Morgan Stanley Has $7.79 Million Position in HMS Holdings Corp (NASDAQ:HMSY)

Morgan Stanley lowered its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 43.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 382,986 shares of the business services provider’s stock after selling 288,877 shares during the period. Morgan Stanley owned approximately 0.46% of HMS Holdings Corp worth $7,786,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in HMS Holdings Corp during the fourth quarter worth approximately $21,392,000. UBS Asset Management Americas Inc. boosted its stake in HMS Holdings Corp by 1,371.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 715,550 shares of the business services provider’s stock worth $12,995,000 after buying an additional 666,929 shares during the last quarter. Vanguard Group Inc. increased its position 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 buying an additional 455,459 shares during the period. Van Berkom & Associates Inc. increased its position in shares of HMS Holdings Corp by 15.9% in the first quarter. Van Berkom & Associates Inc. now owns 3,225,379 shares of the business services provider’s stock worth $65,572,000 after buying an additional 441,300 shares during the period. Finally, Mackenzie Financial Corp increased its position in shares of HMS Holdings Corp by 14.5% in the first quarter. Mackenzie Financial Corp now owns 2,572,933 shares of the business services provider’s stock worth $52,308,000 after buying an additional 326,778 shares during the period. Hedge funds and other institutional investors own 94.66% of the company’s stock.

Shares of HMS Holdings Corp (NASDAQ HMSY) opened at 17.43 on Friday. The stock has a market capitalization of $1.46 billion, a PE ratio of 49.66 and a beta of 1.08. HMS Holdings Corp has a 52 week low of $15.94 and a 52 week high of $23.06. The stock has a 50 day moving average of $18.69 and a 200-day moving average of $18.90.

HMS Holdings Corp (NASDAQ:HMSY) last posted its earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $135.96 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts expect that HMS Holdings Corp will post $0.81 EPS for the current year.

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HMSY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Tuesday, August 1st. Canaccord Genuity began coverage on shares of HMS Holdings Corp in a research report on Tuesday, July 11th. They issued a “buy” rating and a $22.00 price target on the stock. TheStreet downgraded shares of HMS Holdings Corp from a “b” rating to a “c+” rating in a research report on Friday, May 12th. BidaskClub downgraded shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $21.50 price target on shares of HMS Holdings Corp in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. HMS Holdings Corp has a consensus rating of “Buy” and an average target price of $23.06.

In related news, insider Douglas M. Williams sold 13,140 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $17.78, for a total value of $233,629.20. Following the completion of the transaction, the insider now directly owns 121,264 shares in the company, valued at approximately $2,156,073.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bart M. Schwartz bought 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average price of $19.28 per share, with a total value of $28,920.00. Following the completion of the purchase, the director now owns 46,868 shares in the company, valued at $903,615.04. The disclosure for this purchase can be found here. Insiders own 3.20% of the company’s stock.

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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