Zacks Investment Research Lowers HMS Holdings Corp (HMSY) to Hold
HMS Holdings Corp (NASDAQ:HMSY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “HMS Holdings furnishes information-based revenue recovery and business office outsourcing services to healthcare providers and payors. “
Several other equities analysts have also commented on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $21.50 target price on shares of HMS Holdings Corp in a report on Friday, June 16th. TheStreet downgraded shares of HMS Holdings Corp from a “b” rating to a “c+” rating in a research report on Friday, May 12th. Cantor Fitzgerald assumed coverage on shares of HMS Holdings Corp in a research report on Wednesday, June 14th. They set an “overweight” rating and a $23.00 target price on the stock. Canaccord Genuity assumed coverage on shares of HMS Holdings Corp in a research report on Tuesday, July 11th. They set a “buy” rating and a $22.00 target price on the stock. Finally, BidaskClub downgraded shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. HMS Holdings Corp presently has an average rating of “Buy” and a consensus target price of $23.06.
HMS Holdings Corp (NASDAQ HMSY) traded down 3.20% on Wednesday, hitting $17.52. 738,666 shares of the stock traded hands. HMS Holdings Corp has a 52 week low of $15.94 and a 52 week high of $24.00. The firm’s 50 day moving average is $19.08 and its 200 day moving average is $18.92. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 43.80 and a beta of 1.08.
HMS Holdings Corp (NASDAQ:HMSY) last released its quarterly earnings results on Friday, August 4th. The business services provider reported $0.16 EPS 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 for the quarter, compared to the consensus estimate of $135.96 million. During the same period in the prior year, the business posted $0.18 earnings per share. HMS Holdings Corp’s revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that HMS Holdings Corp will post $0.81 earnings per share for the current year.
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In other HMS Holdings Corp news, EVP Semone Neuman sold 14,546 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $19.00, for a total transaction of $276,374.00. Following the sale, the executive vice president now directly owns 122,685 shares of the company’s stock, valued at $2,331,015. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bart M. Schwartz acquired 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 completion of the acquisition, the director now owns 46,868 shares of the company’s stock, valued at $903,615.04. The disclosure for this purchase can be found here. 3.20% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in HMSY. Stoneridge Investment Partners LLC acquired a new stake in HMS Holdings Corp during the first quarter valued at approximately $726,000. Nationwide Fund Advisors increased its stake in HMS Holdings Corp by 2.3% in the first quarter. Nationwide Fund Advisors now owns 98,924 shares of the business services provider’s stock valued at $2,011,000 after buying an additional 2,222 shares during the period. Russell Investments Group Ltd. acquired a new stake in HMS Holdings Corp during the fourth quarter valued at approximately $403,000. Guggenheim Capital LLC increased its stake in HMS Holdings Corp by 192.1% in the fourth quarter. Guggenheim Capital LLC now owns 66,208 shares of the business services provider’s stock valued at $1,203,000 after buying an additional 43,542 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in HMS Holdings Corp by 29.2% in the first quarter. OppenheimerFunds Inc. now owns 21,480 shares of the business services provider’s stock valued at $437,000 after buying an additional 4,850 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.
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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