HMS Holdings Corp (NASDAQ:HMSY) Director William F. Miller III sold 16,953 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $32.50, for a total value of $550,972.50. Following the sale, the director now owns 157,418 shares in the company, valued at $5,116,085. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of HMSY opened at $32.46 on Friday. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 3.02 and a beta of 1.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.40 and a current ratio of 4.40. HMS Holdings Corp has a 52 week low of $16.29 and a 52 week high of $38.15.
HMS (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, February 22nd. The business services provider reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The firm had revenue of $155.80 million for the quarter, compared to analyst estimates of $155.84 million. HMS had a return on equity of 14.21% and a net margin of 9.19%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. Analysts forecast that HMS Holdings Corp will post 0.97 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of HMS by 2.1% in the 4th quarter. BlackRock Inc. now owns 12,449,568 shares of the business services provider’s stock worth $350,208,000 after purchasing an additional 260,935 shares during the last quarter. Vanguard Group Inc boosted its position in shares of HMS by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 8,382,915 shares of the business services provider’s stock worth $275,045,000 after purchasing an additional 216,531 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of HMS by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 8,382,915 shares of the business services provider’s stock worth $275,045,000 after purchasing an additional 216,531 shares during the last quarter. Standard Life Aberdeen plc boosted its position in shares of HMS by 8.8% in the 4th quarter. Standard Life Aberdeen plc now owns 1,677,850 shares of the business services provider’s stock worth $47,341,000 after purchasing an additional 135,599 shares during the last quarter. Finally, Norges Bank bought a new position in shares of HMS in the 4th quarter worth $42,907,000. Hedge funds and other institutional investors own 95.19% of the company’s stock.
A number of research firms recently commented on HMSY. ValuEngine lowered HMS from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 17th. BidaskClub upgraded HMS from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Zacks Investment Research upgraded HMS from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday, January 16th. Finally, William Blair reiterated an “outperform” rating on shares of HMS in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. HMS has a consensus rating of “Buy” and a consensus price target of $33.50.
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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