Virginia Retirement Systems ET AL acquired a new stake in HMS Holdings Corp (NASDAQ:HMSY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 69,225 shares of the business services provider’s stock, valued at approximately $2,271,000. Virginia Retirement Systems ET AL owned 0.08% of HMS as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of HMSY. BlackRock Inc. increased its holdings in HMS by 7.0% during the 2nd quarter. BlackRock Inc. now owns 11,583,749 shares of the business services provider’s stock valued at $250,443,000 after acquiring an additional 759,265 shares in the last quarter. WINTON GROUP Ltd purchased a new position in HMS during the 3rd quarter valued at about $12,776,000. Citadel Advisors LLC increased its holdings in HMS by 135.6% during the 2nd quarter. Citadel Advisors LLC now owns 503,899 shares of the business services provider’s stock valued at $10,895,000 after acquiring an additional 290,017 shares in the last quarter. Standard Life Aberdeen plc increased its holdings in HMS by 34.2% during the 2nd quarter. Standard Life Aberdeen plc now owns 1,060,125 shares of the business services provider’s stock valued at $22,915,000 after acquiring an additional 269,878 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in HMS during the 3rd quarter valued at about $5,819,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.
In related news, Director William F. Miller III sold 5,877 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $34.61, for a total value of $203,402.97. Following the completion of the sale, the director now directly owns 170,656 shares in the company, valued at $5,906,404.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman William C. Lucia sold 45,035 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $35.35, for a total transaction of $1,591,987.25. Following the completion of the sale, the chairman now owns 207,605 shares of the company’s stock, valued at $7,338,836.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 688,645 shares of company stock valued at $24,027,123. 4.54% of the stock is owned by insiders.
Several equities analysts have weighed in on HMSY shares. Credit Suisse Group raised their target price on shares of HMS from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, August 22nd. ValuEngine upgraded shares of HMS from a “buy” rating to a “strong-buy” rating in a report on Monday, August 13th. Chardan Capital began coverage on shares of HMS in a report on Thursday, September 13th. They set a “neutral” rating and a $35.00 target price for the company. Zacks Investment Research downgraded shares of HMS from a “strong-buy” rating to a “hold” rating in a report on Friday, October 5th. Finally, BidaskClub upgraded shares of HMS from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 7th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $33.90.
Shares of NASDAQ HMSY traded down $0.77 during midday trading on Wednesday, reaching $34.43. 712,573 shares of the stock were exchanged, compared to its average volume of 703,436. The company has a market cap of $3.00 billion, a PE ratio of 80.07, a price-to-earnings-growth ratio of 3.77 and a beta of 1.35. HMS Holdings Corp has a 52-week low of $14.88 and a 52-week high of $38.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.04 and a quick ratio of 4.04.
HMS (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, November 2nd. The business services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. HMS had a net margin of 8.01% and a return on equity of 10.63%. The business had revenue of $154.20 million during the quarter, compared to the consensus estimate of $140.93 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. On average, analysts anticipate that HMS Holdings Corp will post 0.85 EPS for the current year.
HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.
Read More: What is the NASDAQ?