HMS Holdings Corp (NASDAQ:HMSY) – Analysts at Cantor Fitzgerald lowered their FY2020 earnings per share (EPS) estimates for HMS in a research report issued to clients and investors on Monday, November 4th. Cantor Fitzgerald analyst S. Halper now forecasts that the business services provider will post earnings per share of $1.17 for the year, down from their previous forecast of $1.21. Cantor Fitzgerald has a “Buy” rating and a $42.00 price objective on the stock.

HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, November 1st. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The business had revenue of $146.82 million during the quarter, compared to analysts’ expectations of $165.79 million. HMS had a return on equity of 14.28% and a net margin of 16.69%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS.

Several other research analysts have also recently issued reports on HMSY. Guggenheim cut HMS from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research report on Thursday, August 22nd. Zacks Investment Research raised HMS from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research report on Tuesday. BidaskClub cut HMS from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. Credit Suisse Group lowered their price objective on HMS from $45.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Leerink Swann started coverage on HMS in a research report on Monday, August 5th. They set an “outperform” rating and a $50.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. HMS presently has a consensus rating of “Buy” and a consensus target price of $40.76.

NASDAQ:HMSY opened at $27.01 on Wednesday. The stock has a 50-day simple moving average of $33.53 and a 200-day simple moving average of $33.53. The stock has a market cap of $2.31 billion, a P/E ratio of 32.15, a P/E/G ratio of 2.24 and a beta of 1.16. HMS has a 1 year low of $24.43 and a 1 year high of $40.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 6.72 and a current ratio of 6.68.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FDx Advisors Inc. raised its stake in HMS by 2.7% during the 2nd quarter. FDx Advisors Inc. now owns 11,935 shares of the business services provider’s stock valued at $387,000 after acquiring an additional 313 shares during the last quarter. Comerica Bank raised its stake in HMS by 0.4% during the 3rd quarter. Comerica Bank now owns 81,947 shares of the business services provider’s stock valued at $2,733,000 after acquiring an additional 313 shares during the last quarter. Pitcairn Co. raised its stake in HMS by 3.0% during the 2nd quarter. Pitcairn Co. now owns 10,881 shares of the business services provider’s stock valued at $353,000 after acquiring an additional 315 shares during the last quarter. Texas Permanent School Fund raised its stake in HMS by 0.6% during the 3rd quarter. Texas Permanent School Fund now owns 59,456 shares of the business services provider’s stock valued at $2,049,000 after acquiring an additional 346 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in HMS by 9.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,327 shares of the business services provider’s stock valued at $184,000 after acquiring an additional 438 shares during the last quarter. 96.50% of the stock is owned by hedge funds and other institutional investors.

In related news, Director William F. Miller III sold 2,766 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $37.11, for a total value of $102,646.26. Following the completion of the sale, the director now directly owns 67,542 shares of the company’s stock, valued at approximately $2,506,483.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey Scott Sherman sold 86,485 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $38.12, for a total value of $3,296,808.20. Following the completion of the sale, the chief financial officer now directly owns 219,849 shares of the company’s stock, valued at $8,380,643.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 482,211 shares of company stock valued at $18,379,530. Insiders own 2.87% of the company’s stock.

HMS Company Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.

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Earnings History and Estimates for HMS (NASDAQ:HMSY)

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