United Services Automobile Association Increases Stake in HMS Holdings Corp (HMSY)

United Services Automobile Association boosted its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 104.2% in the fourth quarter, Holdings Channel reports. The fund owned 194,514 shares of the business services provider’s stock after purchasing an additional 99,274 shares during the quarter. United Services Automobile Association’s holdings in HMS were worth $5,472,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Great West Life Assurance Co. Can grew its holdings in HMS by 8.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 111,573 shares of the business services provider’s stock worth $2,900,000 after acquiring an additional 8,302 shares in the last quarter. NumerixS Investment Technologies Inc lifted its position in shares of HMS by 84.3% during the 4th quarter. NumerixS Investment Technologies Inc now owns 6,818 shares of the business services provider’s stock worth $192,000 after buying an additional 3,118 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of HMS during the 4th quarter worth approximately $295,000. Castleark Management LLC lifted its position in shares of HMS by 0.4% during the 4th quarter. Castleark Management LLC now owns 186,025 shares of the business services provider’s stock worth $5,233,000 after buying an additional 770 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of HMS by 180.4% during the 4th quarter. GSA Capital Partners LLP now owns 22,646 shares of the business services provider’s stock worth $637,000 after buying an additional 14,571 shares during the last quarter. 93.65% of the stock is owned by institutional investors.

HMSY has been the subject of several recent analyst reports. ValuEngine downgraded shares of HMS from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 17th. BidaskClub downgraded shares of HMS from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 18th. Finally, Zacks Investment Research downgraded shares of HMS from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. HMS currently has an average rating of “Buy” and a consensus price target of $33.50.

HMSY stock traded up $0.22 on Wednesday, hitting $32.84. The company’s stock had a trading volume of 939 shares, compared to its average volume of 910,128. HMS Holdings Corp has a 1 year low of $16.29 and a 1 year high of $38.15. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 3.07 and a beta of 1.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.40 and a quick ratio of 4.40.

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

In other HMS news, Director William F. Miller III sold 16,953 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $32.50, for a total transaction of $550,972.50. Following the completion of the transaction, the director now owns 157,418 shares in the company, valued at approximately $5,116,085. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bart M. Schwartz sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $32.41, for a total transaction of $648,200.00. Following the transaction, the director now owns 74,874 shares of the company’s stock, valued at approximately $2,426,666.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,008,479 shares of company stock valued at $34,709,365. 4.54% of the stock is owned by insiders.

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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.

See Also: Earnings Per Share (EPS)

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Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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