Stephens Investment Management Group LLC boosted its stake in HMS Holdings Corp (NASDAQ:HMSY) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,479,955 shares of the business services provider’s stock after acquiring an additional 8,269 shares during the period. Stephens Investment Management Group LLC owned 1.70% of HMS worth $47,936,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HMSY. FMR LLC increased its position in HMS by 54.5% in the 4th quarter. FMR LLC now owns 1,316,085 shares of the business services provider’s stock valued at $37,022,000 after acquiring an additional 464,210 shares during the period. Nordea Investment Management AB increased its position in HMS by 117.1% in the 1st quarter. Nordea Investment Management AB now owns 281,963 shares of the business services provider’s stock valued at $8,350,000 after acquiring an additional 152,063 shares during the period. BlackRock Inc. increased its position in HMS by 1.1% in the 1st quarter. BlackRock Inc. now owns 12,586,566 shares of the business services provider’s stock valued at $372,687,000 after acquiring an additional 136,998 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in HMS by 142.0% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 206,655 shares of the business services provider’s stock valued at $6,694,000 after acquiring an additional 121,256 shares during the period. Finally, SG Americas Securities LLC increased its position in HMS by 1,242.1% in the 2nd quarter. SG Americas Securities LLC now owns 113,874 shares of the business services provider’s stock valued at $3,688,000 after acquiring an additional 105,389 shares during the period. Hedge funds and other institutional investors own 95.74% of the company’s stock.

HMSY has been the topic of several recent research reports. Zacks Investment Research cut HMS from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. KeyCorp initiated coverage on HMS in a research report on Monday, June 24th. They set a “sector weight” rating and a $31.86 target price on the stock. Leerink Swann initiated coverage on HMS in a research report on Monday, August 5th. They set an “outperform” rating and a $50.00 target price on the stock. Canaccord Genuity boosted their target price on HMS from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Svb Leerink reiterated an “outperform” rating and set a $50.00 target price on shares of HMS in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $42.10.

NASDAQ HMSY traded down $0.36 on Thursday, hitting $38.80. 6,269 shares of the company’s stock were exchanged, compared to its average volume of 619,392. The company has a current ratio of 6.72, a quick ratio of 6.72 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $34.90. HMS Holdings Corp has a fifty-two week low of $26.22 and a fifty-two week high of $39.96. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 47.01, a price-to-earnings-growth ratio of 3.29 and a beta of 1.39.

HMS (NASDAQ:HMSY) last released its earnings results on Friday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.18. HMS had a return on equity of 15.22% and a net margin of 16.08%. The company had revenue of $168.20 million for the quarter, compared to analysts’ expectations of $158.25 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities analysts expect that HMS Holdings Corp will post 1.08 EPS for the current year.

In other news, COO Douglas M. Williams sold 37,540 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $37.93, for a total transaction of $1,423,892.20. Following the sale, the chief operating officer now owns 82,320 shares of the company’s stock, valued at approximately $3,122,397.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman William C. Lucia sold 22,978 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $31.79, for a total value of $730,470.62. Following the sale, the chairman now directly owns 143,332 shares in the company, valued at approximately $4,556,524.28. The disclosure for this sale can be found here. Insiders have sold a total of 584,854 shares of company stock worth $21,084,098 in the last three months. Corporate insiders own 2.87% of the company’s stock.

About HMS

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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Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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