Prudential Financial Inc. Has $7,224,000 Position in HMS Holdings Corp. (HMSY)
Prudential Financial Inc. boosted its position in shares of HMS Holdings Corp. (NASDAQ:HMSY) by 14.9% during the second quarter, Holdings Channel reports. The institutional investor owned 410,242 shares of the company’s stock after buying an additional 53,100 shares during the period. Prudential Financial Inc. owned about 0.49% of HMS Holdings Corp. worth $7,224,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of HMSY. Capstone Asset Management Co. raised its stake in HMS Holdings Corp. by 3.4% in the second quarter. Capstone Asset Management Co. now owns 25,179 shares of the company’s stock worth $443,000 after buying an additional 820 shares during the period. Creative Planning raised its stake 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. BNP Paribas Arbitrage SA raised its stake in HMS Holdings Corp. by 117.2% in the second quarter. BNP Paribas Arbitrage SA now owns 26,277 shares of the company’s stock worth $463,000 after buying an additional 14,178 shares during the period. First Republic Investment Management Inc. raised its stake in HMS Holdings Corp. by 89.6% in the first quarter. First Republic Investment Management Inc. now owns 39,560 shares of the company’s stock worth $567,000 after buying an additional 18,700 shares during the period. Finally, Barclays PLC raised its stake in HMS Holdings Corp. by 100.5% in the first quarter. Barclays PLC now owns 56,555 shares of the company’s stock worth $792,000 after buying an additional 28,355 shares during the period. 96.56% of the stock is owned by institutional investors.
HMS Holdings Corp. (NASDAQ:HMSY) opened at 21.52 on Monday. The firm’s 50-day moving average price is $22.00 and its 200 day moving average price is $18.43. HMS Holdings Corp. has a one year low of $9.51 and a one year high of $24.00. The firm has a market cap of $1.82 billion, a P/E ratio of 65.02 and a beta of 0.81.
HMS Holdings Corp. (NASDAQ:HMSY) last posted its earnings results on Friday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The company earned $123.60 million during the quarter, compared to analyst estimates of $116.85 million. HMS Holdings Corp. had a return on equity of 8.83% and a net margin of 5.86%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. On average, equities research analysts forecast that HMS Holdings Corp. will post $0.69 EPS for the current year.
HMSY has been the subject of a number of research analyst reports. Jefferies Group reissued a “neutral” rating on shares of HMS Holdings Corp. in a research report on Thursday, September 8th. Zacks Investment Research upgraded HMS Holdings Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, TheStreet upgraded HMS Holdings Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. HMS Holdings Corp. presently has an average rating of “Buy” and a consensus target price of $21.20.
In other HMS Holdings Corp. news, Director Robert Becker acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were acquired at an average price of $21.96 per share, for a total transaction of $109,800.00. Following the acquisition, the director now directly owns 11,701 shares of the company’s stock, valued at approximately $256,953.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William C. Lucia sold 45,280 shares of HMS Holdings Corp. stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $22.09, for a total value of $1,000,235.20. Following the transaction, the chief executive officer now owns 194,982 shares in the company, valued at approximately $4,307,152.38. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
About HMS Holdings Corp.
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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