New York State Common Retirement Fund grew its holdings in HMS Holdings Corp (NASDAQ:HMSY) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 281,458 shares of the business services provider’s stock after purchasing an additional 1,998 shares during the period. New York State Common Retirement Fund owned approximately 0.32% of HMS worth $8,334,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis Advisors L.P. increased its holdings in HMS by 3.2% during the 4th quarter. Natixis Advisors L.P. now owns 10,845 shares of the business services provider’s stock worth $305,000 after acquiring an additional 336 shares during the period. Redmond Asset Management LLC increased its holdings in shares of HMS by 0.8% in the 4th quarter. Redmond Asset Management LLC now owns 50,700 shares of the business services provider’s stock worth $1,426,000 after buying an additional 400 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of HMS by 1.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the business services provider’s stock worth $945,000 after buying an additional 436 shares during the last quarter. Cookson Peirce & Co. Inc. increased its holdings in shares of HMS by 1.3% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 34,945 shares of the business services provider’s stock worth $1,035,000 after buying an additional 445 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of HMS by 1.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,266 shares of the business services provider’s stock worth $867,000 after buying an additional 494 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors.
HMSY traded up $0.66 during trading on Friday, hitting $32.39. 527,958 shares of the stock traded hands, compared to its average volume of 583,922. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 38.56, a P/E/G ratio of 2.80 and a beta of 1.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.34 and a quick ratio of 5.34. The company has a 50-day moving average price of $30.87. HMS Holdings Corp has a 12-month low of $21.46 and a 12-month high of $38.15.
A number of equities analysts have recently commented on HMSY shares. Zacks Investment Research lowered shares of HMS from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. William Blair reissued an “outperform” rating on shares of HMS in a report on Thursday, March 14th. BidaskClub cut shares of HMS from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Cantor Fitzgerald cut shares of HMS from an “overweight” rating to a “neutral” rating and set a $29.40 price objective for the company. in a research note on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. HMS presently has a consensus rating of “Buy” and a consensus target price of $33.02.
In related news, CEO William C. Lucia sold 1,700 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $31.62, for a total value of $53,754.00. Following the completion of the transaction, the chief executive officer now directly owns 143,332 shares in the company, valued at approximately $4,532,157.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Meredith W. Bjorck sold 2,362 shares of the stock in a transaction dated 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 transaction, 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 have sold a total of 182,670 shares of company stock valued at $5,662,198 in the last three months. 2.87% of the stock is currently owned by corporate insiders.
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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