Comerica Bank decreased its holdings in shares of HMS Holdings Corp (NASDAQ:HMSY) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,260 shares of the business services provider’s stock after selling 9,982 shares during the quarter. Comerica Bank’s holdings in HMS were worth $2,881,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Van Berkom & Associates Inc. lifted its stake in HMS by 3.4% during the third quarter. Van Berkom & Associates Inc. now owns 3,639,274 shares of the business services provider’s stock worth $72,276,000 after purchasing an additional 121,335 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in HMS by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,230,969 shares of the business services provider’s stock valued at $64,167,000 after buying an additional 91,753 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in HMS by 2.4% in the third quarter. Eagle Asset Management Inc. now owns 3,134,645 shares of the business services provider’s stock valued at $63,319,000 after buying an additional 72,082 shares during the last quarter. American Capital Management Inc. lifted its stake in HMS by 0.9% in the third quarter. American Capital Management Inc. now owns 2,546,223 shares of the business services provider’s stock valued at $50,568,000 after buying an additional 22,647 shares during the last quarter. Finally, State Street Corp lifted its stake in HMS by 4.4% in the second quarter. State Street Corp now owns 2,217,293 shares of the business services provider’s stock valued at $41,018,000 after buying an additional 92,900 shares during the last quarter. Hedge funds and other institutional investors own 96.62% of the company’s stock.
A number of equities research analysts have weighed in on HMSY shares. Citigroup started coverage on HMS in a research note on Thursday, January 4th. They issued a “neutral” rating for the company. Canaccord Genuity reiterated a “buy” rating and issued a $22.00 price objective on shares of HMS in a research note on Monday, October 30th. BidaskClub upgraded HMS from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research cut HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, Cantor Fitzgerald cut HMS from an “overweight” rating to a “neutral” rating in a research note on Monday, November 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $20.39.
HMS Holdings Corp (HMSY) opened at $15.28 on Wednesday. The stock has a market capitalization of $1,314.23, a P/E ratio of 30.06, a PEG ratio of 2.30 and a beta of 0.84. HMS Holdings Corp has a twelve month low of $11.01 and a twelve month high of $20.90.
HMS declared that its board has initiated a share buyback plan on Friday, November 3rd that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
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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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