Peregrine Capital Management LLC acquired a new stake in shares of HMS Holdings Corp (NASDAQ:HMSY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 349,430 shares of the business services provider’s stock, valued at approximately $6,464,000. Peregrine Capital Management LLC owned about 0.42% of HMS Holdings Corp at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted 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 valued at $208,179,000 after buying an additional 10,232,389 shares in the last quarter. Norges Bank bought a new stake in shares of HMS Holdings Corp during the fourth quarter valued at about $21,392,000. UBS Asset Management Americas Inc. boosted its stake in shares of 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 valued at $12,995,000 after buying an additional 666,929 shares in the last quarter. Vanguard Group Inc. boosted 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 valued at $170,028,000 after buying an additional 455,459 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake 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 valued at $65,572,000 after buying an additional 441,300 shares in the last quarter. 94.66% of the stock is owned by institutional investors.
Shares of HMS Holdings Corp (HMSY) traded down 0.51% during mid-day trading on Friday, reaching $17.43. 433,907 shares of the company were exchanged. The firm’s 50-day moving average is $18.69 and its 200-day moving average is $18.90. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 49.66 and a beta of 1.08. HMS Holdings Corp has a 12 month low of $15.94 and a 12 month high of $23.06.
HMS Holdings Corp (NASDAQ:HMSY) last posted its quarterly 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. The company had revenue of $133.31 million during the quarter, compared to analyst estimates of $135.96 million. HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. On average, equities analysts forecast that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.
Several analysts have recently issued reports on HMSY shares. Jefferies Group LLC reissued a “hold” rating and set a $21.50 price objective on shares of HMS Holdings Corp in a research note on Friday, June 16th. TheStreet cut shares of HMS Holdings Corp from a “b” rating to a “c+” rating in a research note on Friday, May 12th. Zacks Investment Research cut shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Cantor Fitzgerald started coverage on shares of HMS Holdings Corp in a research report on Wednesday, June 14th. They set an “overweight” rating and a $23.00 price target for the company. Finally, Canaccord Genuity started coverage on shares of HMS Holdings Corp in a research report on Tuesday, July 11th. They set a “buy” rating and a $22.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $23.06.
In related news, Director Bart M. Schwartz purchased 1,500 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were bought at an average cost of $19.28 per share, for a total transaction of $28,920.00. Following the transaction, the director now directly owns 46,868 shares of the company’s stock, valued at approximately $903,615.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Semone Neuman sold 14,546 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $19.00, for a total transaction of $276,374.00. Following the completion of the sale, the executive vice president now owns 122,685 shares in the company, valued at $2,331,015. The disclosure for this sale can be found here. Company 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.
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