Goldman Sachs Group Inc. grew its stake in HMS Holdings Corp (NASDAQ:HMSY) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,522,709 shares of the business services provider’s stock after acquiring an additional 151,856 shares during the quarter. Goldman Sachs Group Inc. owned about 1.81% of HMS Holdings Corp worth $28,170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Van Berkom & Associates Inc. increased its stake in shares of HMS Holdings Corp by 9.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 3,517,939 shares of the business services provider’s stock worth $65,082,000 after acquiring an additional 292,560 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of HMS Holdings Corp by 29.2% in the 1st quarter. OppenheimerFunds Inc. now owns 21,480 shares of the business services provider’s stock worth $437,000 after acquiring an additional 4,850 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of HMS Holdings Corp by 0.7% in the 1st quarter. AQR Capital Management LLC now owns 287,619 shares of the business services provider’s stock worth $5,848,000 after acquiring an additional 1,922 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of HMS Holdings Corp by 28.1% in the 1st quarter. Russell Investments Group Ltd. now owns 28,398 shares of the business services provider’s stock worth $577,000 after acquiring an additional 6,229 shares during the last quarter. Finally, Marshall Wace North America L.P. increased its stake in shares of HMS Holdings Corp by 137.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 295,878 shares of the business services provider’s stock worth $5,622,000 after acquiring an additional 171,516 shares during the last quarter. 93.09% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/10/12/goldman-sachs-group-inc-buys-151856-shares-of-hms-holdings-corp-hmsy.html.

In other HMS Holdings Corp news, EVP Semone Neuman sold 20,734 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $17.68, for a total transaction 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 $1,710,044.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William C. Lucia sold 29,894 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $20.00, for a total value of $597,880.00. Following the sale, the chairman now owns 222,745 shares of the company’s stock, valued at $4,454,900. The disclosure for this sale can be found here. Insiders have sold 86,675 shares of company stock worth $1,602,166 over the last quarter. 3.20% of the stock is currently owned by company insiders.

Shares of HMS Holdings Corp (HMSY) opened at 19.26 on Thursday. HMS Holdings Corp has a 12 month low of $15.94 and a 12 month high of $22.05. The firm has a market capitalization of $1.62 billion, a P/E ratio of 54.87 and a beta of 1.14. The company’s 50 day moving average price is $18.85 and its 200-day moving average price is $19.00.

HMS Holdings Corp (NASDAQ:HMSY) last released its earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The business had revenue of $133.31 million for the quarter, compared to analysts’ expectations of $135.96 million. During the same quarter last year, the company posted $0.18 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.

A number of analysts have issued reports on the company. BidaskClub downgraded HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research raised HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, August 1st. Jefferies Group LLC reissued a “hold” rating and set a $21.50 price objective on shares of HMS Holdings Corp in a research report on Wednesday, July 19th. Cantor Fitzgerald started coverage on HMS Holdings Corp in a research report on Wednesday, June 14th. They set an “overweight” rating and a $23.00 price objective for the company. Finally, UBS AG raised HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $22.94.

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.

Want to see what other hedge funds are holding HMSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HMS Holdings Corp (NASDAQ:HMSY).

Institutional Ownership by Quarter for HMS Holdings Corp (NASDAQ:HMSY)

Receive News & Stock Ratings for HMS Holdings Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS Holdings Corp and related stocks with our FREE daily email newsletter.