Man Group plc Lowers Stock Holdings in HMS Holdings Corp (NASDAQ:HMSY)

Man Group plc cut its holdings in HMS Holdings Corp (NASDAQ:HMSY) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 365,316 shares of the business services provider’s stock after selling 46,235 shares during the period. Man Group plc owned 0.41% of HMS worth $12,591,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd grew its position in shares of HMS by 162.5% in the second quarter. Point72 Hong Kong Ltd now owns 953 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 590 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in HMS in the second quarter valued at $35,000. Meeder Asset Management Inc. lifted its position in HMS by 456.7% during the third quarter. Meeder Asset Management Inc. now owns 1,197 shares of the business services provider’s stock worth $41,000 after buying an additional 982 shares during the period. Tower Research Capital LLC TRC purchased a new position in HMS during the third quarter worth about $103,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in HMS in the 3rd quarter worth about $125,000. 97.31% of the stock is currently owned by institutional investors.

Shares of HMS stock opened at $29.04 on Wednesday. The business’s fifty day moving average price is $30.51 and its 200 day moving average price is $33.38. HMS Holdings Corp has a twelve month low of $24.43 and a twelve month high of $40.67. The company has a current ratio of 6.68, a quick ratio of 6.68 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.66 billion, a P/E ratio of 34.57, a PEG ratio of 2.63 and a beta of 1.16.

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

In related news, Director Richard H. Stowe sold 2,766 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $37.43, for a total transaction of $103,531.38. Following the completion of the sale, the director now owns 81,763 shares of the company’s stock, valued at approximately $3,060,389.09. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.87% of the stock is currently owned by insiders.

Several analysts have commented on the company. Guggenheim upgraded HMS from a “neutral” rating to a “buy” rating in a report on Friday, November 22nd. Zacks Investment Research upgraded shares of HMS from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, November 5th. ValuEngine cut shares of HMS from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group lowered their target price on shares of HMS from $45.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, BidaskClub lowered shares of HMS from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. HMS presently has a consensus rating of “Buy” and a consensus target price of $40.76.

HMS Company 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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