HMS (NASDAQ:HMSY) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Monday.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research raised HMS from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Citigroup initiated coverage on HMS in a research report on Thursday, January 4th. They set a “neutral” rating for the company. Wells Fargo & Co reissued an “outperform” rating and set a $20.00 price target (down from $25.50) on shares of HMS in a research report on Wednesday, November 29th. Cantor Fitzgerald cut HMS from an “overweight” rating to a “neutral” rating in a research report on Monday, November 20th. Finally, Robert W. Baird reissued a “buy” rating on shares of HMS in a research report on Sunday, November 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $20.39.

HMS (NASDAQ HMSY) opened at $15.69 on Monday. The firm has a market capitalization of $1,320.00, a PE ratio of 54.10, a PEG ratio of 2.39 and a beta of 0.84. HMS has a 52-week low of $11.01 and a 52-week high of $20.90.

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

HMS declared that its Board of Directors has approved a stock repurchase plan on Friday, November 3rd that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Van Berkom & Associates Inc. lifted its position in shares of HMS by 3.4% in the third quarter. Van Berkom & Associates Inc. now owns 3,639,274 shares of the business services provider’s stock valued at $72,276,000 after buying an additional 121,335 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 valued at $64,167,000 after buying an additional 91,753 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of HMS by 2.4% in the third quarter. Eagle Asset Management Inc. now owns 3,134,645 shares of the business services provider’s stock valued at $63,319,000 after buying an additional 72,082 shares during the last quarter. American Capital Management Inc. lifted its position in shares of HMS by 0.9% in the third quarter. American Capital Management Inc. now owns 2,546,223 shares of the business services provider’s stock valued at $50,568,000 after buying an additional 22,647 shares during the last quarter. Finally, State Street Corp lifted its position in shares of HMS by 4.4% in the second quarter. State Street Corp now owns 2,217,293 shares of the business services provider’s stock valued at $41,018,000 after buying an additional 92,900 shares during the last quarter. 95.38% of the stock is owned by hedge funds and other institutional investors.

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About HMS

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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