HMS Holdings Corp (NASDAQ:HMSY) Director Ellen A. Rudnick sold 17,890 shares of HMS stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $35.15, for a total transaction of $628,833.50. Following the completion of the transaction, the director now owns 81,176 shares of the company’s stock, valued at approximately $2,853,336.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NASDAQ:HMSY traded up $0.06 during trading on Thursday, hitting $34.49. 948,780 shares of the company were exchanged, compared to its average volume of 534,408. The company has a market capitalization of $2.89 billion, a PE ratio of 80.21, a P/E/G ratio of 3.69 and a beta of 1.35. 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 12-month low of $14.88 and a 12-month high of $38.15.
HMS (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, November 2nd. The business services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.10. The business had revenue of $154.20 million during the quarter, compared to the consensus estimate of $140.93 million. HMS had a net margin of 8.01% and a return on equity of 10.63%. The company’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. As a group, equities research analysts predict that HMS Holdings Corp will post 0.85 EPS for the current fiscal year.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of HMS from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research note on Thursday, November 8th. BidaskClub upgraded shares of HMS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 7th. Cantor Fitzgerald lifted their price target on shares of HMS to $31.00 and gave the stock a “neutral” rating in a research note on Monday, November 5th. First Analysis upgraded shares of HMS from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $31.00 to $38.00 in a research note on Sunday, November 4th. Finally, Chardan Capital assumed coverage on shares of HMS in a research note on Thursday, September 13th. They issued a “neutral” rating and a $35.00 price target for the company. Three research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. HMS has an average rating of “Buy” and an average price target of $33.90.
Several large investors have recently modified their holdings of the company. Riverhead Capital Management LLC lifted its position in shares of HMS by 19.2% during the 3rd quarter. Riverhead Capital Management LLC now owns 9,320 shares of the business services provider’s stock worth $306,000 after buying an additional 1,500 shares during the last quarter. Blair William & Co. IL lifted its position in shares of HMS by 1.3% during the 3rd quarter. Blair William & Co. IL now owns 165,055 shares of the business services provider’s stock worth $5,415,000 after buying an additional 2,055 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of HMS by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 16,690 shares of the business services provider’s stock worth $361,000 after buying an additional 2,289 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of HMS by 13.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,925 shares of the business services provider’s stock worth $654,000 after buying an additional 2,322 shares during the last quarter. Finally, Carillon Tower Advisers Inc. lifted its position in shares of HMS by 2.0% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 149,577 shares of the business services provider’s stock worth $4,908,000 after buying an additional 2,931 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.
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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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