Alliancebernstein L.P. Has $2,807,000 Holdings in HMS Holdings Corp (HMSY)

Alliancebernstein L.P. continued to hold its stake in shares of HMS Holdings Corp (NASDAQ:HMSY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 151,717 shares of the business services provider’s stock at the close of the 2nd quarter. Alliancebernstein L.P. owned about 0.18% of HMS Holdings Corp worth $2,807,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its holdings in shares of HMS Holdings Corp by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the business services provider’s stock worth $633,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of HMS Holdings Corp by 0.5% during the second quarter. Arizona State Retirement System now owns 43,697 shares of the business services provider’s stock worth $808,000 after acquiring an additional 200 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of HMS Holdings Corp by 1.9% during the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after acquiring an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of HMS Holdings Corp by 1.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 19,340 shares of the business services provider’s stock worth $393,000 after acquiring an additional 360 shares in the last quarter. Finally, Texas Permanent School Fund raised its holdings in shares of HMS Holdings Corp by 1.2% during the second quarter. Texas Permanent School Fund now owns 61,245 shares of the business services provider’s stock worth $1,133,000 after acquiring an additional 751 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.

In other HMS Holdings Corp news, EVP Cynthia Nustad sold 22,907 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $17.64, for a total transaction of $404,079.48. Following the sale, the executive vice president now directly owns 73,877 shares of the company’s stock, valued at approximately $1,303,190.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Semone Neuman sold 20,734 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $17.68, for a total transaction of $366,577.12. Following the sale, the executive vice president now directly owns 96,722 shares in the company, valued at $1,710,044.96. The disclosure for this sale can be found here. Insiders have sold a total of 86,675 shares of company stock worth $1,602,166 over the last three months. Insiders own 3.20% of the company’s stock.

HMS Holdings Corp (HMSY) opened at 19.26 on Thursday. The firm’s 50-day moving average is $18.85 and its 200 day moving average is $19.00. HMS Holdings Corp has a 52-week low of $15.94 and a 52-week high of $22.05. The firm has a market capitalization of $1.62 billion, a P/E ratio of 54.87 and a beta of 1.14.

HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The business had revenue of $133.31 million for the quarter, compared to the consensus estimate of $135.96 million. During the same period last year, the firm earned $0.18 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that HMS Holdings Corp will post $0.81 EPS for the current year.

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Several analysts recently issued reports on HMSY shares. Jefferies Group LLC reiterated a “hold” rating and set a $21.50 price objective on shares of HMS Holdings Corp in a report on Friday, June 16th. Robert W. Baird reiterated a “buy” rating and set a $22.00 price objective on shares of HMS Holdings Corp in a report on Thursday, August 31st. Canaccord Genuity started coverage on HMS Holdings Corp in a report on Tuesday, July 11th. They set a “buy” rating and a $22.00 price objective for the company. Cantor Fitzgerald started coverage on HMS Holdings Corp in a report on Wednesday, June 14th. They set an “overweight” rating and a $23.00 price objective for the company. Finally, Zacks Investment Research upgraded HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. HMS Holdings Corp currently has a consensus rating of “Buy” and an average price target of $22.94.

About HMS Holdings Corp

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

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