HMS Holdings Corp (NASDAQ:HMSY) was the target of unusually large options trading activity on Monday. Stock traders purchased 1,000 call options on the stock. This is an increase of 1,567% compared to the typical daily volume of 60 call options.

Shares of HMS (NASDAQ HMSY) opened at $17.53 on Thursday. The stock has a market cap of $1,490.00, a price-to-earnings ratio of 60.45, a P/E/G ratio of 2.56 and a beta of 0.88. HMS has a 12 month low of $11.01 and a 12 month high of $20.90.

HMS (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The company had revenue of $125.70 million during the quarter, compared to the consensus estimate of $147.62 million. HMS had a return on equity of 7.93% and a net margin of 4.94%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. sell-side analysts forecast that HMS will post 0.55 earnings per share for the current fiscal year.

HMS announced that its Board of Directors has initiated a share repurchase program on Friday, November 3rd that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

HMSY has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $23.00 price target on shares of HMS in a research report on Tuesday, September 26th. Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 price target on shares of HMS in a research report on Monday, October 30th. Citigroup initiated coverage on shares of HMS in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. BidaskClub raised shares of HMS from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research cut shares of HMS from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $20.39.

Several large investors have recently modified their holdings of the stock. Van Berkom & Associates Inc. increased its stake in shares of HMS by 3.4% in the third quarter. Van Berkom & Associates Inc. now owns 3,639,274 shares of the business services provider’s stock worth $72,276,000 after buying an additional 121,335 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in HMS by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 3,230,969 shares of the business services provider’s stock valued at $64,167,000 after purchasing an additional 91,753 shares during the last quarter. Eagle Asset Management Inc. increased its stake in HMS by 2.4% during the third quarter. Eagle Asset Management Inc. now owns 3,134,645 shares of the business services provider’s stock valued at $63,319,000 after purchasing an additional 72,082 shares during the last quarter. American Capital Management Inc. increased its stake in HMS by 0.9% during the third quarter. American Capital Management Inc. now owns 2,546,223 shares of the business services provider’s stock valued at $50,568,000 after purchasing an additional 22,647 shares during the last quarter. Finally, State Street Corp increased its stake in HMS by 4.4% during the second quarter. State Street Corp now owns 2,217,293 shares of the business services provider’s stock valued at $41,018,000 after purchasing an additional 92,900 shares during the last quarter. Institutional investors and hedge funds own 95.93% of the company’s stock.

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HMS Company Profile

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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