Dimensional Fund Advisors LP Acquires 68,089 Shares of HMS Holdings Corp (HMSY)
Dimensional Fund Advisors LP raised its holdings in HMS Holdings Corp (NASDAQ:HMSY) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,139,216 shares of the business services provider’s stock after purchasing an additional 68,089 shares during the period. Dimensional Fund Advisors LP owned 3.74% of HMS Holdings Corp worth $58,076,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of HMSY. BlackRock Inc. increased its stake in shares of HMS Holdings Corp by 136,087.1% in the first quarter. BlackRock Inc. now owns 10,239,908 shares of the business services provider’s stock worth $208,179,000 after purchasing an additional 10,232,389 shares in the last quarter. Cambiar Investors LLC purchased a new position in shares of HMS Holdings Corp in the second quarter worth about $14,895,000. Vanguard Group Inc. increased its stake in shares of HMS Holdings Corp by 5.8% in the first quarter. Vanguard Group Inc. now owns 8,363,369 shares of the business services provider’s stock worth $170,028,000 after purchasing an additional 455,459 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in shares of HMS Holdings Corp in the second quarter worth about $6,464,000. Finally, Van Berkom & Associates Inc. increased its stake in shares of HMS Holdings Corp by 9.1% in the second quarter. Van Berkom & Associates Inc. now owns 3,517,939 shares of the business services provider’s stock worth $65,082,000 after purchasing an additional 292,560 shares in the last quarter. Hedge funds and other institutional investors own 92.95% of the company’s stock.
HMS Holdings Corp (HMSY) opened at 18.92 on Tuesday. The stock has a 50 day moving average of $18.97 and a 200-day moving average of $19.00. HMS Holdings Corp has a 52-week low of $15.94 and a 52-week high of $22.05. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 53.90 and a beta of 1.13.
HMS Holdings Corp (NASDAQ:HMSY) last released its earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $133.31 million during the quarter, compared to analysts’ expectations of $135.96 million. HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. On average, equities research analysts anticipate that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on HMSY shares. Canaccord Genuity started coverage on shares of HMS Holdings Corp in a research note on Tuesday, July 11th. They issued a “buy” rating and a $22.00 target price for the company. Cantor Fitzgerald reiterated a “buy” rating and issued a $23.00 target price on shares of HMS Holdings Corp in a research note on Tuesday, September 26th. Robert W. Baird reiterated a “buy” rating and issued a $22.00 target price on shares of HMS Holdings Corp in a research note on Thursday, August 31st. Zacks Investment Research upgraded shares of HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, August 1st. Finally, BidaskClub downgraded shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. HMS Holdings Corp has a consensus rating of “Buy” and an average target price of $22.94.
In related news, Chairman William C. Lucia sold 29,894 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $20.00, for a total value of $597,880.00. Following the completion of the sale, the chairman now directly owns 222,745 shares of the company’s stock, valued at approximately $4,454,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas M. Williams sold 13,140 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $17.78, for a total transaction of $233,629.20. Following the completion of the sale, the insider now directly owns 121,264 shares of the company’s stock, valued at $2,156,073.92. The disclosure for this sale can be found here. Insiders sold a total of 86,675 shares of company stock valued at $1,602,166 over the last three months. 3.20% 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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