Wrapmanager Inc. Has $577,000 Holdings in HMS Holdings Corp (NASDAQ:HMSY)

Wrapmanager Inc. increased its position in shares of HMS Holdings Corp (NASDAQ:HMSY) by 103.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,829 shares of the business services provider’s stock after acquiring an additional 9,065 shares during the period. Wrapmanager Inc.’s holdings in HMS were worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HMSY. Stifel Financial Corp raised its position in HMS by 9.1% in the fourth quarter. Stifel Financial Corp now owns 11,280 shares of the business services provider’s stock worth $319,000 after acquiring an additional 941 shares during the period. Cookson Peirce & Co. Inc. raised its holdings in shares of HMS by 1.3% in the first quarter. Cookson Peirce & Co. Inc. now owns 34,945 shares of the business services provider’s stock valued at $1,035,000 after acquiring an additional 445 shares in the last quarter. FMR LLC raised its holdings in HMS by 54.5% in the fourth quarter. FMR LLC now owns 1,316,085 shares of the business services provider’s stock worth $37,022,000 after purchasing an additional 464,210 shares in the last quarter. CAPROCK Group Inc. acquired a new position in shares of HMS during the first quarter valued at about $207,000. Finally, Texas Permanent School Fund boosted its position in HMS by 5.4% in the first quarter. Texas Permanent School Fund now owns 57,898 shares of the business services provider’s stock valued at $1,714,000 after buying an additional 2,990 shares during the last quarter. Institutional investors and hedge funds own 95.74% of the company’s stock.

In other HMS news, Chairman William C. Lucia sold 61,582 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $31.59, for a total value of $1,945,375.38. Following the sale, the chairman now owns 172,878 shares in the company, valued at $5,461,216.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Douglas M. Williams sold 37,540 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $37.93, for a total transaction of $1,423,892.20. Following the transaction, the chief operating officer now directly owns 82,320 shares of the company’s stock, valued at approximately $3,122,397.60. The disclosure for this sale can be found here. Insiders have sold a total of 584,854 shares of company stock worth $21,084,098 in the last quarter. 2.87% of the stock is currently owned by company insiders.



Several research analysts recently commented on HMSY shares. Svb Leerink reissued an “outperform” rating and issued a $50.00 price objective on shares of HMS in a research note on Monday, August 5th. Canaccord Genuity lifted their price target on HMS from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, August 5th. BidaskClub upgraded HMS from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Chardan Capital raised HMS from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $41.00 in a report on Monday, July 1st. Finally, KeyCorp began coverage on HMS in a research note on Monday, June 24th. They set a “sector weight” rating and a $31.86 price target for the company. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. HMS currently has a consensus rating of “Buy” and a consensus target price of $42.10.

Shares of HMS stock traded down $0.70 on Wednesday, hitting $39.23. 10,145 shares of the company’s stock traded hands, compared to its average volume of 582,092. HMS Holdings Corp has a one year low of $26.22 and a one year high of $39.96. The company has a market cap of $3.48 billion, a PE ratio of 46.79, a PEG ratio of 3.18 and a beta of 1.39. The company has a quick ratio of 6.72, a current ratio of 6.72 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $34.75.

HMS (NASDAQ:HMSY) last released its quarterly earnings results on Friday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.18. HMS had a net margin of 16.08% and a return on equity of 15.22%. The firm had revenue of $168.20 million for the quarter, compared to analysts’ expectations of $158.25 million. During the same period in the prior year, the firm earned $0.25 EPS. The business’s revenue was up 14.6% on a year-over-year basis. Research analysts expect that HMS Holdings Corp will post 1.08 earnings per share for the current year.

About HMS

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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