HMS Holdings Corp (HMSY) Shares Sold by United Services Automobile Association

United Services Automobile Association lessened its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 78.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,603 shares of the business services provider’s stock after selling 386,477 shares during the period. United Services Automobile Association’s holdings in HMS were worth $2,305,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Macquarie Group Ltd. boosted its holdings in shares of HMS by 344.4% during the second quarter. Macquarie Group Ltd. now owns 8,000 shares of the business services provider’s stock worth $173,000 after acquiring an additional 6,200 shares during the period. NumerixS Investment Technologies Inc bought a new stake in shares of HMS during the second quarter worth approximately $176,000. Sandy Spring Bank bought a new stake in shares of HMS during the second quarter worth approximately $188,000. Trexquant Investment LP bought a new stake in shares of HMS during the second quarter worth approximately $232,000. Finally, Verition Fund Management LLC bought a new stake in shares of HMS during the second quarter worth approximately $248,000. Institutional investors own 96.12% of the company’s stock.

NASDAQ HMSY opened at $30.96 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.87 and a quick ratio of 3.87. HMS Holdings Corp has a 1-year low of $11.01 and a 1-year high of $33.85. The company has a market capitalization of $2.65 billion, a PE ratio of 51.27, a price-to-earnings-growth ratio of 3.80 and a beta of 1.20.

HMS (NASDAQ:HMSY) last released its quarterly earnings results on Friday, August 3rd. The business services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. HMS had a net margin of 6.25% and a return on equity of 5.47%. The company had revenue of $146.80 million during the quarter, compared to the consensus estimate of $139.22 million. During the same period in the previous year, the business earned $0.16 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts anticipate that HMS Holdings Corp will post 0.76 earnings per share for the current year.

A number of brokerages have recently issued reports on HMSY. Zacks Investment Research cut HMS from a “strong-buy” rating to a “hold” rating in a report on Friday, October 5th. BidaskClub cut HMS from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 20th. Chardan Capital started coverage on shares of HMS in a research report on Thursday, September 13th. They issued a “neutral” rating and a $35.00 price target for the company. Credit Suisse Group lifted their price target on shares of HMS from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Finally, ValuEngine upgraded shares of HMS from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 13th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.90.

HMS Company Profile

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.

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Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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