HMS Target of Unusually High Options Trading (HMSY)

HMS Holdings Corp (NASDAQ:HMSY) saw some unusual options trading on Monday. Investors purchased 1,000 call options on the stock. This is an increase of 1,567% compared to the average volume of 60 call options.

A number of institutional investors have recently bought and sold shares of HMSY. Bank of New York Mellon Corp grew its holdings in HMS by 49.7% during the third quarter. Bank of New York Mellon Corp now owns 1,723,768 shares of the business services provider’s stock worth $34,235,000 after acquiring an additional 572,442 shares during the period. Kornitzer Capital Management Inc. KS acquired a new stake in HMS during the third quarter worth about $8,673,000. Citadel Advisors LLC grew its holdings in HMS by 274.2% during the second quarter. Citadel Advisors LLC now owns 370,454 shares of the business services provider’s stock worth $6,854,000 after acquiring an additional 271,448 shares during the period. DnB Asset Management AS acquired a new stake in HMS during the fourth quarter worth about $3,875,000. Finally, Koch Industries Inc. acquired a new stake in HMS during the second quarter worth about $197,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the company. Zacks Investment Research raised HMS from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Citigroup assumed coverage on HMS in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. BidaskClub raised HMS from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $20.00 target price (down from $25.50) on shares of HMS in a research report on Wednesday, November 29th. Finally, Cantor Fitzgerald lowered HMS from an “overweight” rating to a “neutral” rating in a research report on Monday, November 20th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. HMS currently has a consensus rating of “Buy” and a consensus price target of $20.39.

HMS (HMSY) opened at $17.83 on Friday. The firm has a market capitalization of $1,490.00, a PE ratio of 61.48, a PEG ratio of 2.56 and a beta of 0.88. HMS has a 1-year low of $11.01 and a 1-year high of $20.90.

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

HMS declared that its Board of Directors has authorized a share repurchase plan on Friday, November 3rd that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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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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