Jeffrey Scott Sherman Sells 5,700 Shares of HMS Holdings Corp (HMSY) Stock

HMS Holdings Corp (NASDAQ:HMSY) CFO Jeffrey Scott Sherman sold 5,700 shares of the stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $36.13, for a total transaction of $205,941.00. Following the completion of the transaction, the chief financial officer now directly owns 173,744 shares in the company, valued at $6,277,370.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jeffrey Scott Sherman also recently made the following trade(s):

  • On Wednesday, November 21st, Jeffrey Scott Sherman sold 8,600 shares of HMS stock. The shares were sold at an average price of $35.97, for a total transaction of $309,342.00.

Shares of HMSY opened at $35.43 on Friday. HMS Holdings Corp has a 12 month low of $14.88 and a 12 month high of $38.15. The company has a market cap of $2.97 billion, a PE ratio of 82.40, a price-to-earnings-growth ratio of 3.80 and a beta of 1.32. 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 announced its earnings results on Friday, November 2nd. The business services provider reported $0.31 EPS 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 company had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $140.93 million. During the same period last year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. As a group, equities analysts predict that HMS Holdings Corp will post 0.85 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp increased its stake in HMS by 1.4% in the second quarter. Northern Trust Corp now owns 1,133,001 shares of the business services provider’s stock valued at $24,495,000 after acquiring an additional 15,596 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in HMS in the second quarter valued at approximately $176,000. Schwab Charles Investment Management Inc. increased its stake in HMS by 5.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 592,499 shares of the business services provider’s stock valued at $12,810,000 after acquiring an additional 29,548 shares during the last quarter. Trexquant Investment LP acquired a new stake in HMS in the second quarter valued at approximately $232,000. Finally, CIBC Private Wealth Group LLC boosted its position in HMS by 20.9% in the second quarter. CIBC Private Wealth Group LLC now owns 65,835 shares of the business services provider’s stock valued at $1,423,000 after buying an additional 11,370 shares in the last quarter. 96.36% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on HMSY shares. Zacks Investment Research raised shares of HMS from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a report on Thursday, November 8th. BidaskClub raised shares of HMS from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 7th. Cantor Fitzgerald raised 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 raised their target price for the stock from $31.00 to $38.00 in a report on Sunday, November 4th. Finally, Chardan Capital started coverage on shares of HMS in a report on Thursday, September 13th. They set a “neutral” rating and a $35.00 target price on the stock. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target 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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