Guggenheim started coverage on shares of HMS (NASDAQ:HMSY) in a report published on Wednesday, April 17th, BenzingaRatingsTable reports. The firm issued a buy rating on the business services provider’s stock.
Several other brokerages have also recently issued reports on HMSY. BidaskClub cut shares of HMS from a strong-buy rating to a buy rating in a report on Tuesday, December 18th. Zacks Investment Research cut shares of HMS from a strong-buy rating to a hold rating in a report on Friday, January 4th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. HMS currently has a consensus rating of Buy and an average target price of $33.14.
Shares of HMSY stock traded up $0.42 during mid-day trading on Wednesday, hitting $31.18. The company had a trading volume of 487,828 shares, compared to its average volume of 626,073. The company has a market capitalization of $2.68 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 2.71 and a beta of 1.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.40 and a current ratio of 5.63. HMS has a 52-week low of $20.10 and a 52-week high of $38.15.
In other news, insider Teresa South sold 216,903 shares of HMS stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $34.57, for a total transaction of $7,498,336.71. Following the transaction, the insider now owns 137,622 shares in the company, valued at approximately $4,757,592.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey Scott Sherman sold 268,426 shares of HMS stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $34.55, for a total value of $9,274,118.30. Following the transaction, the chief financial officer now owns 218,253 shares in the company, valued at approximately $7,540,641.15. 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.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in HMS by 0.6% during the first quarter. Principal Financial Group Inc. now owns 722,303 shares of the business services provider’s stock worth $21,388,000 after acquiring an additional 4,377 shares during the period. AlphaCrest Capital Management LLC acquired a new position in HMS during the first quarter worth $284,000. GAM Holding AG grew its holdings in HMS by 355.0% during the first quarter. GAM Holding AG now owns 91,267 shares of the business services provider’s stock worth $2,702,000 after acquiring an additional 71,208 shares during the period. NumerixS Investment Technologies Inc grew its holdings in HMS by 129.3% during the first quarter. NumerixS Investment Technologies Inc now owns 15,636 shares of the business services provider’s stock worth $462,000 after acquiring an additional 8,818 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in HMS by 7.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 82,119 shares of the business services provider’s stock worth $2,420,000 after acquiring an additional 5,786 shares during the period. Institutional investors and hedge funds own 93.40% of the company’s stock.
HMS Company Profile
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.
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