There has been some selling insider activity on HMS Holdings Corp (NASDAQ:HMSY) recently. William C. Lucia, Chairman, President and CEO disclosed the sale of 45,280 shares of (HMSY). The shares were purchased at an average price of $22.09. The Chairman, President and CEO now owns $4,632,317 of the stock per the Form 4 SEC filing. Today Ellen A. Rudnick, Director disclosed the sale of 19,950 shares of HMSY stock. The shares were sold on September 14th for an average price of $21.59. Rudnick now owns $1,158,627 of the stock according to the SEC filing.
Yesterday Director Iii William F. Miller disclosed the sale of 9,300 shares. The shares were sold on September 14th for an average price of $21.60. The Director now owns $3,415,565 of the stock per the Form 4 SEC filing.
These firms have also modified their investment in HMSY. As of the end of the quarter BNP Paribas Investment Partners S.A. had sold a total of 113,300 shares trimming its position 57.2%. The value of the company’s investment in HMS Holdings Corp decreased from $2,446,000 to $1,495,000 a change of 38.9% quarter over quarter. Mason Street Advisors, LLC augmented its investment by buying 2,590 shares an increase of 18.7% in the quarter. Mason Street Advisors, LLC claims 16,452 shares valued at $290,000. The value of the position overall is up by 69.6%.
Royal Bank Of Canada grew its stake by buying 49,132 shares an increase of 72,252.9%. Royal Bank Of Canada currently owns 49,200 shares worth $866,000. The total value of its holdings increased 86,500.0%. Ifp Advisors, Inc cut its ownership by shedding 172 shares a decrease of 90.5% as of 06/30/2016. Ifp Advisors, Inc now holds 18 shares with a value of $0. The value of the position overall is down by 100.0%.
On August 18 the company was set at “Hold” in a report from Jefferies down from the previous “Buy” rating. On June 1, 2016 Credit Suisse released its first research report on the stock giving it an initial rating of “Outperform” and a price target of $19.00.
On April 29, 2016 the stock rating was changed to a “Outperform” according to a Oppenheimer report which is up from the previous “Perform” rating. Avondale Partners initiated coverage on HMSY with a rating of “Market Outperform” and setting a price target of $18.00.
On August 10 Jefferies held the company rating at “Buy” and lowered the price target from $21.00 to $14.00. On August 3 the stock rating was downgraded to “Perform” from “Outperform” in a report from Oppenheimer.
In the market the company is trading up by 1.00 percent from yesterday’s close. The stock last traded at $22.20 a tad below $22.29, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $18.00. The 50 day moving average went down $-0.09 or -0.42% and the 200 day average went up by +23.32%.
The company currently has a P/E ratio of 67.07 and market cap is 1.87B. As of the last earnings report the EPS was $0.33 and is estimated to be $0.69 for the current year with 84,441,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.19 and the next full year EPS is projected to be $0.79.
Short traders are feeling a little more bearish on HMS Holdings Corp of late as implied by the increase in short interest. The firm recorded a rise in short interest from August 31, 2016 to September 15, 2016 of 0.07%. Short shares grew from 2,387,861 to 2,550,450 over that timeframe. Days to cover increased from 4.3 to 6.7 and the percentage of shorted shares is 0.03% as of September 15.