First Trust Advisors LP Buys Shares of 41,019 HMS Holdings Corp. (HMSY)
First Trust Advisors LP bought a new position in HMS Holdings Corp. (NASDAQ:HMSY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 41,019 shares of the company’s stock, valued at approximately $722,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HMSY. Creative Planning raised its position in HMS Holdings Corp. by 400,000.0% in the second quarter. Creative Planning now owns 8,002 shares of the company’s stock worth $141,000 after buying an additional 8,000 shares during the period. M&T Bank Corp acquired a new position in HMS Holdings Corp. during the second quarter worth $186,000. Springbok Capital Management LLC raised its position in HMS Holdings Corp. by 24.1% in the first quarter. Springbok Capital Management LLC now owns 14,500 shares of the company’s stock worth $208,000 after buying an additional 2,820 shares during the period. First Quadrant L P CA acquired a new position in HMS Holdings Corp. during the second quarter worth $275,000. Finally, Eqis Capital Management Inc. raised its position in HMS Holdings Corp. by 12.6% in the second quarter. Eqis Capital Management Inc. now owns 19,441 shares of the company’s stock worth $342,000 after buying an additional 2,176 shares during the period. 96.57% of the stock is currently owned by institutional investors and hedge funds.
HMS Holdings Corp. (NASDAQ:HMSY) traded up 0.47% during mid-day trading on Friday, hitting $21.29. 367,546 shares of the stock traded hands. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 64.32 and a beta of 0.81. HMS Holdings Corp. has a 12 month low of $9.51 and a 12 month high of $24.00. The stock’s 50 day moving average is $22.00 and its 200-day moving average is $18.43.
HMS Holdings Corp. (NASDAQ:HMSY) last issued its earnings results on Friday, August 5th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. HMS Holdings Corp. had a net margin of 5.86% and a return on equity of 8.83%. The company had revenue of $123.60 million for the quarter, compared to analyst estimates of $116.85 million. During the same period in the prior year, the business posted $0.13 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that HMS Holdings Corp. will post $0.69 EPS for the current year.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of HMS Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. TheStreet raised shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Finally, Jefferies Group reissued a “neutral” rating on shares of HMS Holdings Corp. in a research note on Thursday, September 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. HMS Holdings Corp. has a consensus rating of “Buy” and a consensus price target of $21.20.
In other HMS Holdings Corp. news, Director Robert Becker purchased 5,000 shares of the stock in a transaction dated Wednesday, September 14th. The shares were acquired at an average cost of $21.96 per share, for a total transaction of $109,800.00. Following the completion of the transaction, the director now directly owns 11,701 shares of the company’s stock, valued at $256,953.96. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO William C. Lucia sold 45,280 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $22.09, for a total transaction of $1,000,235.20. Following the completion of the sale, the chief executive officer now owns 194,982 shares in the company, valued at $4,307,152.38. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
HMS Holdings Corp. 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.
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