Aristotle Capital Boston LLC Increases Holdings in HMS Holdings Corp (HMSY)
Aristotle Capital Boston LLC grew its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 13.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 655,604 shares of the business services provider’s stock after acquiring an additional 76,738 shares during the quarter. HMS comprises 1.6% of Aristotle Capital Boston LLC’s portfolio, making the stock its 10th biggest position. Aristotle Capital Boston LLC’s holdings in HMS were worth $21,510,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in HMSY. FMR LLC acquired a new stake in HMS during the third quarter worth about $27,949,000. BlackRock Inc. increased its stake in HMS by 7.0% during the second quarter. BlackRock Inc. now owns 11,583,749 shares of the business services provider’s stock worth $250,443,000 after acquiring an additional 759,265 shares during the last quarter. Standard Life Aberdeen plc increased its stake in HMS by 45.5% during the third quarter. Standard Life Aberdeen plc now owns 1,542,251 shares of the business services provider’s stock worth $50,578,000 after acquiring an additional 482,126 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in HMS during the third quarter worth about $12,776,000. Finally, Prudential Financial Inc. increased its stake in HMS by 152.1% during the third quarter. Prudential Financial Inc. now owns 558,613 shares of the business services provider’s stock worth $18,328,000 after acquiring an additional 337,041 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.
In other HMS news, SVP Greg D. Aunan sold 6,725 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $35.76, for a total transaction of $240,486.00. Following the completion of the sale, the senior vice president now owns 38,991 shares in the company, valued at approximately $1,394,318.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Teresa South sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $35.69, for a total value of $99,932.00. Following the sale, the executive vice president now owns 103,024 shares of the company’s stock, valued at approximately $3,676,926.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 864,761 shares of company stock valued at $30,211,427. 3.20% of the stock is owned by insiders.
HMS (NASDAQ:HMSY) last posted its earnings results on Friday, November 2nd. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. HMS had a return on equity of 10.63% and a net margin of 8.01%. The business had revenue of $154.20 million during the quarter, compared to analyst estimates of $140.93 million. During the same quarter last year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. Equities analysts predict that HMS Holdings Corp will post 0.85 earnings per share for the current year.
Several brokerages have commented on HMSY. Cantor Fitzgerald upped their price target on HMS to $31.00 and gave the stock a “neutral” rating in a research note on Monday, November 5th. BidaskClub lowered HMS from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. First Analysis upgraded HMS from a “neutral” rating to an “outperform” rating and increased their target price for the company from $31.00 to $38.00 in a research note on Sunday, November 4th. Zacks Investment Research upgraded HMS from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a research note on Thursday, November 8th. Finally, ValuEngine upgraded HMS from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 13th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $33.90.
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HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.
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