HMS Holdings Corp (HMSY) Short Interest Up 34.7% in January

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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.

Institutional investors and hedge funds have recently modified their holdings of the business. We Are One Seven LLC purchased a new stake in HMS in the fourth quarter worth about $84,000. First Quadrant L P CA purchased a new position in shares of HMS during the third quarter valued at approximately $107,000. BlueMountain Capital Management LLC purchased a new position in shares of HMS during the third quarter valued at approximately $146,000. LS Investment Advisors LLC lifted its holdings in shares of HMS by 80.0% during the fourth quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 2,230 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of HMS by 11.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,826 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 592 shares during the last quarter. Institutional investors and hedge funds own 94.79% 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.

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About HMS

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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