HMS Holdings Corp. (NASDAQ:HMSY) CEO William C. Lucia sold 45,280 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $22.09, for a total value of $1,000,235.20. Following the transaction, the chief executive officer now directly owns 194,982 shares in the company, valued at $4,307,152.38. The sale was disclosed in a filing with the SEC, which is available through this link.
HMS Holdings Corp. (NASDAQ:HMSY) opened at 22.17 on Monday. HMS Holdings Corp. has a one year low of $8.94 and a one year high of $24.00. The stock has a 50 day moving average price of $22.22 and a 200-day moving average price of $18.15. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 66.98 and a beta of 0.81.
HMS Holdings Corp. (NASDAQ:HMSY) last released its earnings results on Friday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. The firm earned $123.60 million during the quarter, compared to analyst estimates of $116.85 million. HMS Holdings Corp. had a return on equity of 8.83% and a net margin of 5.86%. HMS Holdings Corp.’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. On average, analysts predict that HMS Holdings Corp. will post $0.69 earnings per share for the current fiscal year.
Several brokerages recently issued reports on HMSY. Jefferies Group lowered HMS Holdings Corp. from a “buy” rating to a “hold” rating and upped their target price for the company from $19.00 to $23.00 in a research report on Thursday, August 18th. They noted that the move was a valuation call. TheStreet raised HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Finally, Zacks Investment Research raised HMS Holdings Corp. from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, August 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.20.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HMSY. Mason Street Advisors LLC bought a new position in HMS Holdings Corp. during the second quarter worth about $290,000. Royal Bank of Canada bought a new position in HMS Holdings Corp. during the second quarter worth about $866,000. Sterling Capital Management LLC raised its position in HMS Holdings Corp. by 4.0% in the second quarter. Sterling Capital Management LLC now owns 155,231 shares of the company’s stock worth $2,734,000 after buying an additional 6,000 shares during the period. Schwab Charles Investment Management Inc. raised its position in HMS Holdings Corp. by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 309,139 shares of the company’s stock worth $5,444,000 after buying an additional 14,224 shares during the period. Finally, Amalgamated Bank bought a new position in HMS Holdings Corp. during the second quarter worth about $227,000. Hedge funds and other institutional investors own 96.57% of the company’s stock.
HMS Holdings Corp. 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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