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Why HMS Holdings Shares Fell 12% Today

TheMotleyFool

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Why HMS Holdings Shares Fell 12% TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

After the company reported fourth-quarter earnings, shares of HMS Holdings (NASDAQ: HMSY), which is focused on lowering healthcare costs in the U.S., dropped about 12% on Friday.

Here's a look at the headline numbers from HMS Holdings' fourth quarter that caused traders to flee:

HMS also spent $159 million to acquire a company called Accent during the quarter. Accent is focused on payment accuracy and cost containment.

Source Fool.com

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