HMS Holdings Corp (NASDAQ:HMSY) Director Sells $103,531.38 in Stock

HMS Holdings Corp (NASDAQ:HMSY) Director Richard H. Stowe sold 2,766 shares of HMS stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $37.43, for a total value of $103,531.38. Following the completion of the transaction, the director now owns 81,763 shares of the company’s stock, valued at $3,060,389.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ HMSY opened at $36.88 on Friday. The company has a current ratio of 6.72, a quick ratio of 6.72 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $37.25 and a 200-day simple moving average of $32.88. The company has a market cap of $3.20 billion, a PE ratio of 43.90, a P/E/G ratio of 3.09 and a beta of 1.29. HMS Holdings Corp has a 12-month low of $26.22 and a 12-month high of $40.67.

HMS (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.18. The business had revenue of $168.20 million during the quarter, compared to the consensus estimate of $158.25 million. HMS had a return on equity of 15.22% and a net margin of 16.08%. The business’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Sell-side analysts forecast that HMS Holdings Corp will post 1.08 earnings per share for the current fiscal year.

A number of equities analysts have commented on the company. Guggenheim downgraded HMS from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a research note on Thursday, August 22nd. Canaccord Genuity lifted their target price on HMS from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Chardan Capital upgraded HMS from a “neutral” rating to a “buy” rating and lifted their target price for the company from $37.00 to $41.00 in a research note on Monday, July 1st. BidaskClub downgraded HMS from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 27th. Finally, Svb Leerink restated an “outperform” rating and issued a $50.00 target price on shares of HMS in a research note on Monday, August 5th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $42.19.

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC acquired a new position in shares of HMS during the first quarter worth approximately $25,000. Point72 Hong Kong Ltd boosted its position in shares of HMS by 162.5% during the second quarter. Point72 Hong Kong Ltd now owns 953 shares of the business services provider’s stock worth $31,000 after buying an additional 590 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of HMS during the second quarter worth approximately $35,000. Globeflex Capital L P acquired a new position in shares of HMS during the first quarter worth approximately $115,000. Finally, A.R.T. Advisors LLC acquired a new position in shares of HMS during the second quarter worth approximately $211,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

About HMS

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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