Shares of HMS Holdings Corp. (NASDAQ:HMSY) have been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the firm. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $20.75.
Several equities analysts recently commented on HMSY shares. TheStreet raised shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Jefferies Group cut shares of HMS Holdings Corp. from a “buy” rating to a “hold” rating and boosted their price target for the stock from $19.00 to $23.00 in a research note on Thursday, August 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of HMS Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th.
Shares of HMS Holdings Corp. (NASDAQ:HMSY) opened at 21.00 on Thursday. The firm has a market capitalization of $1.77 billion, a PE ratio of 63.44 and a beta of 0.81. HMS Holdings Corp. has a 52-week low of $9.51 and a 52-week high of $24.00. The stock’s 50 day moving average is $21.89 and its 200 day moving average is $18.68.
HMS Holdings Corp. (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The company earned $123.60 million during the quarter, compared to analysts’ expectations of $116.85 million. HMS Holdings Corp. had a net margin of 5.86% and a return on equity of 8.83%. HMS Holdings Corp.’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 earnings per share. On average, equities research analysts forecast that HMS Holdings Corp. will post $0.69 EPS for the current year.
In other news, CEO William C. Lucia sold 45,280 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $22.09, for a total value of $1,000,235.20. Following the completion of the sale, the chief executive officer now directly owns 194,982 shares in the company, valued at approximately $4,307,152.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Becker acquired 5,000 shares of the stock in a transaction dated Wednesday, September 14th. The stock was acquired at an average price of $21.96 per share, with a total value of $109,800.00. Following the completion of the acquisition, the director now owns 11,701 shares in the company, valued at approximately $256,953.96. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of HMS Holdings Corp. by 13.0% in the second quarter. US Bancorp DE now owns 7,171 shares of the company’s stock worth $126,000 after buying an additional 824 shares during the last quarter. Paradigm Asset Management Co. LLC raised its stake in shares of HMS Holdings Corp. by 0.9% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,600 shares of the company’s stock worth $134,000 after buying an additional 66 shares during the last quarter. BlackRock Inc. raised its stake in shares of HMS Holdings Corp. by 25.8% in the second quarter. BlackRock Inc. now owns 7,777 shares of the company’s stock worth $137,000 after buying an additional 1,596 shares during the last quarter. Creative Planning raised its stake in shares of HMS Holdings Corp. by 400,000.0% in the second quarter. Creative Planning now owns 8,002 shares of the company’s stock worth $141,000 after buying an additional 8,000 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in shares of HMS Holdings Corp. during the second quarter worth $227,000. Hedge funds and other institutional investors own 96.56% 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.
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