HMS Holdings Corp (HMSY) Insider Meredith W. Bjorck Sells 2,362 Shares

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HMS Holdings Corp (NASDAQ:HMSY) insider Meredith W. Bjorck sold 2,362 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $30.10, for a total transaction of $71,096.20. Following the transaction, the insider now owns 51,755 shares in the company, valued at approximately $1,557,825.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:HMSY traded up $0.26 during mid-day trading on Monday, hitting $30.26. 307,426 shares of the company’s stock were exchanged, compared to its average volume of 623,052. HMS Holdings Corp has a one year low of $17.11 and a one year high of $38.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a market capitalization of $2.58 billion, a P/E ratio of 36.02, a PEG ratio of 2.85 and a beta of 1.61.

HMS (NASDAQ:HMSY) last posted its quarterly earnings data on Friday, February 22nd. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. HMS had a net margin of 9.19% and a return on equity of 14.21%. The business had revenue of $155.80 million for the quarter, compared to analyst estimates of $155.84 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. HMS’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts expect that HMS Holdings Corp will post 0.97 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of HMS from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. ValuEngine cut shares of HMS from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 17th. Finally, BidaskClub upgraded shares of HMS from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $33.50.

A number of large investors have recently bought and sold shares of the stock. FMR LLC bought a new position in shares of HMS in the third quarter worth approximately $27,949,000. Franklin Resources Inc. bought a new position in HMS during the third quarter valued at approximately $295,000. Allianz Asset Management GmbH lifted its position in HMS by 22.1% during the third quarter. Allianz Asset Management GmbH now owns 95,860 shares of the business services provider’s stock valued at $3,146,000 after purchasing an additional 17,380 shares during the period. Riverhead Capital Management LLC lifted its position in HMS by 19.2% during the third quarter. Riverhead Capital Management LLC now owns 9,320 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 1,500 shares during the period. Finally, BlueMountain Capital Management LLC bought a new position in HMS during the third quarter valued at approximately $146,000. 95.44% of the stock is currently owned by institutional investors and hedge funds.

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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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Insider Buying and Selling by Quarter for HMS (NASDAQ:HMSY)

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