HMS Target of Unusually High Options Trading (HMSY)

HMS Holdings Corp (NASDAQ:HMSY) was the recipient of unusually large options trading on Monday. Traders bought 1,000 call options on the stock. This is an increase of 1,567% compared to the average volume of 60 call options.

Several research firms recently commented on HMSY. Cantor Fitzgerald reaffirmed a “buy” rating and set a $23.00 target price on shares of HMS in a report on Tuesday, September 26th. BidaskClub upgraded HMS from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Canaccord Genuity lowered their price target on HMS from $22.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, November 6th. Wells Fargo & Co reiterated an “outperform” rating and set a $20.00 price target (down previously from $25.50) on shares of HMS in a research report on Wednesday, November 29th. Finally, Zacks Investment Research downgraded HMS from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. HMS currently has an average rating of “Buy” and a consensus price target of $20.39.

HMS (HMSY) opened at $17.83 on Friday. The firm has a market capitalization of $1,490.00, a P/E ratio of 61.48, a PEG ratio of 2.56 and a beta of 0.88. HMS has a 1 year low of $11.01 and a 1 year high of $20.90.

HMS (NASDAQ:HMSY) last released its earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). The firm had revenue of $125.70 million during the quarter, compared to analysts’ expectations of $147.62 million. HMS had a net margin of 4.94% and a return on equity of 7.93%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. analysts forecast that HMS will post 0.55 earnings per share for the current fiscal year.

HMS declared that its board has authorized a stock repurchase plan on Friday, November 3rd that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC lifted its position in shares of HMS by 80.4% in the second quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 2,492 shares in the last quarter. Zions Bancorporation purchased a new position in shares of HMS in the third quarter valued at approximately $116,000. Koch Industries Inc. acquired a new stake in shares of HMS in the second quarter valued at approximately $197,000. Oppenheimer & Co. Inc. increased its holdings in shares of HMS by 1.9% in the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock valued at $201,000 after purchasing an additional 200 shares during the last quarter. Finally, Pitcairn Co. acquired a new stake in shares of HMS in the third quarter valued at approximately $203,000. Institutional investors and hedge funds own 95.93% of the company’s stock.

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HMS Company Profile

HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate.

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