State of Tennessee Treasury Department boosted its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 17.8% during the first quarter, Holdings Channel reports. The fund owned 80,873 shares of the business services provider’s stock after buying an additional 12,205 shares during the period. State of Tennessee Treasury Department’s holdings in HMS Holdings Corp were worth $1,644,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Van Berkom & Associates Inc. boosted its stake in HMS Holdings Corp by 15.9% in the first quarter. Van Berkom & Associates Inc. now owns 3,225,379 shares of the business services provider’s stock worth $65,572,000 after buying an additional 441,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in HMS Holdings Corp by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,941,594 shares of the business services provider’s stock worth $53,420,000 after buying an additional 221,642 shares during the last quarter. American Capital Management Inc. boosted its stake in HMS Holdings Corp by 8.6% in the first quarter. American Capital Management Inc. now owns 2,383,008 shares of the business services provider’s stock worth $48,447,000 after buying an additional 189,085 shares during the last quarter. Pembroke Management LTD boosted its stake in HMS Holdings Corp by 2.5% in the first quarter. Pembroke Management LTD now owns 2,049,796 shares of the business services provider’s stock worth $41,672,000 after buying an additional 50,600 shares during the last quarter. Finally, State Street Corp boosted its position in HMS Holdings Corp by 9.8% in the fourth quarter. State Street Corp now owns 2,039,299 shares of the business services provider’s stock worth $37,030,000 after buying an additional 182,042 shares in the last quarter. 96.43% of the stock is owned by institutional investors.

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

Shares of HMS Holdings Corp (HMSY) opened at 18.49 on Thursday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 47.41 and a beta of 0.97. The company’s 50-day moving average is $19.14 and its 200 day moving average is $18.73. HMS Holdings Corp has a 52-week low of $15.94 and a 52-week high of $24.00.

HMS Holdings Corp (NASDAQ:HMSY) last announced its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.01. The firm had revenue of $114.50 million during the quarter, compared to analyst estimates of $120.08 million. HMS Holdings Corp had a net margin of 7.12% and a return on equity of 10.04%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. On average, analysts expect that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.

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HMSY has been the subject of a number of research analyst reports. Oppenheimer Holdings Inc. set a $25.00 price target on shares of HMS Holdings Corp and gave the stock a “buy” rating in a report on Friday, February 17th. Zacks Investment Research cut shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a report on Wednesday, February 22nd. First Analysis cut shares of HMS Holdings Corp from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $24.00 to $21.00 in a report on Monday, February 27th. Raymond James Financial, Inc. initiated coverage on shares of HMS Holdings Corp in a report on Friday, March 3rd. They issued an “outperform” rating and a $23.00 price target for the company. Finally, TheStreet raised shares of HMS Holdings Corp from a “c+” rating to a “b-” rating in a report on Monday, March 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. HMS Holdings Corp presently has an average rating of “Hold” and an average price target of $23.33.

HMS Holdings Corp Company Profile

HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate.

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