Oppenheimer & Co. Inc. cut its position in HMS Holdings Corp (NASDAQ:HMSY) by 49.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,667 shares of the business services provider’s stock after selling 10,459 shares during the period. Oppenheimer & Co. Inc.’s holdings in HMS Holdings Corp were worth $217,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of HMS Holdings Corp during the fourth quarter worth about $403,000. State Street Corp boosted its stake in HMS Holdings Corp by 9.8% in the fourth quarter. State Street Corp now owns 2,039,299 shares of the business services provider’s stock worth $37,030,000 after buying an additional 182,042 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in HMS Holdings Corp by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,941,594 shares of the business services provider’s stock worth $53,420,000 after buying an additional 221,642 shares in the last quarter. Allianz Asset Management AG boosted its stake in HMS Holdings Corp by 458.5% in the fourth quarter. Allianz Asset Management AG now owns 121,853 shares of the business services provider’s stock worth $2,213,000 after buying an additional 100,036 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in HMS Holdings Corp by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,954 shares of the business services provider’s stock worth $126,000 after buying an additional 165 shares in the last quarter. Institutional investors own 93.75% of the company’s stock.

Shares of HMS Holdings Corp (HMSY) traded down 0.92% during midday trading on Thursday, hitting $19.45. The company had a trading volume of 915,387 shares. The company’s 50-day moving average price is $19.07 and its 200 day moving average price is $18.91. HMS Holdings Corp has a 12-month low of $15.94 and a 12-month high of $24.00. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 46.31 and a beta of 1.08.

HMS Holdings Corp (NASDAQ:HMSY) last released its earnings results on Wednesday, May 10th. The business services provider reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. HMS Holdings Corp had a return on equity of 9.70% and a net margin of 6.92%. The firm had revenue of $114.50 million for the quarter, compared to analysts’ expectations of $120.08 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Equities research analysts predict that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.

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Several research firms have recently commented on HMSY. Zacks Investment Research cut HMS Holdings Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $21.50 target price on shares of HMS Holdings Corp in a report on Friday, June 16th. TheStreet lowered HMS Holdings Corp from a “b” rating to a “c+” rating in a report on Friday, May 12th. Cantor Fitzgerald began coverage on HMS Holdings Corp in a report on Wednesday, June 14th. They issued an “overweight” rating and a $23.00 price target on the stock. Finally, Canaccord Genuity initiated coverage on HMS Holdings Corp in a report on Tuesday, July 11th. They issued a “buy” rating and a $22.00 price target on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. HMS Holdings Corp has a consensus rating of “Buy” and an average target price of $23.06.

In related news, Director Bart M. Schwartz purchased 1,500 shares of the company’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 completion of the purchase, the director now directly owns 46,868 shares of the company’s stock, valued at approximately $903,615.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Semone Neuman sold 14,546 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $19.00, for a total transaction of $276,374.00. Following the completion of the transaction, 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. 3.20% of the stock is currently owned by corporate insiders.

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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