HMS Holdings Corp (HMSY) Receiving Somewhat Positive Media Coverage, Analysis Shows
Press coverage about HMS Holdings Corp (NASDAQ:HMSY) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. HMS Holdings Corp earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.4004037080971 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of research firms have issued reports on HMSY. Cantor Fitzgerald reaffirmed a “buy” rating and set a $23.00 price objective on shares of HMS Holdings Corp in a report on Tuesday, September 26th. Robert W. Baird reaffirmed a “buy” rating and set a $22.00 price objective on shares of HMS Holdings Corp in a report on Thursday, August 31st. BidaskClub downgraded shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research raised 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 report on Tuesday, August 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $21.50 price objective on shares of HMS Holdings Corp in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. HMS Holdings Corp presently has an average rating of “Buy” and an average target price of $22.94.
Shares of HMS Holdings Corp (NASDAQ:HMSY) traded up 0.37% during trading on Tuesday, hitting $18.99. 461,517 shares of the company were exchanged. The company has a 50 day moving average of $18.97 and a 200-day moving average of $19.00. HMS Holdings Corp has a 1-year low of $15.94 and a 1-year high of $22.05. The stock has a market capitalization of $1.60 billion, a PE ratio of 54.10 and a beta of 1.13.
HMS Holdings Corp (NASDAQ:HMSY) last released its quarterly earnings data on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The business had revenue of $133.31 million for the quarter, compared to analysts’ expectations of $135.96 million. During the same period last year, the business earned $0.18 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts forecast that HMS Holdings Corp will post $0.81 earnings per share for the current year.
In related news, Chairman William C. Lucia sold 29,894 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $20.00, for a total transaction of $597,880.00. Following the sale, the chairman now directly owns 222,745 shares of the company’s stock, valued at $4,454,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas M. Williams sold 13,140 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $17.78, for a total value of $233,629.20. Following the sale, the insider now directly owns 121,264 shares in the company, valued at $2,156,073.92. The disclosure for this sale can be found here. Insiders have sold 86,675 shares of company stock worth $1,602,166 over the last ninety days. 3.20% of the stock is currently owned by insiders.
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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