HMS Holdings Corp (HMSY) Upgraded to “Strong-Buy” at UBS AG
HMS Holdings Corp (NASDAQ:HMSY) was upgraded by equities research analysts at UBS AG from an “outperform” rating to a “strong-buy” rating in a report issued on Thursday, The Fly reports.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group LLC reissued a “hold” rating and set a $21.50 price objective on shares of HMS Holdings Corp in a report on Wednesday, July 19th. BidaskClub lowered shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Cantor Fitzgerald assumed coverage on shares of HMS Holdings Corp in a report on Wednesday, June 14th. They set an “overweight” rating and a $23.00 price objective on the stock. Finally, Canaccord Genuity assumed coverage on shares of HMS Holdings Corp in a report on Tuesday, July 11th. They set a “buy” rating and a $22.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. HMS Holdings Corp has an average rating of “Buy” and a consensus target price of $23.06.
Shares of 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 has a 50 day moving average price of $18.99 and a 200-day moving average price of $18.93. HMS Holdings Corp has a 12 month low of $15.94 and a 12 month high of $24.00.
HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, August 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $133.31 million for the quarter, compared to analysts’ expectations of $135.96 million. HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. Analysts forecast that HMS Holdings Corp will post $0.81 EPS for the current year.
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In other news, Director Bart M. Schwartz bought 1,500 shares of the stock in a transaction on Monday, June 12th. The stock was bought at an average cost of $19.28 per share, for a total transaction of $28,920.00. Following the completion of the purchase, the director now directly owns 46,868 shares in the company, valued at $903,615.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Semone Neuman sold 14,546 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $19.00, for a total transaction of $276,374.00. Following the completion of the sale, the executive vice president now owns 122,685 shares of the company’s stock, valued at $2,331,015. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC purchased a new stake in shares of HMS Holdings Corp during the first quarter valued at $108,000. LS Investment Advisors LLC increased its stake in shares of HMS Holdings Corp by 48.3% in the first quarter. LS Investment Advisors LLC now owns 5,512 shares of the business services provider’s stock valued at $112,000 after buying an additional 1,795 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of HMS Holdings Corp during the first quarter valued at $148,000. State of Alaska Department of Revenue increased its stake in shares of HMS Holdings Corp by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 9,230 shares of the business services provider’s stock valued at $187,000 after buying an additional 90 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of HMS Holdings Corp during the second quarter valued at $198,000. Institutional investors own 94.76% of the company’s stock.
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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