Fox Run Management L.L.C. purchased a new stake in shares of HMS Holdings Corp (NASDAQ:HMSY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,700 shares of the business services provider’s stock, valued at approximately $198,000.

A number of other hedge funds have also bought and sold shares of HMSY. Stephens Inc. AR increased its stake in HMS Holdings Corp by 0.3% in the first quarter. Stephens Inc. AR now owns 29,737 shares of the business services provider’s stock valued at $605,000 after buying an additional 78 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in HMS Holdings Corp by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 9,230 shares of the business services provider’s stock worth $187,000 after buying an additional 90 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in HMS Holdings Corp by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,954 shares of the business services provider’s stock worth $126,000 after buying an additional 165 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in HMS Holdings Corp by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 19,340 shares of the business services provider’s stock worth $393,000 after buying an additional 360 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in HMS Holdings Corp by 5.6% in the first quarter. Mason Street Advisors LLC now owns 19,538 shares of the business services provider’s stock worth $397,000 after buying an additional 1,038 shares during the last quarter. 93.43% of the stock is owned by institutional investors and hedge funds.

Shares of HMS Holdings Corp (NASDAQ HMSY) opened at 19.26 on Tuesday. The stock has a market capitalization of $1.62 billion, a PE ratio of 48.15 and a beta of 1.06. HMS Holdings Corp has a 52-week low of $15.94 and a 52-week high of $24.00. The company’s 50 day moving average price is $18.86 and its 200 day moving average price is $18.84.

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

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A number of equities research analysts recently issued reports on HMSY shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $26.00 price objective (up from $24.00) on shares of HMS Holdings Corp in a research note on Friday, March 31st. Jefferies Group LLC reiterated a “hold” rating and set a $22.00 price target (up from $19.00) on shares of HMS Holdings Corp in a research report on Thursday, April 13th. Zacks Investment Research upgraded HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Friday, April 14th. TheStreet lowered HMS Holdings Corp from a “b” rating to a “c+” rating in a report on Friday, May 12th. Finally, Cantor Fitzgerald started coverage on HMS Holdings Corp in a report on Wednesday, June 14th. They set an “overweight” rating and a $23.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $23.06.

In other HMS Holdings Corp news, EVP Semone Neuman sold 14,546 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $19.00, for a total transaction of $276,374.00. Following the sale, the executive vice president now owns 122,685 shares in the company, valued at approximately $2,331,015. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bart M. Schwartz purchased 1,500 shares of the company’s stock in a transaction on Monday, June 12th. The shares were purchased at an average price of $19.28 per share, for a total transaction of $28,920.00. Following the purchase, the director now owns 46,868 shares in the company, valued at approximately $903,615.04. The disclosure for this purchase can be found here. 3.20% of the stock is currently owned by insiders.

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.

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

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