Icon Advisers Inc. Co. Takes $869,000 Position in HMS Holdings Corp (HMSY)
Icon Advisers Inc. Co. purchased a new position in shares of HMS Holdings Corp (NASDAQ:HMSY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 47,000 shares of the business services provider’s stock, valued at approximately $869,000. Icon Advisers Inc. Co. owned approximately 0.06% of HMS Holdings Corp at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC boosted its position in HMS Holdings Corp by 48.3% during the first quarter. LS Investment Advisors LLC now owns 5,512 shares of the business services provider’s stock worth $112,000 after purchasing an additional 1,795 shares in the last quarter. Riverhead Capital Management LLC boosted its position in HMS Holdings Corp by 80.4% during the second quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after purchasing an additional 2,492 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in HMS Holdings Corp during the first quarter worth approximately $148,000. Fox Run Management L.L.C. purchased a new position in HMS Holdings Corp during the second quarter worth approximately $198,000. Finally, Oppenheimer & Co. Inc. boosted its position in HMS Holdings Corp by 1.9% during the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.
A number of equities analysts have issued reports on HMSY shares. Canaccord Genuity started coverage on HMS Holdings Corp in a research report on Tuesday, July 11th. They set a “buy” rating and a $22.00 price target on the stock. Zacks Investment Research upgraded HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Tuesday, August 1st. Robert W. Baird reiterated a “buy” rating and set a $22.00 price target on shares of HMS Holdings Corp in a research report on Thursday, August 31st. BidaskClub downgraded 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 set a $21.50 price target on shares of HMS Holdings Corp in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. HMS Holdings Corp presently has a consensus rating of “Buy” and a consensus target price of $22.94.
In related news, EVP Cynthia Nustad sold 22,907 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $17.64, for a total value of $404,079.48. Following the sale, the executive vice president now owns 73,877 shares of the company’s stock, valued at approximately $1,303,190.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Semone Neuman sold 20,734 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $17.68, for a total value of $366,577.12. Following the completion of the sale, the executive vice president now directly owns 96,722 shares in the company, valued at approximately $1,710,044.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,781 shares of company stock worth $1,004,286. 3.20% of the stock is owned by corporate insiders.
HMS Holdings Corp (NASDAQ HMSY) opened at 18.92 on Monday. The firm has a market cap of $1.59 billion, a PE ratio of 53.90 and a beta of 1.10. The firm’s 50 day moving average price is $18.22 and its 200-day moving average price is $18.84. HMS Holdings Corp has a one year low of $15.94 and a one year high of $23.06.
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 analysts’ consensus estimates 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 company had revenue of $133.31 million during the quarter, compared to analysts’ expectations of $135.96 million. During the same period in the previous year, the company posted $0.18 EPS. HMS Holdings Corp’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts predict that HMS Holdings Corp will post $0.81 EPS for the current fiscal year.
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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.
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