HMS Holdings Corp (HMSY) Announces Quarterly Earnings Results
HMS Holdings Corp (NASDAQ:HMSY) announced its earnings results on Friday. The business services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03), Bloomberg Earnings reports. The firm had revenue of $125.70 million during the quarter, compared to analysts’ expectations of $147.62 million. HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS.
HMS Holdings Corp (HMSY) traded down $3.37 on Friday, reaching $15.57. 9,140,722 shares of the company traded hands, compared to its average volume of 421,362. The company has a market cap of $1.59 billion, a P/E ratio of 30.95 and a beta of 0.94.
In other news, EVP Cynthia Nustad sold 22,907 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $17.64, for a total value of $404,079.48. Following the completion of the transaction, the executive vice president now directly owns 73,877 shares in the company, valued at $1,303,190.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas M. Williams sold 13,140 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $17.78, for a total transaction of $233,629.20. Following the completion of the transaction, the insider now owns 121,264 shares of the company’s stock, valued at $2,156,073.92. The disclosure for this sale can be found here. Insiders have sold 86,675 shares of company stock valued at $1,602,166 in the last quarter. Company insiders own 3.20% of the company’s stock.
Several analysts have recently commented on HMSY shares. UBS AG upgraded shares of HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Jefferies Group LLC reiterated a “hold” rating and issued a $21.50 target price on shares of HMS Holdings Corp in a report on Wednesday, July 19th. Canaccord Genuity reiterated a “buy” rating and issued a $22.00 target price on shares of HMS Holdings Corp in a report on Monday. Finally, BidaskClub downgraded shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $22.94.
About HMS Holdings Corp
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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