PEAK6 Investments L.P. Buys New Position in HMS Holdings Corp (HMSY)

PEAK6 Investments L.P. bought a new position in shares of HMS Holdings Corp (NASDAQ:HMSY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 162,459 shares of the business services provider’s stock, valued at approximately $2,754,000.

Other hedge funds have also bought and sold shares of the company. Zions Bancorporation acquired a new position in HMS during the third quarter worth approximately $116,000. Rathbone Brothers plc acquired a new position in HMS during the fourth quarter worth approximately $207,000. Koch Industries Inc. acquired a new position in HMS during the fourth quarter worth approximately $227,000. Hartford Investment Management Co. acquired a new position in HMS during the third quarter worth approximately $228,000. Finally, Envestnet Asset Management Inc. increased its position in HMS by 120.2% during the third quarter. Envestnet Asset Management Inc. now owns 15,236 shares of the business services provider’s stock worth $302,000 after buying an additional 8,316 shares during the period. Hedge funds and other institutional investors own 99.40% of the company’s stock.

HMS Holdings Corp (HMSY) opened at $17.38 on Wednesday. The stock has a market capitalization of $1,447.28, a P/E ratio of 37.94, a PEG ratio of 2.45 and a beta of 0.86. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.40. HMS Holdings Corp has a twelve month low of $11.01 and a twelve month high of $20.90.

HMS (NASDAQ:HMSY) last posted its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.07). HMS had a net margin of 7.56% and a return on equity of 7.33%. The business had revenue of $148.49 million during the quarter, compared to analysts’ expectations of $136.77 million. During the same quarter last year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. sell-side analysts forecast that HMS Holdings Corp will post 0.65 EPS for the current year.

A number of research firms have recently issued reports on HMSY. Citigroup began coverage on HMS in a report on Thursday, January 4th. They issued a “neutral” rating on the stock. Robert W. Baird reissued a “buy” rating on shares of HMS in a report on Sunday, November 19th. BidaskClub lowered HMS from a “sell” rating to a “strong sell” rating in a report on Monday, February 5th. Zacks Investment Research lowered HMS from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $16.00 target price on shares of HMS in a report on Sunday, November 19th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. HMS currently has a consensus rating of “Hold” and a consensus target price of $20.50.

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About HMS

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 (NASDAQ:HMSY)

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