UBS Group AG Decreases Stake in HMS Holdings Corp (HMSY)

UBS Group AG lowered its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 53.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,058 shares of the business services provider’s stock after selling 10,328 shares during the period. UBS Group AG’s holdings in HMS Holdings Corp were worth $184,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Stoneridge Investment Partners LLC acquired a new stake in HMS Holdings Corp during the first quarter worth about $726,000. Nationwide Fund Advisors boosted its position in HMS Holdings Corp by 2.3% in the first quarter. Nationwide Fund Advisors now owns 98,924 shares of the business services provider’s stock worth $2,011,000 after buying an additional 2,222 shares in the last quarter. OppenheimerFunds Inc. boosted its position in HMS Holdings Corp by 29.2% in the first quarter. OppenheimerFunds Inc. now owns 21,480 shares of the business services provider’s stock worth $437,000 after buying an additional 4,850 shares in the last quarter. Russell Investments Group Ltd. bought a new position in HMS Holdings Corp during the fourth quarter worth $403,000. Finally, Guggenheim Capital LLC boosted its position in HMS Holdings Corp by 192.1% in the fourth quarter. Guggenheim Capital LLC now owns 66,208 shares of the business services provider’s stock worth $1,203,000 after buying an additional 43,542 shares in the last quarter. 94.66% of the stock is owned by institutional investors.

HMS Holdings Corp (HMSY) opened at 17.43 on Friday. The company has a market cap 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 company’s 50-day moving average price is $18.69 and its 200 day moving average price is $18.90.

HMS Holdings Corp (NASDAQ:HMSY) last posted its quarterly earnings data on Friday, August 4th. The business services provider reported $0.16 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 analysts’ expectations of $135.96 million. During the same quarter in the previous year, the company posted $0.18 EPS. HMS Holdings Corp’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts anticipate that HMS Holdings Corp will post $0.81 EPS for the current year.

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Several research firms have recently commented on HMSY. BidaskClub cut HMS Holdings Corp from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Raymond James Financial, Inc. upgraded HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Thursday, August 10th. UBS AG upgraded HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, August 10th. Zacks Investment Research cut HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC restated a “hold” rating and set a $21.50 price objective on shares of HMS Holdings Corp in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. HMS Holdings Corp has a consensus rating of “Buy” and a consensus target price of $23.06.

In other news, Director Bart M. Schwartz purchased 1,500 shares of HMS Holdings Corp stock in a transaction that occurred on Monday, June 12th. The stock was bought at an average price of $19.28 per share, with a total value of $28,920.00. Following the completion of the transaction, the director now directly owns 46,868 shares of the company’s stock, valued at $903,615.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas M. Williams sold 13,140 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $17.78, for a total transaction of $233,629.20. Following the sale, the insider now directly owns 121,264 shares of the company’s stock, valued at approximately $2,156,073.92. The disclosure for this sale 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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