Tygh Capital Management Inc. reduced its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 9.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 315,801 shares of the business services provider’s stock after selling 31,526 shares during the quarter. HMS comprises 1.7% of Tygh Capital Management Inc.’s portfolio, making the stock its 18th biggest holding. Tygh Capital Management Inc.’s holdings in HMS were worth $10,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Parallel Advisors LLC acquired a new stake in shares of HMS in the first quarter valued at about $25,000. Steward Partners Investment Advisory LLC acquired a new stake in HMS during the second quarter worth about $35,000. Quadrant Capital Group LLC grew its position in HMS by 97.4% during the first quarter. Quadrant Capital Group LLC now owns 1,601 shares of the business services provider’s stock worth $46,000 after buying an additional 790 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new stake in HMS during the first quarter worth about $46,000. Finally, Globeflex Capital L P acquired a new stake in HMS during the first quarter worth about $115,000. Institutional investors own 95.56% of the company’s stock.

In other news, insider Teresa South sold 43,937 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $38.47, for a total value of $1,690,256.39. Following the completion of the transaction, the insider now owns 63,875 shares of the company’s stock, valued at approximately $2,457,271.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman William C. Lucia sold 43,719 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $38.47, for a total transaction of $1,681,869.93. Following the completion of the transaction, the chairman now directly owns 184,437 shares of the company’s stock, valued at approximately $7,095,291.39. The disclosure for this sale can be found here. Insiders have sold a total of 500,294 shares of company stock valued at $18,408,252 in the last ninety days. Company insiders own 2.87% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald set a $42.00 target price on HMS and gave the stock a “buy” rating in a research report on Friday, August 2nd. BidaskClub raised HMS from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Leerink Swann assumed 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. Zacks Investment Research downgraded HMS from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Credit Suisse Group raised their price target on shares of HMS from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Two investment 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $42.10.

HMSY stock traded up $0.06 during trading on Wednesday, hitting $38.90. The company had a trading volume of 14,942 shares, compared to its average volume of 653,434. The firm has a 50-day moving average price of $35.75 and a 200-day moving average price of $32.25. The company has a quick ratio of 6.72, a current ratio of 6.72 and a debt-to-equity ratio of 0.32. HMS Holdings Corp has a 12 month low of $26.22 and a 12 month high of $40.67. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 3.31 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 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. HMS had a net margin of 16.08% and a return on equity of 15.22%. The firm had revenue of $168.20 million during the quarter, compared to analyst estimates of $158.25 million. During the same quarter in the previous year, the business earned $0.25 EPS. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities analysts expect that HMS Holdings Corp will post 1.08 EPS for the current year.

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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