HMS (NASDAQ:HMSY) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Co reaffirmed an “outperform” rating and set a $20.00 price target (down previously from $25.50) on shares of HMS in a research report on Wednesday, November 29th. Canaccord Genuity reduced their price target on HMS from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, November 6th. Jefferies Group reaffirmed a “neutral” rating on shares of HMS in a research report on Sunday, November 5th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $16.00 price target on shares of HMS in a research report on Sunday, November 19th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of HMS in a research report on Sunday, November 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. HMS presently has an average rating of “Buy” and a consensus price target of $20.39.

HMS (HMSY) opened at $17.30 on Friday. HMS has a 12-month low of $11.01 and a 12-month high of $20.90. The firm has a market capitalization of $1,468.10, a P/E ratio of 59.66, a price-to-earnings-growth ratio of 2.57 and a beta of 0.88.

HMS (NASDAQ:HMSY) last released its quarterly earnings results 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). HMS had a return on equity of 7.93% and a net margin of 4.94%. The firm had revenue of $125.70 million for the quarter, compared to analyst estimates of $147.62 million. During the same period last year, the company earned $0.24 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. equities research analysts predict that HMS will post 0.55 earnings per share for the current year.

HMS announced that its Board of Directors has initiated a share repurchase program 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. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Several institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in shares of HMS by 6.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 537,678 shares of the business services provider’s stock worth $9,114,000 after purchasing an additional 31,023 shares in the last quarter. Clean Yield Group raised its stake in shares of HMS by 37.7% during the 4th quarter. Clean Yield Group now owns 59,885 shares of the business services provider’s stock worth $1,015,000 after purchasing an additional 16,410 shares in the last quarter. DnB Asset Management AS bought a new stake in shares of HMS during the 4th quarter worth approximately $3,875,000. GSA Capital Partners LLP raised its stake in shares of HMS by 171.4% during the 3rd quarter. GSA Capital Partners LLP now owns 100,073 shares of the business services provider’s stock worth $1,987,000 after purchasing an additional 63,198 shares in the last quarter. Finally, Dana Investment Advisors Inc. bought a new stake in shares of HMS during the 3rd quarter worth approximately $2,514,000. Institutional investors own 96.12% of the company’s stock.

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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.

Analyst Recommendations for HMS (NASDAQ:HMSY)

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