HMS Holdings Corp (HMSY) : Smith Graham Investment Advisors Lp reduced its stake in HMS Holdings Corp by 6.93% during the most recent quarter end. The investment management company now holds a total of 503,926 shares of HMS Holdings Corp which is valued at $10,582,446 after selling 37,550 shares in HMS Holdings Corp , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.HMS Holdings Corp makes up approximately 1.37% of Smith Graham Investment Advisors Lp’s portfolio.
Other Hedge Funds, Including , Gemmer Asset Management added HMSY to its portfolio by purchasing 45 company shares during the most recent quarter which is valued at $945.Legal General Group Plc boosted its stake in HMSY in the latest quarter, The investment management firm added 56,878 additional shares and now holds a total of 77,917 shares of HMS Holdings Corp which is valued at $1,620,674.Capstone Asset Management Co reduced its stake in HMSY by selling 160 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 25,019 shares of HMSY which is valued at $520,395. HMS Holdings Corp makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Independent Portfolio Consultants reduced its stake in HMSY by selling 1,065 shares or 27.73% in the most recent quarter. The Hedge Fund company now holds 2,775 shares of HMSY which is valued at $59,468. HMS Holdings Corp makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Eqis Capital Management reduced its stake in HMSY by selling 3,161 shares or 16.26% in the most recent quarter. The Hedge Fund company now holds 16,280 shares of HMSY which is valued at $348,880. HMS Holdings Corp makes up approx 0.02% of Eqis Capital Management’s portfolio.
HMS Holdings Corp closed down -0.62 points or -2.87% at $21 with 2,20,214 shares getting traded on Friday. Post opening the session at $21.66, the shares hit an intraday low of $20.97 and an intraday high of $21.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.
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 Companys 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.