximately $246,000. Scout Investments Inc. raised its position in shares of HMS by 2.2% in the 3rd quarter. Scout Investments Inc. now owns 158,319 shares of the business services provider’s stock valued at $5,194,000 after buying an additional 3,343 shares in the last quarter. Bank of Montreal Can raised its position in shares of HMS by 31.4% in the 3rd quarter. Bank of Montreal Can now owns 62,774 shares of the business services provider’s stock valued at $2,060,000 after buying an additional 14,983 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of HMS by 1.4% in the 2nd quarter. Northern Trust Corp now owns 1,133,001 shares of the business services provider’s stock valued at $24,495,000 after buying an additional 15,596 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.
HMSY opened at $29.48 on Friday. HMS Holdings Corp has a fifty-two week low of $11.01 and a fifty-two week high of $33.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.87 and a current ratio of 3.87. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 68.56, a price-to-earnings-growth ratio of 3.50 and a beta of 1.20.
HMS (NASDAQ:HMSY) last posted its earnings results on Friday, August 3rd. The business services provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.06. HMS had a net margin of 6.25% and a return on equity of 5.47%. The firm had revenue of $146.80 million for the quarter, compared to analyst estimates of $139.22 million. During the same period in the previous year, the firm posted $0.16 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities research analysts forecast that HMS Holdings Corp will post 0.76 EPS for the current fiscal year.
Several brokerages have recently commented on HMSY. Zacks Investment Research cut shares of HMS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 5th. BidaskClub lowered shares of HMS from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 20th. Chardan Capital started coverage on shares of HMS in a report on Thursday, September 13th. They set a “neutral” rating and a $35.00 price target on the stock. Credit Suisse Group lifted their price target on shares of HMS from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. Finally, ValuEngine raised shares of HMS from a “buy” rating to a “strong-buy” rating in a report on Monday, August 13th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $30.90.
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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