JPMorgan Chase & Co. lessened its stake in HMS Holdings Corp (NASDAQ:HMSY) by 26.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 199,686 shares of the business services provider’s stock after selling 73,081 shares during the quarter. JPMorgan Chase & Co.’s holdings in HMS were worth $5,913,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of HMSY. Parallel Advisors LLC acquired a new stake in shares of HMS in the 1st quarter valued at about $25,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of HMS in the 4th quarter valued at about $32,000. Financial Gravity Wealth Inc. acquired a new stake in shares of HMS in the 1st quarter valued at about $46,000. Quadrant Capital Group LLC raised its stake in shares of HMS by 97.4% in the 1st quarter. Quadrant Capital Group LLC now owns 1,601 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 790 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of HMS by 80.0% in the 4th quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 2,230 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.
In other HMS news, insider Meredith W. Bjorck sold 2,362 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $30.10, for a total value of $71,096.20. Following the completion of the transaction, the insider now owns 51,755 shares in the company, valued at approximately $1,557,825.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman William C. Lucia sold 22,978 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $31.79, for a total transaction of $730,470.62. Following the completion of the transaction, the chairman now owns 143,332 shares of the company’s stock, valued at approximately $4,556,524.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,670 shares of company stock valued at $5,662,198. 2.87% of the stock is owned by insiders.
NASDAQ HMSY opened at $30.55 on Friday. HMS Holdings Corp has a 52 week low of $21.46 and a 52 week high of $38.15. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 2.71 and a beta of 1.46.
HMS (NASDAQ:HMSY) last posted its earnings results on Friday, May 3rd. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.12 by $0.16. HMS had a net margin of 11.28% and a return on equity of 14.02%. The firm had revenue of $148.00 million during the quarter, compared to analysts’ expectations of $144.13 million. During the same quarter in the prior year, the firm earned $0.22 EPS. HMS’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that HMS Holdings Corp will post 1.03 earnings per share for the current year.
A number of brokerages have recently issued reports on HMSY. Zacks Investment Research lowered shares of HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. BidaskClub lowered shares of HMS from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Cantor Fitzgerald upgraded shares of HMS from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $33.14.
HMS Company Profile
HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.
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