Van Berkom & Associates Inc. lessened its position in HMS Holdings Corp (NASDAQ:HMSY) by 15.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,261,401 shares of the business services provider’s stock after selling 573,818 shares during the period. HMS makes up 3.0% of Van Berkom & Associates Inc.’s portfolio, making the stock its 3rd biggest position. Van Berkom & Associates Inc. owned approximately 3.89% of HMS worth $107,007,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in shares of HMS by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 16,690 shares of the business services provider’s stock worth $361,000 after acquiring an additional 2,289 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of HMS by 13.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,925 shares of the business services provider’s stock worth $654,000 after acquiring an additional 2,322 shares during the period. Intrust Bank NA increased its holdings in shares of HMS by 23.7% in the 2nd quarter. Intrust Bank NA now owns 15,457 shares of the business services provider’s stock worth $334,000 after acquiring an additional 2,965 shares during the period. First Quadrant L P CA acquired a new stake in shares of HMS in the 3rd quarter worth about $107,000. Finally, Scout Investments Inc. increased its holdings in shares of HMS by 2.2% in the 3rd quarter. Scout Investments Inc. now owns 158,319 shares of the business services provider’s stock worth $5,194,000 after acquiring an additional 3,343 shares during the period. 95.42% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of HMS from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a report on Thursday, November 8th. BidaskClub raised shares of HMS from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 7th. Cantor Fitzgerald increased their price objective on shares of HMS to $31.00 and gave the stock a “neutral” rating in a report on Monday, November 5th. First Analysis raised shares of HMS from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $31.00 to $38.00 in a report on Sunday, November 4th. Finally, Chardan Capital assumed coverage on shares of HMS in a research report on Thursday, September 13th. They issued a “neutral” rating and a $35.00 target price for the company. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.64.
HMS (NASDAQ:HMSY) last announced its earnings results on Friday, November 2nd. The business services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.10. The firm had revenue of $154.20 million during the quarter, compared to analyst estimates of $140.93 million. HMS had a net margin of 8.01% and a return on equity of 10.63%. HMS’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. Equities research analysts expect that HMS Holdings Corp will post 0.85 EPS for the current fiscal 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.
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