HMS Holdings Corp (HMSY) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 1.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,900 shares of the business services provider’s stock after purchasing an additional 436 shares during the period. Louisiana State Employees Retirement System’s holdings in HMS were worth $945,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. We Are One Seven LLC purchased a new position in HMS during the fourth quarter valued at approximately $84,000. BlueMountain Capital Management LLC purchased a new position in HMS during the third quarter valued at approximately $146,000. LS Investment Advisors LLC grew its position in HMS by 80.0% during the fourth 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. Zurcher Kantonalbank Zurich Cantonalbank grew its position in HMS by 11.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,826 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 592 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its position in HMS by 84.3% during the fourth quarter. NumerixS Investment Technologies Inc now owns 6,818 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 3,118 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ HMSY opened at $28.11 on Friday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 2.64 and a beta of 1.61. HMS Holdings Corp has a 12-month low of $17.11 and a 12-month high of $38.15.

HMS (NASDAQ:HMSY) last posted its earnings results on Friday, February 22nd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The firm had revenue of $155.80 million during the quarter, compared to analysts’ expectations of $155.84 million. HMS had a net margin of 9.19% and a return on equity of 14.21%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. As a group, analysts anticipate that HMS Holdings Corp will post 0.97 EPS for the current fiscal year.

In other HMS news, insider Meredith W. Bjorck sold 7,954 shares of HMS stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $30.60, for a total value of $243,392.40. Following the completion of the sale, the insider now directly owns 51,755 shares in the company, valued at $1,583,703. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Meredith W. Bjorck sold 2,362 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.10, for a total transaction of $71,096.20. Following the completion of the sale, the insider now owns 51,755 shares of the company’s stock, valued at $1,557,825.50. The disclosure for this sale can be found here. Insiders sold 1,018,795 shares of company stock valued at $35,023,853 over the last quarter. Corporate insiders own 2.87% of the company’s stock.

A number of brokerages recently commented on HMSY. Cantor Fitzgerald reaffirmed a “hold” rating and set a $34.00 price objective on shares of HMS in a research report on Friday, February 22nd. BidaskClub raised shares of HMS from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Zacks Investment Research downgraded shares of HMS from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, William Blair reaffirmed an “outperform” rating on shares of HMS in a research report on Thursday, March 14th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $33.04.

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

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