Insider Selling: HMS Holdings Corp (HMSY) EVP Sells 44,171 Shares of Stock

HMS Holdings Corp (NASDAQ:HMSY) EVP Semone Neuman sold 44,171 shares of HMS stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $35.26, for a total transaction of $1,557,469.46. Following the transaction, the executive vice president now directly owns 70,166 shares in the company, valued at $2,474,053.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NASDAQ HMSY opened at $35.43 on Friday. The firm has a market cap of $2.97 billion, a PE ratio of 46.01, a price-to-earnings-growth ratio of 3.80 and a beta of 1.32. HMS Holdings Corp has a one year low of $14.88 and a one year high of $38.15. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.37.

HMS (NASDAQ:HMSY) last released its earnings results on Friday, November 2nd. The business services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. HMS had a return on equity of 10.63% and a net margin of 8.01%. The company had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $140.93 million. During the same period in the previous year, the business posted $0.19 EPS. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. As a group, sell-side analysts forecast that HMS Holdings Corp will post 0.85 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in HMSY. Principal Financial Group Inc. raised its stake in HMS by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 689,482 shares of the business services provider’s stock valued at $11,611,000 after acquiring an additional 24,762 shares during the period. Bank of Montreal Can bought a new stake in HMS in the 2nd quarter valued at about $1,034,000. Aperio Group LLC raised its stake in HMS by 16.0% in the 2nd quarter. Aperio Group LLC now owns 29,355 shares of the business services provider’s stock valued at $635,000 after acquiring an additional 4,040 shares during the period. Wells Fargo & Company MN raised its stake in HMS by 3.4% in the 2nd quarter. Wells Fargo & Company MN now owns 356,520 shares of the business services provider’s stock valued at $7,708,000 after acquiring an additional 11,566 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in HMS in the 2nd quarter valued at about $309,000. Institutional investors and hedge funds own 96.36% of the company’s stock.

A number of equities analysts have issued reports on HMSY shares. BidaskClub raised shares of HMS from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 7th. Leerink Swann lifted their target price on HMS from $25.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, August 6th. Zacks Investment Research upgraded HMS from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Thursday, August 9th. First Analysis upgraded HMS from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $31.00 to $38.00 in a research note on Sunday, November 4th. Finally, Citigroup upgraded HMS from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $35.00 in a research note on Monday, August 6th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $32.64.

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HMS Company Profile

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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