HMS Holdings Corp (NASDAQ:HMSY) EVP Cynthia Nustad sold 22,907 shares of HMS Holdings Corp stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $17.64, for a total transaction of $404,079.48. Following the sale, the executive vice president now directly owns 73,877 shares of the company’s stock, valued at approximately $1,303,190.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
HMS Holdings Corp (HMSY) opened at 17.63 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 50.23 and a beta of 1.11. The company’s 50-day moving average is $18.45 and its 200 day moving average is $18.85. HMS Holdings Corp has a one year low of $15.94 and a one year high of $23.06.
HMS Holdings Corp (NASDAQ:HMSY) last released its earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $133.31 million for the quarter, compared to analyst estimates of $135.96 million. HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. HMS Holdings Corp’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. Equities analysts expect that HMS Holdings Corp will post $0.81 EPS for the current year.
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Several analysts have recently weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $21.50 price target on shares of HMS Holdings Corp in a research note on Friday, June 16th. TheStreet downgraded shares of HMS Holdings Corp from a “b” rating to a “c+” rating in a research note on Friday, May 12th. Robert W. Baird reaffirmed a “buy” rating and set a $22.00 price target on shares of HMS Holdings Corp in a research note on Thursday. Zacks Investment Research raised shares of HMS Holdings Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, BidaskClub downgraded shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $22.94.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in HMS Holdings Corp by 136,087.1% in the first quarter. BlackRock Inc. now owns 10,239,908 shares of the business services provider’s stock worth $208,179,000 after buying an additional 10,232,389 shares during the period. Cambiar Investors LLC acquired a new stake in HMS Holdings Corp during the second quarter worth about $14,895,000. Vanguard Group Inc. raised its stake in HMS Holdings Corp by 5.8% in the first quarter. Vanguard Group Inc. now owns 8,363,369 shares of the business services provider’s stock worth $170,028,000 after buying an additional 455,459 shares during the period. Van Berkom & Associates Inc. raised its stake in HMS Holdings Corp by 15.9% in the first quarter. Van Berkom & Associates Inc. now owns 3,225,379 shares of the business services provider’s stock worth $65,572,000 after buying an additional 441,300 shares during the period. Finally, Peregrine Capital Management LLC acquired a new stake in HMS Holdings Corp during the second quarter worth about $6,464,000. Institutional investors own 93.04% of the company’s stock.
About HMS Holdings Corp
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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