Investors Purchase High Volume of HMS Call Options (NASDAQ:HMSY)

HMS Holdings Corp (NASDAQ:HMSY) was the recipient of some unusual options trading on Monday. Stock investors purchased 1,063 call options on the stock. This represents an increase of approximately 1,869% compared to the typical daily volume of 54 call options.

NASDAQ HMSY traded up $0.50 during trading hours on Wednesday, hitting $29.40. The company had a trading volume of 278,406 shares, compared to its average volume of 620,283. HMS has a fifty-two week low of $17.11 and a fifty-two week high of $38.15. The company has a market cap of $2.47 billion, a P/E ratio of 35.00, a P/E/G ratio of 2.64 and a beta of 1.61. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.34.

HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, February 22nd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $155.80 million during the quarter, compared to the consensus estimate of $155.84 million. HMS had a return on equity of 14.21% and a net margin of 9.19%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS. On average, sell-side analysts forecast that HMS will post 0.97 EPS for the current fiscal year.

A number of research firms recently issued reports on HMSY. Zacks Investment Research lowered HMS from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub lowered HMS from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Guggenheim began coverage on HMS in a research note on Wednesday, April 17th. They set a “buy” rating on the stock. Finally, Cantor Fitzgerald lowered HMS from an “overweight” rating to a “neutral” rating and set a $29.40 price target on the stock. in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $33.04.

In related news, CFO Jeffrey Scott Sherman sold 94,257 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $34.56, for a total value of $3,257,521.92. Following the sale, the chief financial officer now owns 218,253 shares in the company, valued at approximately $7,542,823.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Douglas M. Williams sold 39,393 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $34.64, for a total value of $1,364,573.52. Following the completion of the sale, the chief operating officer now owns 112,578 shares in the company, valued at approximately $3,899,701.92. The disclosure for this sale can be found here. Insiders sold a total of 1,018,795 shares of company stock worth $35,023,853 in the last 90 days. 2.87% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund bought a new position in shares of HMS during the fourth quarter worth about $32,000. Financial Gravity Wealth Inc. bought a new position in shares of HMS during the first quarter worth about $46,000. We Are One Seven LLC bought a new position in shares of HMS during the fourth quarter worth about $84,000. LS Investment Advisors LLC lifted its holdings in HMS by 80.0% in the fourth quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock worth $141,000 after acquiring an additional 2,230 shares during the last quarter. Finally, BlueMountain Capital Management LLC bought a new position in HMS in the third quarter worth about $146,000. Institutional investors own 95.47% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was reported by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.baseballdailydigest.com/news/2019/04/24/hms-sees-unusually-large-options-volume-hmsy.html.

About HMS

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.

Read More: Do Tariffs Work?

Receive News & Ratings for HMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS and related companies with MarketBeat.com's FREE daily email newsletter.