HMS Holdings Corp (NASDAQ:HMSY) was upgraded by equities research analysts at Raymond James Financial, Inc. from an “outperform” rating to a “strong-buy” rating in a research note issued on Thursday. The brokerage currently has a $23.00 price target on the business services provider’s stock. Raymond James Financial, Inc.’s price objective would indicate a potential upside of 31.28% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Wednesday. UBS AG upgraded shares of HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a report on Thursday. Jefferies Group LLC reiterated a “hold” rating and set a $21.50 price target on shares of HMS Holdings Corp in a report on Wednesday, July 19th. BidaskClub downgraded shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, Cantor Fitzgerald started coverage on shares of HMS Holdings Corp in a report on Wednesday, June 14th. They set an “overweight” rating and a $23.00 price target on the stock. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $23.06.

HMS Holdings Corp (NASDAQ:HMSY) opened at 17.52 on Thursday. The company has a market capitalization of $1.47 billion, a PE ratio of 43.80 and a beta of 1.08. The stock’s 50 day moving average price is $18.99 and its 200-day moving average price is $18.93. HMS Holdings Corp has a 52 week low of $15.94 and a 52 week high of $24.00.

HMS Holdings Corp (NASDAQ:HMSY) last posted its earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share 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 business had revenue of $133.31 million during the quarter, compared to the consensus estimate of $135.96 million. During the same quarter last year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities research analysts predict that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.

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In related news, Director Bart M. Schwartz bought 1,500 shares of the company’s stock in a transaction on Monday, June 12th. The shares were acquired at an average cost of $19.28 per share, for a total transaction of $28,920.00. Following the purchase, the director now directly owns 46,868 shares of the company’s stock, valued at $903,615.04. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Semone Neuman sold 14,546 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $19.00, for a total transaction of $276,374.00. Following the completion of the transaction, the executive vice president now owns 122,685 shares in the company, valued at $2,331,015. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of HMSY. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of HMS Holdings Corp by 133.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 36,126 shares of the business services provider’s stock worth $668,000 after buying an additional 20,660 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of HMS Holdings Corp by 1.9% in the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after buying an additional 200 shares in the last quarter. Scout Investments Inc. increased its position in shares of HMS Holdings Corp by 3.9% in the second quarter. Scout Investments Inc. now owns 145,350 shares of the business services provider’s stock worth $2,689,000 after buying an additional 5,425 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of HMS Holdings Corp by 2.2% in the second quarter. Principal Financial Group Inc. now owns 685,250 shares of the business services provider’s stock worth $12,677,000 after buying an additional 15,029 shares in the last quarter. Finally, Bridge City Capital LLC bought a new position in shares of HMS Holdings Corp during the second quarter worth approximately $611,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

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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