Insider Buying: HMS Holdings Corp (HMSY) Director Buys 1,500 Shares of Stock
HMS Holdings Corp (NASDAQ:HMSY) Director Bart M. Schwartz purchased 1,500 shares of the stock in a transaction dated Monday, June 12th. The stock was purchased at an average cost of $19.28 per share, for a total transaction of $28,920.00. Following the completion of the acquisition, the director now owns 46,868 shares of the company’s stock, valued at approximately $903,615.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
HMS Holdings Corp (NASDAQ:HMSY) last announced its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The business had revenue of $114.50 million during the quarter, compared to the consensus estimate of $120.08 million. HMS Holdings Corp had a net margin of 6.92% and a return on equity of 9.70%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS.
Institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC purchased a new position in HMS Holdings Corp during the first quarter worth about $108,000. LS Investment Advisors LLC increased its position in HMS Holdings Corp by 48.3% in the first quarter. LS Investment Advisors LLC now owns 5,512 shares of the business services provider’s stock worth $112,000 after buying an additional 1,795 shares during the last quarter. Envestnet Asset Management Inc. increased its position in HMS Holdings Corp by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,954 shares of the business services provider’s stock worth $126,000 after buying an additional 165 shares during the last quarter. Intellectus Partners LLC purchased a new position in HMS Holdings Corp during the fourth quarter worth about $127,000. Finally, Ameritas Investment Partners Inc. purchased a new position in HMS Holdings Corp during the first quarter worth about $148,000. 94.06% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on HMSY. Oppenheimer Holdings, Inc. set a $24.00 price target on shares of HMS Holdings Corp and gave the stock a “buy” rating in a report on Saturday, February 25th. Zacks Investment Research upgraded shares of HMS Holdings Corp from a “sell” rating to a “hold” rating in a research report on Tuesday. Jefferies Group LLC reiterated a “hold” rating and set a $22.00 price target (up from $19.00) on shares of HMS Holdings Corp in a research report on Thursday, April 13th. TheStreet cut shares of HMS Holdings Corp from a “b” rating to a “c+” rating in a research report on Friday, May 12th. Finally, Raymond James Financial, Inc. initiated coverage on shares of HMS Holdings Corp in a research report on Friday, March 3rd. They set an “outperform” rating and a $23.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.33.
About HMS Holdings Corp
HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate.
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