State of Alaska Department of Revenue Has $850,000 Stake in HMS Holdings Corp (HMSY)

State of Alaska Department of Revenue increased its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) by 2.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 28,723 shares of the business services provider’s stock after acquiring an additional 665 shares during the period. State of Alaska Department of Revenue’s holdings in HMS were worth $850,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. We Are One Seven LLC bought a new stake in HMS during the 4th quarter valued at approximately $84,000. BlueMountain Capital Management LLC bought a new stake in HMS during the 3rd quarter valued at approximately $146,000. LS Investment Advisors LLC boosted its stake in HMS by 80.0% during 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in HMS by 11.3% during the 4th 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 during the period. Finally, NumerixS Investment Technologies Inc boosted its stake in HMS by 84.3% during the 4th 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 during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director William F. Miller III sold 16,953 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $32.50, for a total value of $550,972.50. Following the completion of the transaction, the director now directly owns 157,418 shares of the company’s stock, valued at approximately $5,116,085. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Meredith W. Bjorck sold 2,362 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was 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 directly owns 51,755 shares of the company’s stock, valued at $1,557,825.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,018,795 shares of company stock valued at $35,023,853. 2.87% of the stock is currently owned by insiders.

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

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

HMSY has been the subject of several recent analyst reports. Zacks Investment Research upgraded HMS from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, January 22nd. BidaskClub downgraded HMS from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Cantor Fitzgerald downgraded HMS from an “overweight” rating to a “neutral” rating and set a $29.40 price objective for the company. in a research report on Wednesday, April 17th. Finally, William Blair reiterated an “outperform” rating on shares of HMS in a research report on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. HMS presently has an average rating of “Buy” and an average target price of $33.04.

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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.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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