Short Interest in HMS Holdings Corp Increases By 24.2% (HMSY)
Shares of HMS Holdings Corp (NASDAQ:HMSY) were the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 9,683,756 shares, a growth of 24.2% from the April 15th total of 7,795,061 shares, Stock Ratings News reports. Based on an average daily trading volume, of 1,348,338 shares, the days-to-cover ratio is presently 7.2 days. Approximately 11.2% of the shares of the company are short sold.
A number of analysts have recently weighed in on HMSY shares. Analysts at Jefferies Group reiterated a “buy” rating on shares of HMS Holdings Corp in a research note on Monday. They now have a $23.00 price target on the stock, down previously from $28.00. Separately, analysts at Ned Davis Research upgraded shares of HMS Holdings Corp from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. Finally, analysts at Oppenheimer upgraded shares of HMS Holdings Corp from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 24th. They now have a $20.00 price target on the stock. They noted that the move was a valuation call.
HMS Holdings Corp (NASDAQ:HMSY) opened at 16.61 on Wednesday. HMS Holdings Corp has a 1-year low of $15.10 and a 1-year high of $26.77. The stock’s 50-day moving average is $17.34 and its 200-day moving average is $20.68. The company has a market cap of $1.456 billion and a price-to-earnings ratio of 40.95.
HMS Holdings Corp (NASDAQ:HMSY) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.04. The company had revenue of $104.70 million for the quarter, compared to the consensus estimate of $114.66 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis. Analysts expect that HMS Holdings Corp will post $0.62 EPS for the current fiscal year.
HMS Holdings Corp. (NASDAQ:HMSY) provides cost containment services to Government and private healthcare payers and sponsors.
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