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HMS Holdings Corp (NASDAQ:HMSY)’s share price rose 11.6% during mid-day trading on Friday following a better than expected earnings announcement, AmericanBankingNews.com reports. The stock traded as high as $21.11 and last traded at $20.72, with a volume of 1,138,507 shares traded. The stock had previously closed at $18.56.

The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.02. The company had revenue of $112.56 million for the quarter, compared to the consensus estimate of $106.44 million. During the same quarter last year, the company posted $0.20 earnings per share. HMS Holdings Corp’s revenue was down 10.5% compared to the same quarter last year.

HMSY has been the subject of a number of recent research reports. Analysts at Oppenheimer raised their price target on shares of HMS Holdings Corp from $20.00 to $23.00 in a research note on Thursday, July 10th. They now have an “outperform” rating on the stock. Separately, 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, July 10th. They now have an “outperform” rating on the stock. Finally, 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.

The stock has a 50-day moving average of $19.42 and a 200-day moving average of $19.42. The company has a market cap of $1.817 billion and a P/E ratio of 45.27.

HMS Holdings Corp. (NASDAQ:HMSY) provides cost containment services to Government and private healthcare payers and sponsors.

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