Kestrel Investment Management Corp Lowers stake in HMS Holdings Corp (HMSY)

HMS Holdings Corp (HMSY) : Kestrel Investment Management Corp reduced its stake in HMS Holdings Corp by 1.48% during the most recent quarter end. The investment management company now holds a total of 627,000 shares of HMS Holdings Corp which is valued at $9.9 Million after selling 9,450 shares in HMS Holdings Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.HMS Holdings Corp makes up approximately 3.83% of Kestrel Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Paradigm Asset Management Co boosted its stake in HMSY in the latest quarter, The investment management firm added 354 additional shares and now holds a total of 7,534 shares of HMS Holdings Corp which is valued at $118,887. HMS Holdings Corp makes up approx 0.02% of Paradigm Asset Management Co’s portfolio. Tfs Capital added HMSY to its portfolio by purchasing 146,385 company shares during the most recent quarter which is valued at $2.3 Million. HMS Holdings Corp makes up approx 0.34% of Tfs Capital’s portfolio. First Trust Advisors Lp sold out all of its stake in HMSY during the most recent quarter. The investment firm sold 56,486 shares of HMSY which is valued $891,349.Profund Advisors boosted its stake in HMSY in the latest quarter, The investment management firm added 15,593 additional shares and now holds a total of 26,004 shares of HMS Holdings Corp which is valued at $429,586. HMS Holdings Corp makes up approx 0.02% of Profund Advisors’s portfolio. Old Mutual Global Investors (uk) Ltd. added HMSY to its portfolio by purchasing 79,753 company shares during the most recent quarter which is valued at $1.3 Million. HMS Holdings Corp makes up approx 0.03% of Old Mutual Global Investors (uk) Ltd.’s portfolio.

HMS Holdings Corp opened for trading at $15.92 and hit $16.12 on the upside on Friday, eventually ending the session at $15.92, with a gain of 0.44% or 0.07 points. The heightened volatility saw the trading volume jump to 4,96,616 shares. Company has a market cap of $1,339,748 M.

On the company’s financial health, HMS Holdings Corp reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.12. The company had revenue of $119.80 million for the quarter, compared to analysts expectations of $114.10 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on HMS Holdings Corp. HMS Holdings Corp was Initiated by Avondale to “Mkt Outperform” on Apr 13, 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 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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