Cantor Fitzgerald cut shares of HMS Holdings Corp (NASDAQ:HMSY) from an overweight rating to a neutral rating in a research report report published on Monday morning.

A number of other research analysts also recently commented on the stock. Robert W. Baird reiterated a buy rating and set a $22.00 price objective on shares of HMS Holdings Corp in a research note on Thursday, August 31st. Zacks Investment Research upgraded shares of HMS Holdings Corp from a hold rating to a buy rating and set a $22.00 price objective on the stock in a research note on Tuesday, August 1st. Jefferies Group LLC reiterated a hold rating and set a $21.50 price objective on shares of HMS Holdings Corp in a research note on Tuesday, August 22nd. Canaccord Genuity reiterated a buy rating and set a $22.00 price objective on shares of HMS Holdings Corp in a research note on Monday, October 30th. Finally, BidaskClub downgraded shares of HMS Holdings Corp from a buy rating to a hold rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $20.44.

HMS Holdings Corp (HMSY) opened at $15.85 on Monday. The firm has a market cap of $1,355.43, a price-to-earnings ratio of 31.00, a PEG ratio of 2.58 and a beta of 0.94. HMS Holdings Corp has a 52 week low of $11.01 and a 52 week high of $20.90.

HMS Holdings Corp (NASDAQ:HMSY) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $147.62 million. HMS Holdings Corp had a net margin of 4.94% and a return on equity of 7.93%. HMS Holdings Corp’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. analysts forecast that HMS Holdings Corp will post 0.57 EPS for the current fiscal year.

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HMS Holdings Corp declared that its board has initiated a share buyback program on Friday, November 3rd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

In other news, EVP Semone Neuman sold 20,734 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $17.68, for a total value of $366,577.12. Following the transaction, the executive vice president now directly owns 96,722 shares in the company, valued at approximately $1,710,044.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman William C. Lucia sold 29,894 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $20.00, for a total transaction of $597,880.00. Following the completion of the transaction, the chairman now owns 222,745 shares in the company, valued at $4,454,900. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,535 shares of company stock worth $1,368,537. Insiders own 3.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HMSY. Riverhead Capital Management LLC increased its holdings in shares of HMS Holdings Corp by 80.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after acquiring an additional 2,492 shares during the period. Zions Bancorporation acquired a new stake in shares of HMS Holdings Corp in the 3rd quarter worth about $116,000. Koch Industries Inc. acquired a new stake in shares of HMS Holdings Corp in the 2nd quarter worth about $197,000. Fox Run Management L.L.C. acquired a new stake in shares of HMS Holdings Corp in the 2nd quarter worth about $198,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of HMS Holdings Corp by 1.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after acquiring an additional 200 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

HMS Holdings Corp 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 Holdings Corp (NASDAQ:HMSY)

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