Envestnet Asset Management Inc. Reduces Stake in HMS Holdings (HMSY)

Envestnet Asset Management Inc. decreased its holdings in HMS Holdings (NASDAQ:HMSY) by 48.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,873 shares of the business services provider’s stock after selling 7,363 shares during the period. Envestnet Asset Management Inc.’s holdings in HMS were worth $133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in HMS by 3.0% in the fourth quarter. BlackRock Inc. now owns 10,812,870 shares of the business services provider’s stock worth $183,279,000 after buying an additional 316,963 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in HMS by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,230,969 shares of the business services provider’s stock worth $64,167,000 after buying an additional 91,753 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in HMS by 75.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,016,623 shares of the business services provider’s stock worth $51,132,000 after buying an additional 1,292,855 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in HMS by 0.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,859,764 shares of the business services provider’s stock worth $31,523,000 after buying an additional 11,647 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in HMS by 25.0% in the fourth quarter. Deutsche Bank AG now owns 572,921 shares of the business services provider’s stock worth $9,708,000 after buying an additional 114,563 shares during the last quarter. Institutional investors own 99.46% of the company’s stock.

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Shares of HMS stock opened at $18.14 on Friday. The company has a market cap of $1,506.10, a price-to-earnings ratio of 42.00, a P/E/G ratio of 2.54 and a beta of 0.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.16 and a quick ratio of 3.16. HMS Holdings has a 12-month low of $11.01 and a 12-month high of $20.90.

HMS (NASDAQ:HMSY) last announced its earnings results on Friday, February 23rd. The business services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). HMS had a return on equity of 7.33% and a net margin of 7.56%. The company had revenue of $148.49 million for the quarter, compared to the consensus estimate of $136.77 million. During the same period in the previous year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. equities analysts predict that HMS Holdings will post 0.65 EPS for the current fiscal year.

A number of brokerages have issued reports on HMSY. BidaskClub raised HMS from a “hold” rating to a “buy” rating in a research report on Wednesday. ValuEngine cut HMS from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research cut HMS from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Citigroup decreased their target price on HMS from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Finally, Canaccord Genuity upped their target price on HMS from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. HMS presently has a consensus rating of “Buy” and a consensus price target of $19.81.

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HMS Company Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.

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Institutional Ownership by Quarter for HMS (NASDAQ:HMSY)

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