HMS Holdings Corp (HMSY) Position Increased by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA boosted its holdings in shares of HMS Holdings Corp (NASDAQ:HMSY) by 70.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,307 shares of the business services provider’s stock after purchasing an additional 12,153 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in HMS Holdings Corp were worth $542,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. LS Investment Advisors LLC raised its stake in HMS Holdings Corp by 48.3% during the 1st quarter. LS Investment Advisors LLC now owns 5,512 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 1,795 shares during the period. Ameritas Investment Partners Inc. purchased a new position in HMS Holdings Corp during the 1st quarter valued at approximately $148,000. Fox Run Management L.L.C. purchased a new position in HMS Holdings Corp during the 2nd quarter valued at approximately $198,000. Oppenheimer Asset Management Inc. purchased a new position in HMS Holdings Corp during the 1st quarter valued at approximately $268,000. Finally, SG Americas Securities LLC purchased a new position in HMS Holdings Corp during the 2nd quarter valued at approximately $251,000. 93.04% of the stock is currently owned by institutional investors.
HMS Holdings Corp (NASDAQ:HMSY) opened at 18.75 on Thursday. The stock has a 50 day moving average price of $18.29 and a 200-day moving average price of $18.83. The stock has a market cap of $1.58 billion, a PE ratio of 53.42 and a beta of 1.10. HMS Holdings Corp has a one year low of $15.94 and a one year high of $23.06.
HMS Holdings Corp (NASDAQ:HMSY) last announced its earnings results on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The firm had revenue of $133.31 million for the quarter, compared to analyst estimates of $135.96 million. During the same period in the previous year, the company earned $0.18 EPS. HMS Holdings Corp’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts expect that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.
HMSY has been the subject of several research analyst reports. Jefferies Group LLC restated a “hold” rating and set a $21.50 price target on shares of HMS Holdings Corp in a report on Friday, June 16th. Canaccord Genuity initiated coverage on HMS Holdings Corp in a report on Tuesday, July 11th. They set a “buy” rating and a $22.00 price target for the company. Cantor Fitzgerald initiated coverage on HMS Holdings Corp in a report on Wednesday, June 14th. They set an “overweight” rating and a $23.00 price target for the company. Zacks Investment Research upgraded HMS Holdings Corp from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Robert W. Baird restated a “buy” rating and set a $22.00 price target on shares of HMS Holdings Corp in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $22.94.
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In other HMS Holdings Corp news, EVP Semone Neuman sold 20,734 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $17.68, for a total transaction of $366,577.12. Following the completion of the transaction, the executive vice president now owns 96,722 shares of the company’s stock, valued at $1,710,044.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Cynthia Nustad sold 22,907 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $17.64, for a total value of $404,079.48. Following the transaction, the executive vice president now directly owns 73,877 shares of the company’s stock, valued at approximately $1,303,190.28. The disclosure for this sale can be found here. Insiders have sold 56,781 shares of company stock valued at $1,004,286 in the last three months. Insiders own 3.20% of the company’s stock.
HMS Holdings Corp 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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