HMS Holdings Corp (NASDAQ:HMSY) was the recipient of unusually large options trading on Monday. Stock investors acquired 1,470 call options on the stock. This is an increase of 2,162% compared to the average volume of 65 call options.

Shares of HMSY opened at $32.80 on Tuesday. The firm has a market cap of $2.82 billion, a PE ratio of 61.38, a price-to-earnings-growth ratio of 4.04 and a beta of 1.11. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.39. HMS has a one year low of $11.01 and a one year high of $33.85.

HMS (NASDAQ:HMSY) last released its earnings results on Friday, August 3rd. The business services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The firm had revenue of $146.80 million for the quarter, compared to analyst estimates of $139.22 million. HMS had a return on equity of 5.47% and a net margin of 6.25%. HMS’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 earnings per share. sell-side analysts anticipate that HMS will post 0.76 EPS for the current year.

HMSY has been the topic of several analyst reports. Credit Suisse Group increased their target price on HMS from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 22nd. ValuEngine raised HMS from a “buy” rating to a “strong-buy” rating in a report on Monday, August 13th. Chardan Capital assumed coverage on HMS in a report on Thursday, September 13th. They set a “neutral” rating and a $35.00 price target on the stock. Zacks Investment Research raised HMS from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, July 10th. Finally, Leerink Swann assumed coverage on HMS in a report on Thursday, June 14th. They set an “outperform” rating and a $25.00 price target on the stock. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $30.90.

In other HMS news, Chairman William C. Lucia sold 69,818 shares of the stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $24.05, for a total value of $1,679,122.90. Following the sale, the chairman now directly owns 181,400 shares of the company’s stock, valued at $4,362,670. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.54% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in HMSY. Wells Fargo & Company MN grew its holdings in HMS by 76.1% during the first quarter. Wells Fargo & Company MN now owns 344,954 shares of the business services provider’s stock worth $5,810,000 after acquiring an additional 149,123 shares during the period. SG Americas Securities LLC acquired a new position in HMS during the first quarter worth about $142,000. Schwab Charles Investment Management Inc. grew its holdings in HMS by 4.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 562,951 shares of the business services provider’s stock worth $9,481,000 after acquiring an additional 25,273 shares during the period. Envestnet Asset Management Inc. grew its holdings in HMS by 94.7% during the first quarter. Envestnet Asset Management Inc. now owns 15,328 shares of the business services provider’s stock worth $258,000 after acquiring an additional 7,455 shares during the period. Finally, Scout Investments Inc. grew its holdings in HMS by 8.6% during the first quarter. Scout Investments Inc. now owns 165,250 shares of the business services provider’s stock worth $2,783,000 after acquiring an additional 13,100 shares during the period. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

HMS Company Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.

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