Douglas M. Williams Sells 43,558 Shares of HMS Holdings Corp (HMSY) Stock

HMS Holdings Corp (NASDAQ:HMSY) insider Douglas M. Williams sold 43,558 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $35.33, for a total transaction of $1,538,904.14. Following the completion of the sale, the insider now directly owns 144,771 shares in the company, valued at approximately $5,114,759.43. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

HMSY opened at $35.74 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.04 and a current ratio of 4.04. HMS Holdings Corp has a twelve month low of $14.88 and a twelve month high of $38.15. The stock has a market capitalization of $2.96 billion, a PE ratio of 83.12, a PEG ratio of 3.78 and a beta of 1.32.

HMS (NASDAQ:HMSY) last posted its earnings results on Friday, November 2nd. The business services provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.10. HMS had a net margin of 8.01% and a return on equity of 10.63%. The business had revenue of $154.20 million for the quarter, compared to analyst estimates of $140.93 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. Analysts expect that HMS Holdings Corp will post 0.85 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in HMS by 3.7% during the first quarter. Principal Financial Group Inc. now owns 689,482 shares of the business services provider’s stock valued at $11,611,000 after purchasing an additional 24,762 shares during the period. Bank of Montreal Can purchased a new stake in HMS during the second quarter valued at approximately $1,034,000. Aperio Group LLC raised its position in HMS by 16.0% during the second quarter. Aperio Group LLC now owns 29,355 shares of the business services provider’s stock valued at $635,000 after purchasing an additional 4,040 shares during the period. Wells Fargo & Company MN raised its position in HMS by 3.4% during the second quarter. Wells Fargo & Company MN now owns 356,520 shares of the business services provider’s stock valued at $7,708,000 after purchasing an additional 11,566 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in HMS during the second quarter valued at approximately $309,000. Institutional investors and hedge funds own 96.36% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of HMS from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 7th. Cantor Fitzgerald upped their target price on shares of HMS to $31.00 and gave the stock a “neutral” rating in a report on Monday, November 5th. First Analysis raised shares of HMS from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $31.00 to $38.00 in a report on Sunday, November 4th. Citigroup raised shares of HMS from a “neutral” rating to a “buy” rating and upped their target price for the stock from $25.00 to $35.00 in a report on Monday, August 6th. Finally, Leerink Swann upped their target price on shares of HMS from $25.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, August 6th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $33.90.

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About HMS

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

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