HMS (NASDAQ:HMSY) Earns “Outperform” Rating from Credit Suisse Group
Credit Suisse Group reissued their outperform rating on shares of HMS (NASDAQ:HMSY) in a research note issued to investors on Wednesday, Briefing.com Automated Import reports.
Several other research firms have also weighed in on HMSY. KeyCorp reissued a hold rating on shares of Westrock in a report on Monday, June 24th. Cantor Fitzgerald lowered HMS from an overweight rating to a neutral rating and set a $29.40 target price on the stock. in a report on Wednesday, April 17th. William Blair reissued an outperform rating on shares of Envestnet in a report on Thursday, March 14th. BidaskClub raised Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Thursday, July 4th. Finally, Chardan Capital raised HMS from a neutral rating to a buy rating and upped their target price for the company from $37.00 to $41.00 in a report on Monday, July 1st. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. HMS presently has a consensus rating of Buy and an average price target of $33.57.
HMS stock opened at $33.41 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.34 and a quick ratio of 5.34. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 3.02 and a beta of 1.41. HMS has a fifty-two week low of $23.00 and a fifty-two week high of $38.15. The firm has a fifty day moving average price of $31.59.
In related news, Chairman William C. Lucia sold 61,582 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $31.59, for a total transaction of $1,945,375.38. Following the sale, the chairman now owns 172,878 shares of the company’s stock, valued at $5,461,216.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman William C. Lucia sold 59,862 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $30.31, for a total value of $1,814,417.22. Following the sale, the chairman now directly owns 182,397 shares in the company, valued at approximately $5,528,453.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 174,716 shares of company stock worth $5,418,806. Corporate insiders own 2.87% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund grew its holdings in HMS by 4.6% in the 4th quarter. Texas Permanent School Fund now owns 54,908 shares of the business services provider’s stock worth $1,545,000 after acquiring an additional 2,393 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in HMS by 674.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 49,467 shares of the business services provider’s stock worth $1,392,000 after acquiring an additional 43,077 shares during the last quarter. State of Tennessee Treasury Department grew its holdings in HMS by 3.7% in the 4th quarter. State of Tennessee Treasury Department now owns 62,390 shares of the business services provider’s stock worth $1,755,000 after acquiring an additional 2,222 shares during the last quarter. Martingale Asset Management L P bought a new stake in HMS in the 4th quarter worth $260,000. Finally, Citigroup Inc. grew its holdings in HMS by 3.0% in the 4th quarter. Citigroup Inc. now owns 58,264 shares of the business services provider’s stock worth $1,639,000 after acquiring an additional 1,684 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.
HMS Company Profile
HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.
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