Ameriprise Financial Inc. raised its stake in HMS Holdings Corp (NASDAQ:HMSY) by 3.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 439,297 shares of the business services provider’s stock after buying an additional 14,222 shares during the period. Ameriprise Financial Inc.’s holdings in HMS Holdings Corp were worth $8,931,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HMSY. Norges Bank acquired a new stake in HMS Holdings Corp during the fourth quarter valued at $21,392,000. UBS Asset Management Americas Inc. boosted its stake in HMS Holdings Corp by 1,371.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 715,550 shares of the business services provider’s stock valued at $12,995,000 after buying an additional 666,929 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in HMS Holdings Corp by 15.9% in the first quarter. Van Berkom & Associates Inc. now owns 3,225,379 shares of the business services provider’s stock valued at $65,572,000 after buying an additional 441,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in HMS Holdings Corp by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,941,594 shares of the business services provider’s stock valued at $53,420,000 after buying an additional 221,642 shares during the last quarter. Finally, American Capital Management Inc. boosted its stake in HMS Holdings Corp by 8.6% in the first quarter. American Capital Management Inc. now owns 2,383,008 shares of the business services provider’s stock valued at $48,447,000 after buying an additional 189,085 shares during the last quarter. Hedge funds and other institutional investors own 94.10% of the company’s stock.

Institutional Ownership by Quarter for HMS Holdings Corp (NASDAQ:HMSY)

HMS Holdings Corp (NASDAQ:HMSY) opened at 19.16 on Tuesday. The stock’s 50 day moving average is $18.85 and its 200 day moving average is $18.77. HMS Holdings Corp has a one year low of $15.94 and a one year high of $24.00. The firm has a market capitalization of $1.61 billion, a P/E ratio of 47.90 and a beta of 1.20.

HMS Holdings Corp (NASDAQ:HMSY) last posted its quarterly earnings results on Wednesday, May 10th. The business services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.01. The business had revenue of $114.50 million during the quarter, compared to the consensus estimate of $120.08 million. HMS Holdings Corp had a return on equity of 9.70% and a net margin of 6.92%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, equities research analysts predict that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “HMS Holdings Corp (HMSY) Position Increased by Ameriprise Financial Inc.” was reported by Daily Political and is owned by of Daily Political. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/06/20/hms-holdings-corp-hmsy-position-increased-by-ameriprise-financial-inc.html.

Several equities research analysts have weighed in on HMSY shares. Zacks Investment Research cut HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Jefferies Group LLC restated a “hold” rating and set a $22.00 target price (up from $19.00) on shares of HMS Holdings Corp in a research note on Thursday, April 13th. TheStreet cut HMS Holdings Corp from a “b” rating to a “c+” rating in a research note on Friday, May 12th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $26.00 target price (up from $24.00) on shares of HMS Holdings Corp in a research note on Friday, March 31st. Finally, First Analysis cut HMS Holdings Corp from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $24.00 to $21.00 in a research note on Monday, February 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. HMS Holdings Corp presently has an average rating of “Buy” and a consensus price target of $23.21.

In other HMS Holdings Corp news, Director Bart M. Schwartz purchased 1,500 shares of the stock in a transaction on Monday, June 12th. The stock was acquired at an average cost of $19.28 per share, with a total value of $28,920.00. Following the completion of the purchase, the director now directly owns 46,868 shares of the company’s stock, valued at approximately $903,615.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Semone Neuman sold 14,546 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $19.00, for a total transaction of $276,374.00. Following the completion of the sale, the executive vice president now directly owns 122,685 shares of the company’s stock, valued at $2,331,015. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

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.

Want to see what other hedge funds are holding HMSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HMS Holdings Corp (NASDAQ:HMSY).

Receive News & Ratings for HMS Holdings Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS Holdings Corp and related companies with MarketBeat.com's FREE daily email newsletter.