HMS Holdings Corp (HMSY) Given Average Recommendation of “Buy” by Analysts
Shares of HMS Holdings Corp (NASDAQ:HMSY) have been assigned an average rating of “Buy” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $23.06.
A number of equities research analysts have commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $21.50 target price on shares of HMS Holdings Corp in a research report on Friday, June 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $22.00 target price on shares of HMS Holdings Corp in a research report on Thursday, August 31st. Zacks Investment Research raised shares of HMS Holdings Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. BidaskClub downgraded shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Cantor Fitzgerald initiated coverage on shares of HMS Holdings Corp in a research report on Wednesday, June 14th. They issued an “overweight” rating and a $23.00 target price for the company.
In other news, insider Douglas M. Williams sold 13,140 shares of HMS Holdings Corp stock in a transaction 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 transaction, the insider now owns 121,264 shares in the company, valued at approximately $2,156,073.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Semone Neuman sold 20,734 shares of HMS Holdings Corp stock in a transaction on Monday, August 28th. The stock was sold at an average price of $17.68, for a total transaction of $366,577.12. Following the transaction, the executive vice president now owns 96,722 shares in the company, valued at approximately $1,710,044.96. The disclosure for this sale can be found here. Insiders have sold a total of 56,781 shares of company stock worth $1,004,286 in the last quarter. Corporate insiders own 3.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HMSY. BlackRock Inc. lifted its stake in shares of HMS Holdings Corp by 136,087.1% during the 1st quarter. BlackRock Inc. now owns 10,239,908 shares of the business services provider’s stock valued at $208,179,000 after buying an additional 10,232,389 shares in the last quarter. Cambiar Investors LLC purchased a new position in shares of HMS Holdings Corp during the 2nd quarter valued at $14,895,000. Vanguard Group Inc. lifted its stake in shares of HMS Holdings Corp by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 8,363,369 shares of the business services provider’s stock valued at $170,028,000 after buying an additional 455,459 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in shares of HMS Holdings Corp during the 2nd quarter valued at $6,464,000. Finally, Mackenzie Financial Corp lifted its stake in shares of HMS Holdings Corp by 14.5% during the 1st quarter. Mackenzie Financial Corp now owns 2,572,933 shares of the business services provider’s stock valued at $52,308,000 after buying an additional 326,778 shares in the last quarter. Institutional investors own 93.09% of the company’s stock.
HMS Holdings Corp (HMSY) opened at 19.02 on Wednesday. The company has a 50-day moving average price of $18.16 and a 200 day moving average price of $18.84. The stock has a market cap of $1.60 billion, a P/E ratio of 54.19 and a beta of 1.10. HMS Holdings Corp has a 1-year low of $15.94 and a 1-year high of $23.06.
HMS Holdings Corp (NASDAQ:HMSY) last posted its earnings results on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The company had revenue of $133.31 million during the quarter, compared to the consensus estimate of $135.96 million. During the same period last year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts expect that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.
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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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