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Equities researchers at Oppenheimer increased their target price on shares of HMS Holdings Corp (NASDAQ:HMSY) from $20.00 to $23.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 15.46% from the company’s current price.

A number of other firms have also recently commented on HMSY. Analysts at RBC Capital raised their price target on shares of HMS Holdings Corp from $20.00 to $23.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of HMS Holdings Corp in a research note on Monday, May 12th. They now have a $23.00 price target on the stock, down previously from $28.00. Finally, 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $23.53.

HMS Holdings Corp (NASDAQ:HMSY) opened at 19.64 on Thursday. 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 $19.37 and its 200-day moving average is $19.96. The company has a market cap of $1.722 billion and a price-to-earnings ratio of 48.59.

HMS Holdings Corp (NASDAQ:HMSY) last announced its earnings results on Friday, May 9th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.15 earnings per share. HMS Holdings Corp’s revenue was down 10.2% compared to the same quarter last year. On average, analysts predict that HMS Holdings Corp will post $0.54 earnings per share 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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