William C. Lucia Sells 1,700 Shares of HMS Holdings Corp (HMSY) Stock

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HMS Holdings Corp (NASDAQ:HMSY) CEO William C. Lucia sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $31.62, for a total transaction of $53,754.00. Following the completion of the transaction, the chief executive officer now owns 143,332 shares of the company’s stock, valued at $4,532,157.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:HMSY traded down $0.45 during midday trading on Friday, reaching $30.98. 251,900 shares of the company were exchanged, compared to its average volume of 616,456. HMS Holdings Corp has a one year low of $20.81 and a one year high of $38.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.40 and a current ratio of 5.34. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 2.77 and a beta of 1.59.

HMS (NASDAQ:HMSY) last announced its earnings results on Friday, May 3rd. The business services provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.16. HMS had a net margin of 11.28% and a return on equity of 14.02%. The business had revenue of $148.00 million for the quarter, compared to the consensus estimate of $144.13 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts predict that HMS Holdings Corp will post 1.03 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in HMSY. Norges Bank purchased a new stake in shares of HMS in the fourth quarter valued at $42,907,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of HMS in the fourth quarter valued at $32,000. Voya Investment Management LLC raised its stake in shares of HMS by 1,398.5% in the first quarter. Voya Investment Management LLC now owns 731,050 shares of the business services provider’s stock valued at $21,647,000 after acquiring an additional 682,263 shares during the period. Wellington Management Group LLP raised its stake in shares of HMS by 8.1% in the first quarter. Wellington Management Group LLP now owns 8,225,130 shares of the business services provider’s stock valued at $243,546,000 after acquiring an additional 616,314 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of HMS by 140.3% in the fourth quarter. Deutsche Bank AG now owns 852,553 shares of the business services provider’s stock valued at $23,979,000 after acquiring an additional 497,695 shares during the period. 93.37% of the stock is currently owned by institutional investors and hedge funds.

HMSY has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of HMS from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Tuesday, January 22nd. BidaskClub lowered shares of HMS from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Cantor Fitzgerald lowered shares of HMS from an “overweight” rating to a “neutral” rating and set a $29.40 price target for the company. in a research report on Wednesday, April 17th. Finally, William Blair restated an “outperform” rating on shares of HMS in a research report on Thursday, March 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. HMS presently has a consensus rating of “Buy” and a consensus target price of $33.14.

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HMS Company Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.

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