Insider Selling: HMS Holdings Corp Director Unloads 25,000 Shares of Stock (HMSY)
HMS Holdings Corp (NASDAQ:HMSY) Director William F. Miller III sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $23.03, for a total transaction of $575,750.00. Following the sale, the director now directly owns 128,638 shares of the company’s stock, valued at approximately $2,962,533. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of HMS Holdings Corp (NASDAQ:HMSY) traded down 1.04% during mid-day trading on Friday, hitting $22.76. The stock had a trading volume of 974,171 shares. HMS Holdings Corp has a 1-year low of $15.10 and a 1-year high of $26.60. The stock’s 50-day moving average is $19.72 and its 200-day moving average is $19.20. The company has a market cap of $1.997 billion and a price-to-earnings ratio of 63.89.
HMS Holdings Corp (NASDAQ:HMSY) last released its earnings data on Friday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $112.56 million for the quarter, compared to the consensus estimate of $106.44 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. Analysts expect that HMS Holdings Corp will post $0.54 EPS for the current fiscal year.
HMSY has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of HMS Holdings Corp in a research note on Monday. Separately, analysts at First Analysis upgraded shares of HMS Holdings Corp from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $27.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of HMS Holdings Corp from $20.00 to $23.00 in a research note on Thursday, July 10th. They now have an “outperform” rating on the stock. Six investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $24.00.
HMS Holdings Corp. (NASDAQ:HMSY) provides cost containment services to Government and private healthcare payers and sponsors.
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