HMS Holdings Corp (NASDAQ:HMSY) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 2,526,110 shares, a growth of 103.4% from the July 31st total of 1,241,738 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily volume of 782,830 shares, the days-to-cover ratio is presently 3.2 days.

In other news, EVP Semone Neuman sold 20,734 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $17.68, for a total value of $366,577.12. Following the completion of the transaction, the executive vice president now directly owns 96,722 shares in the company, valued at $1,710,044.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bart M. Schwartz bought 1,500 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was purchased at an average price of $19.28 per share, with a total value of $28,920.00. Following the completion of the purchase, the director now directly owns 46,868 shares of the company’s stock, valued at approximately $903,615.04. The disclosure for this purchase can be found here. Insiders sold 48,420 shares of company stock valued at $876,580 over the last 90 days. Insiders own 3.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Stephens Inc. AR raised its stake in HMS Holdings Corp by 0.3% in the first quarter. Stephens Inc. AR now owns 29,737 shares of the business services provider’s stock valued at $605,000 after buying an additional 78 shares during the period. State of Alaska Department of Revenue raised its stake in HMS Holdings Corp by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 9,230 shares of the business services provider’s stock valued at $187,000 after buying an additional 90 shares during the period. Louisiana State Employees Retirement System raised its stake in HMS Holdings Corp by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the business services provider’s stock valued at $633,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its stake in HMS Holdings Corp by 0.5% in the second quarter. Arizona State Retirement System now owns 43,697 shares of the business services provider’s stock valued at $808,000 after buying an additional 200 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in HMS Holdings Corp by 1.9% in the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock valued at $201,000 after buying an additional 200 shares during the period. 93.04% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on HMSY shares. Zacks Investment Research downgraded shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. TheStreet downgraded shares of HMS Holdings Corp from a “b” rating to a “c+” rating in a research note on Friday, May 12th. Cantor Fitzgerald started coverage on shares of HMS Holdings Corp in a research note on Wednesday, June 14th. They issued an “overweight” rating and a $23.00 target price for the company. Jefferies Group LLC restated a “hold” rating and issued a $21.50 target price on shares of HMS Holdings Corp in a research note on Friday, June 16th. Finally, Canaccord Genuity started coverage on shares of HMS Holdings Corp in a research note on Tuesday, July 11th. They issued a “buy” rating and a $22.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $23.06.

HMS Holdings Corp (NASDAQ HMSY) opened at 17.54 on Thursday. The company has a market capitalization of $1.47 billion, a P/E ratio of 49.97 and a beta of 1.08. The firm’s 50-day moving average is $18.58 and its 200-day moving average is $18.88. HMS Holdings Corp has a 1-year low of $15.94 and a 1-year high of $23.06.

HMS Holdings Corp (NASDAQ:HMSY) last released its earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.02. The company had revenue of $133.31 million for the quarter, compared to analyst estimates of $135.96 million. HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. Equities research analysts predict that HMS Holdings Corp will post $0.81 EPS for the current year.

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HMS Holdings Corp 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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