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

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

Shares of HMSY stock opened at $30.26 on Tuesday. HMS Holdings Corp has a 52-week low of $17.11 and a 52-week high of $38.15. The firm has a market capitalization of $2.58 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 2.85 and a beta of 1.61. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.34.

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

Hedge funds have recently made changes to their positions in the company. We Are One Seven LLC acquired a new position in shares of HMS in the 4th quarter valued at $84,000. BlueMountain Capital Management LLC acquired a new position in shares of HMS in the 3rd quarter valued at $146,000. LS Investment Advisors LLC raised its stake in shares of HMS by 80.0% in the 4th quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock valued at $141,000 after buying an additional 2,230 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of HMS by 11.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,826 shares of the business services provider’s stock valued at $164,000 after buying an additional 592 shares in the last quarter. Finally, NumerixS Investment Technologies Inc raised its stake in shares of HMS by 84.3% in the 4th quarter. NumerixS Investment Technologies Inc now owns 6,818 shares of the business services provider’s stock valued at $192,000 after buying an additional 3,118 shares in the last quarter. Institutional investors own 95.44% of the company’s stock.

HMSY has been the subject of several research analyst reports. Zacks Investment Research cut shares of HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. ValuEngine cut shares of HMS from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 17th. Finally, BidaskClub upgraded shares of HMS from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. HMS presently has a consensus rating of “Buy” and an average price target of $33.50.

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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.

Further Reading: Outstanding Shares, Buying and Selling Stocks

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

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