HMS Holdings Corp (NASDAQ:HMSY) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,614,234 shares, a growth of 34.7% from the January 15th total of 1,940,918 shares. Based on an average daily trading volume, of 467,133 shares, the days-to-cover ratio is presently 5.6 days. Currently, 3.2% of the company’s shares are sold short.
Several analysts recently issued reports on HMSY shares. First Analysis raised 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 research note on Sunday, November 4th. BidaskClub raised HMS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 7th. ValuEngine cut HMS from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 17th. Zacks Investment Research raised HMS from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, January 22nd. Finally, Cantor Fitzgerald raised their target price on HMS to $31.00 and gave the stock a “neutral” rating in a research note on Monday, November 5th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $33.20.
In related news, CAO Greg D. Aunan sold 3,625 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $35.86, for a total value of $129,992.50. Following the sale, the chief accounting officer now directly owns 38,991 shares of the company’s stock, valued at $1,398,217.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William F. Miller III sold 5,877 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $34.61, for a total value of $203,402.97. Following the completion of the sale, the director now directly owns 170,656 shares in the company, valued at $5,906,404.16. The disclosure for this sale can be found here. Insiders have sold 1,193,745 shares of company stock worth $41,545,016 over the last ninety days. Insiders own 4.54% of the company’s stock.
Shares of HMSY opened at $30.81 on Thursday. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.37. HMS has a one year low of $14.92 and a one year high of $38.15. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 71.65, a P/E/G ratio of 2.93 and a beta of 1.50.
ILLEGAL ACTIVITY NOTICE: “HMS Holdings Corp (HMSY) Short Interest Up 34.7% in January” was originally reported by Week Herald and is the property of of Week Herald. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://weekherald.com/2019/02/14/hms-holdings-corp-hmsy-short-interest-up-34-7-in-january.html.
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.
Further Reading: Should you buy a closed-end mutual fund?
Receive News & Ratings for HMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS and related companies with MarketBeat.com's FREE daily email newsletter.