First Trust Advisors LP reduced its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 13.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 127,332 shares of the business services provider’s stock after selling 19,734 shares during the period. First Trust Advisors LP’s holdings in HMS were worth $3,770,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in HMS during the 1st quarter valued at $25,000. Oregon Public Employees Retirement Fund purchased a new position in shares of HMS during the 4th quarter valued at $32,000. Financial Gravity Wealth Inc. purchased a new position in shares of HMS during the 1st quarter valued at $46,000. Quadrant Capital Group LLC grew its holdings in shares of HMS by 97.4% during the 1st quarter. Quadrant Capital Group LLC now owns 1,601 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 790 shares in the last quarter. Finally, LS Investment Advisors LLC grew its holdings in shares of HMS by 80.0% during the 4th quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 2,230 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors.
Several research firms have recently commented on HMSY. Zacks Investment Research cut shares of HMS from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. BidaskClub cut shares of HMS from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Cantor Fitzgerald upgraded shares of HMS from a “neutral” rating to an “overweight” rating in a report on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. HMS has a consensus rating of “Buy” and a consensus price target of $33.14.
In related news, Chairman William C. Lucia sold 1,200 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $31.04, for a total value of $37,248.00. Following the completion of the sale, the chairman now directly owns 143,632 shares in the company, valued at $4,458,337.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman William C. Lucia sold 59,862 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $30.31, for a total transaction of $1,814,417.22. Following the completion of the sale, the chairman now owns 182,397 shares of the company’s stock, valued at $5,528,453.07. The disclosure for this sale can be found here. Insiders sold 182,670 shares of company stock valued at $5,662,198 over the last quarter. 2.87% of the stock is currently owned by corporate insiders.
HMS stock opened at $30.24 on Friday. The firm has a market cap of $2.66 billion, a PE ratio of 32.50, a P/E/G ratio of 2.70 and a beta of 1.46. HMS Holdings Corp has a 12 month low of $21.46 and a 12 month high of $38.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.34 and a current ratio of 5.34.
HMS (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, May 3rd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.16. The firm had revenue of $148.00 million during the quarter, compared to analysts’ expectations of $144.13 million. HMS had a net margin of 11.28% and a return on equity of 14.02%. HMS’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. As a group, equities analysts expect that HMS Holdings Corp will post 1.03 earnings per share for the current fiscal year.
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HMS Company Profile
HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.
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