Insider Selling: HMS Holdings Corp (HMSY) EVP Sells 73,781 Shares of Stock

HMS Holdings Corp (NASDAQ:HMSY) EVP Cynthia Nustad sold 73,781 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $34.91, for a total value of $2,575,694.71. Following the completion of the sale, the executive vice president now directly owns 108,312 shares of the company’s stock, valued at $3,781,171.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cynthia Nustad also recently made the following trade(s):

  • On Friday, November 30th, Cynthia Nustad sold 112,397 shares of HMS stock. The shares were sold at an average price of $34.64, for a total value of $3,893,432.08.
  • On Tuesday, November 27th, Cynthia Nustad sold 78,899 shares of HMS stock. The shares were sold at an average price of $34.16, for a total value of $2,695,189.84.

Shares of HMSY stock opened at $33.86 on Friday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 78.74, a PEG ratio of 3.69 and a beta of 1.35. HMS Holdings Corp has a one year low of $14.88 and a one year high of $38.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.04 and a quick ratio of 4.04.

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

A number of hedge funds have recently modified their holdings of HMSY. FMR LLC bought a new position in HMS in the third quarter worth $27,949,000. BlackRock Inc. lifted its position in HMS by 7.0% in the second quarter. BlackRock Inc. now owns 11,583,749 shares of the business services provider’s stock worth $250,443,000 after purchasing an additional 759,265 shares during the period. Standard Life Aberdeen plc lifted its position in HMS by 45.5% in the third quarter. Standard Life Aberdeen plc now owns 1,542,251 shares of the business services provider’s stock worth $50,578,000 after purchasing an additional 482,126 shares during the period. WINTON GROUP Ltd bought a new position in HMS in the third quarter worth $12,776,000. Finally, Prudential Financial Inc. lifted its position in HMS by 152.1% in the third quarter. Prudential Financial Inc. now owns 558,613 shares of the business services provider’s stock worth $18,328,000 after purchasing an additional 337,041 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on HMSY shares. Credit Suisse Group increased their price objective on HMS from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Chardan Capital started coverage on HMS in a research report on Thursday, September 13th. They issued a “neutral” rating and a $35.00 price objective for the company. ValuEngine raised HMS from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 13th. Zacks Investment Research cut HMS from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 5th. Finally, BidaskClub raised HMS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 7th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company. HMS currently has a consensus rating of “Buy” and a consensus target price of $33.90.

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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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