William C. Lucia Sells 59,862 Shares of HMS Holdings Corp (NASDAQ:HMSY) Stock

HMS Holdings Corp (NASDAQ:HMSY) Chairman William C. Lucia sold 59,862 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $30.31, for a total value of $1,814,417.22. Following the completion of the sale, the chairman now owns 182,397 shares in the company, valued at $5,528,453.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ:HMSY traded down $0.47 during midday trading on Wednesday, hitting $30.68. The stock had a trading volume of 572,987 shares, compared to its average volume of 580,150. HMS Holdings Corp has a one year low of $21.46 and a one year high of $38.15. The stock has a market cap of $2.61 billion, a P/E ratio of 36.58, a price-to-earnings-growth ratio of 2.64 and a beta of 1.45. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 0.34.

HMS (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, May 3rd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.16. HMS had a return on equity of 14.02% and a net margin of 11.28%. The company had revenue of $148.00 million for the quarter, compared to analysts’ expectations of $144.13 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. HMS’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that HMS Holdings Corp will post 1.03 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of HMS by 11.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,826 shares of the business services provider’s stock worth $164,000 after acquiring an additional 592 shares during the period. Rhumbline Advisers grew its stake in shares of HMS by 21.3% during the 4th quarter. Rhumbline Advisers now owns 236,807 shares of the business services provider’s stock worth $6,661,000 after acquiring an additional 41,526 shares during the period. LS Investment Advisors LLC grew its stake in shares of HMS by 80.0% during the 4th quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock worth $141,000 after acquiring an additional 2,230 shares during the period. ClariVest Asset Management LLC boosted its stake in HMS by 108.5% in the 4th quarter. ClariVest Asset Management LLC now owns 429,334 shares of the business services provider’s stock worth $12,077,000 after purchasing an additional 223,456 shares during the period. Finally, Tygh Capital Management Inc. boosted its stake in HMS by 4.2% in the 4th quarter. Tygh Capital Management Inc. now owns 347,334 shares of the business services provider’s stock worth $9,771,000 after purchasing an additional 14,067 shares during the period. 95.86% of the stock is currently owned by institutional investors and hedge funds.

HMSY has been the topic of several recent analyst reports. Zacks Investment Research downgraded HMS from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. William Blair reissued an “outperform” rating on shares of HMS in a research note on Thursday, March 14th. Cantor Fitzgerald reissued a “hold” rating and issued a $34.00 price objective on shares of HMS in a research note on Friday, February 22nd. Finally, BidaskClub cut HMS from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.14.

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HMS Company Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.

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Insider Buying and Selling by Quarter for HMS (NASDAQ:HMSY)

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