HMS Holdings Corp (NASDAQ:HMSY) Director Bart M. Schwartz sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $32.41, for a total value of $648,200.00. Following the transaction, the director now owns 74,874 shares in the company, valued at approximately $2,426,666.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ:HMSY traded up $0.40 during trading on Friday, hitting $32.46. 712,029 shares of the company’s stock traded hands, compared to its average volume of 677,457. HMS Holdings Corp has a 52 week low of $16.29 and a 52 week high of $38.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.40 and a quick ratio of 4.40. The stock has a market capitalization of $2.74 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 3.02 and a beta of 1.64.
HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, February 22nd. The business services provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. HMS had a return on equity of 14.21% and a net margin of 9.19%. The business had revenue of $155.80 million for the quarter, compared to analysts’ expectations of $155.84 million. During the same quarter in the previous year, the business posted $0.24 EPS. HMS’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts expect that HMS Holdings Corp will post 0.97 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in HMSY. Oregon Public Employees Retirement Fund bought a new position in shares of HMS during the 4th quarter valued at about $32,000. We Are One Seven LLC bought a new position in shares of HMS during the 4th quarter valued at about $84,000. LS Investment Advisors LLC lifted its holdings 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 valued at $141,000 after purchasing an additional 2,230 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in shares of HMS during the 3rd quarter valued at about $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 valued at $164,000 after purchasing an additional 592 shares in the last quarter. Institutional investors and hedge funds own 95.19% of the company’s stock.
A number of equities analysts have issued reports on HMSY shares. ValuEngine cut HMS from a “strong-buy” rating to a “buy” rating in a report on Monday, December 17th. BidaskClub cut HMS from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 18th. Finally, Zacks Investment Research cut HMS from a “strong-buy” rating to a “hold” rating in a report on Friday, January 4th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. HMS presently has an average rating of “Buy” and a consensus target price of $33.50.
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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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