HMS Target of Unusually Large Options Trading (HMSY)

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

Shares of HMS (HMSY) traded down $0.71 during trading on Friday, reaching $16.29. The company’s stock had a trading volume of 664,294 shares, compared to its average volume of 474,278. HMS has a 12-month low of $11.01 and a 12-month high of $20.90. The firm has a market capitalization of $1,440.35 and a PE ratio of 57.10.

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

HMS declared that its Board of Directors has initiated a stock buyback plan on Friday, November 3rd that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

HMSY has been the subject of several research reports. Canaccord Genuity reiterated a “buy” rating and issued a $22.00 target price on shares of HMS in a research report on Monday, October 30th. Zacks Investment Research upgraded HMS from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. BidaskClub downgraded HMS from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Citigroup initiated coverage on HMS in a research report on Thursday, January 4th. They set a “neutral” rating for the company. Finally, Wells Fargo & Co restated an “outperform” rating and set a $20.00 price objective (down from $25.50) on shares of HMS in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. HMS has a consensus rating of “Buy” and an average target price of $20.39.

Large investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC purchased a new position in shares of HMS during the third quarter valued at approximately $3,487,000. OxFORD Asset Management LLP boosted its position in HMS by 33.5% in the second quarter. OxFORD Asset Management LLP now owns 80,474 shares of the business services provider’s stock worth $1,489,000 after purchasing an additional 20,173 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in HMS by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,230,969 shares of the business services provider’s stock worth $64,167,000 after purchasing an additional 91,753 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in HMS in the third quarter worth $469,000. Finally, Bank of New York Mellon Corp boosted its position in HMS by 49.7% in 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 purchasing an additional 572,442 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

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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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