Cigna Investments Inc. New Raises Position in HMS Holdings Corp (HMSY)

Cigna Investments Inc. New boosted its holdings in HMS Holdings Corp (NASDAQ:HMSY) by 28.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,992 shares of the business services provider’s stock after buying an additional 2,410 shares during the period. Cigna Investments Inc. New’s holdings in HMS were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HMSY. Oregon Public Employees Retirement Fund acquired a new stake in HMS in the 4th quarter valued at $32,000. We Are One Seven LLC acquired a new stake in HMS in the 4th quarter valued at $84,000. First Quadrant L P CA acquired a new stake in HMS in the 3rd quarter valued at $107,000. LS Investment Advisors LLC grew its position in HMS by 80.0% in the 4th quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 2,230 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new stake in HMS in the 3rd quarter valued at $146,000. Institutional investors and hedge funds own 94.79% of the company’s stock.

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HMSY has been the subject of several research reports. Cantor Fitzgerald lifted their price target on shares of HMS to $31.00 and gave the company a “neutral” rating in a research report on Monday, November 5th. Zacks Investment Research cut HMS from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, BidaskClub cut HMS from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $33.20.

In other HMS news, CAO Greg D. Aunan sold 3,039 shares of the firm’s stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $35.71, for a total transaction of $108,522.69. Following the transaction, the chief accounting officer now directly owns 38,405 shares in the company, valued at approximately $1,371,442.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Greg D. Aunan sold 3,625 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $35.86, for a total value of $129,992.50. Following the transaction, the chief accounting officer now owns 38,991 shares in the company, valued at $1,398,217.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,193,745 shares of company stock worth $41,545,016. Company insiders own 4.54% of the company’s stock.

Shares of NASDAQ:HMSY opened at $32.21 on Friday. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.37. HMS Holdings Corp has a 1-year low of $15.06 and a 1-year high of $38.15. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 74.91, a P/E/G ratio of 2.95 and a beta of 1.50.

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About HMS

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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