American Capital Management Inc buys $40,659,734 stake in HMS Holdings Corp (HMSY)

HMS Holdings Corp (HMSY) : American Capital Management Inc scooped up 178,746 additional shares in HMS Holdings Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 2,039,104 shares of HMS Holdings Corp which is valued at $40,659,734.HMS Holdings Corp makes up approximately 3.25% of American Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can reduced its stake in HMSY by selling 1,033,049 shares or 56.85% in the most recent quarter. The Hedge Fund company now holds 784,050 shares of HMSY which is valued at $15,633,957. HMS Holdings Corp makes up approx 0.05% of Great West Life Assurance Co Can’s portfolio. Strs Ohio added HMSY to its portfolio by purchasing 59,100 company shares during the most recent quarter which is valued at $1,164,861.Pembroke Management Ltd boosted its stake in HMSY in the latest quarter, The investment management firm added 92,700 additional shares and now holds a total of 2,895,996 shares of HMS Holdings Corp which is valued at $54,473,685. HMS Holdings Corp makes up approx 5.09% of Pembroke Management Ltd’s portfolio. New Century Investment Management Inc added HMSY to its portfolio by purchasing 38,458 company shares during the most recent quarter which is valued at $723,395. HMS Holdings Corp makes up approx 0.37% of New Century Investment Management Inc’s portfolio. First Quadrant L Pca added HMSY to its portfolio by purchasing 15,600 company shares during the most recent quarter which is valued at $293,904. HMS Holdings Corp makes up approx 0.01% of First Quadrant L Pca’s portfolio.

HMS Holdings Corp opened for trading at $21.7 and hit $22.58 on the upside on Monday, eventually ending the session at $22.55, with a gain of 4.64% or 1 points. The heightened volatility saw the trading volume jump to 12,00,748 shares. Company has a market cap of $1,898 M.

On the company’s financial health, HMS Holdings Corp reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.15. The company had revenue of $123.50 million for the quarter, compared to analysts expectations of $116.86 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on HMS Holdings Corp. Credit Suisse Initiated HMS Holdings Corp on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $19.

HMS Holdings Corp. is a holding company. The Company through its subsidiaries operates in the United States healthcare insurance benefit cost containment marketplace. The Company provides coordination of benefits services to government and private healthcare payers and sponsors. The Company’s customers are government health agencies including Centers for Medicare & Medicaid Services (CMS) the Veterans Health Administration (VHA) and state Medicaid agencies; commercial health plans including Medicaid managed care Medicare Advantage and group and individual health lines of business; government and private employers; child support agencies and other healthcare payers and sponsors. As of December 31 2014 the Company also provided services to approximately 220 commercial customers and supported their multiple lines of business including Medicaid managed care Medicare Advantage and group and individual health.

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