HMS Holdings Corp (NASDAQ:HMSY) Shares Acquired by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lifted its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 28.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,923 shares of the business services provider’s stock after acquiring an additional 69,423 shares during the quarter. Parametric Portfolio Associates LLC owned 0.35% of HMS worth $10,750,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HMSY. Steward Partners Investment Advisory LLC purchased a new stake in shares of HMS during the 2nd quarter worth approximately $35,000. SG Americas Securities LLC boosted its stake in shares of HMS by 1,242.1% during the 2nd quarter. SG Americas Securities LLC now owns 113,874 shares of the business services provider’s stock worth $3,688,000 after acquiring an additional 105,389 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of HMS by 142.0% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 206,655 shares of the business services provider’s stock worth $6,694,000 after acquiring an additional 121,256 shares in the last quarter. Aperio Group LLC lifted its stake in HMS by 3.9% in the 2nd quarter. Aperio Group LLC now owns 37,488 shares of the business services provider’s stock valued at $1,214,000 after buying an additional 1,421 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in HMS by 28.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 32,080 shares of the business services provider’s stock valued at $1,039,000 after buying an additional 7,010 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently issued reports on HMSY. Credit Suisse Group reduced their target price on HMS from $45.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. ValuEngine lowered HMS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Guggenheim raised HMS from a “neutral” rating to a “buy” rating in a research note on Friday, November 22nd. BidaskClub lowered HMS from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. Finally, Zacks Investment Research raised HMS from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. HMS currently has an average rating of “Buy” and an average price target of $40.76.

HMSY traded down $0.14 during trading on Thursday, hitting $29.46. The company’s stock had a trading volume of 568,506 shares, compared to its average volume of 552,528. The firm’s 50 day moving average price is $29.56 and its 200-day moving average price is $33.21. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.68 and a quick ratio of 6.68. The stock has a market cap of $2.60 billion, a PE ratio of 35.07, a PEG ratio of 2.53 and a beta of 1.15. HMS Holdings Corp has a twelve month low of $24.43 and a twelve month high of $40.67.

HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, November 1st. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $146.82 million during the quarter, compared to the consensus estimate of $165.79 million. HMS had a return on equity of 14.28% and a net margin of 16.69%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. Equities analysts anticipate that HMS Holdings Corp will post 1.05 earnings per share for the current year.

HMS Profile

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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Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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