Cortina Asset Management Lowers stake in HMS Holdings Corp (HMSY)

HMS Holdings Corp (HMSY) : Cortina Asset Management reduced its stake in HMS Holdings Corp by 3.12% during the most recent quarter end. The investment management company now holds a total of 2,384,959 shares of HMS Holdings Corp which is valued at $55,426,447 after selling 76,860 shares in HMS Holdings Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.HMS Holdings Corp makes up approximately 2.37% of Cortina Asset Management’s portfolio.

Other Hedge Funds, Including , Tfs Capital reduced its stake in HMSY by selling 99,884 shares or 68.23% in the most recent quarter. The Hedge Fund company now holds 46,501 shares of HMSY which is valued at $1,080,683. HMS Holdings Corp makes up approx 0.19% of Tfs Capital’s portfolio. Castleark Management added HMSY to its portfolio by purchasing 441,230 company shares during the most recent quarter which is valued at $10,254,185. HMS Holdings Corp makes up approx 0.31% of Castleark Management’s portfolio. Alambic Investment Management added HMSY to its portfolio by purchasing 16,000 company shares during the most recent quarter which is valued at $373,440. HMS Holdings Corp makes up approx 0.08% of Alambic Investment Management’s portfolio. Hood River Capital Management added HMSY to its portfolio by purchasing 603,458 company shares during the most recent quarter which is valued at $11,996,745. HMS Holdings Corp makes up approx 1.45% of Hood River Capital Management’s portfolio.

HMS Holdings Corp opened for trading at $22.14 and hit $22.4 on the upside on Tuesday, eventually ending the session at $22.11, with a gain of 0.55% or 0.12 points. The heightened volatility saw the trading volume jump to 5,96,390 shares. Company has a market cap of $1,867 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. HMS Holdings Corp was Downgraded by Jefferies to ” Hold” on Aug 18, 2016. 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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