ClariVest Asset Management LLC lowered its stake in HMS Holdings Corp (NASDAQ:HMSY) by 33.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,186 shares of the business services provider’s stock after selling 45,090 shares during the quarter. ClariVest Asset Management LLC owned about 0.11% of HMS Holdings Corp worth $1,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of HMS Holdings Corp by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,139,216 shares of the business services provider’s stock valued at $58,076,000 after purchasing an additional 68,089 shares during the last quarter. American Capital Management Inc. raised its holdings in shares of HMS Holdings Corp by 0.9% in the third quarter. American Capital Management Inc. now owns 2,546,223 shares of the business services provider’s stock valued at $50,568,000 after purchasing an additional 22,647 shares during the last quarter. State Street Corp raised its holdings in shares of HMS Holdings Corp by 4.4% in the second quarter. State Street Corp now owns 2,217,293 shares of the business services provider’s stock valued at $41,018,000 after purchasing an additional 92,900 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of HMS Holdings Corp by 49.7% in the third quarter. Bank of New York Mellon Corp now owns 1,723,768 shares of the business services provider’s stock valued at $34,235,000 after purchasing an additional 572,442 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of HMS Holdings Corp by 11.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,522,709 shares of the business services provider’s stock valued at $28,170,000 after purchasing an additional 151,856 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

HMS Holdings Corp (NASDAQ HMSY) traded down $0.27 during trading hours on Tuesday, hitting $15.85. 878,800 shares of the company’s stock traded hands, compared to its average volume of 512,021. HMS Holdings Corp has a 12-month low of $11.01 and a 12-month high of $20.90. The firm has a market capitalization of $1,355.43, a P/E ratio of 31.00, a P/E/G ratio of 2.58 and a beta of 0.94.

HMS Holdings Corp (NASDAQ:HMSY) last released its quarterly earnings data on Friday, November 3rd. The business services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). HMS Holdings Corp had a net margin of 4.94% and a return on equity of 7.93%. The company had revenue of $125.70 million during the quarter, compared to analyst estimates of $147.62 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. HMS Holdings Corp’s revenue for the quarter was up 2.3% on a year-over-year basis. analysts anticipate that HMS Holdings Corp will post 0.57 earnings per share for the current year.

HMS Holdings Corp announced that its Board of Directors has initiated a share buyback plan on Friday, November 3rd that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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A number of equities analysts recently weighed in on the stock. BidaskClub downgraded shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Cantor Fitzgerald restated a “hold” rating and set a $16.00 target price on shares of HMS Holdings Corp in a report on Sunday. Robert W. Baird restated a “buy” rating on shares of HMS Holdings Corp in a report on Sunday. Canaccord Genuity lowered their target price on shares of HMS Holdings Corp from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, November 6th. Finally, Jefferies Group LLC restated a “neutral” rating on shares of HMS Holdings Corp in a report on Sunday, November 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $20.44.

In other news, EVP Semone Neuman sold 20,734 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $17.68, for a total value of $366,577.12. Following the completion of the sale, 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 document filed with the SEC, which is available at this hyperlink. Also, EVP Cynthia Nustad sold 22,907 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $17.64, for a total transaction of $404,079.48. Following the completion of the sale, 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. Over the last quarter, insiders sold 73,535 shares of company stock worth $1,368,537. Corporate insiders own 3.20% 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.

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

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