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HMS Holdings Corp (NASDAQ:HMSY) was upgraded by research analysts at First Analysis from an “equal weight” rating to an “overweight” rating in a report released on Monday, TheFlyOnTheWall.com reports. The firm currently has a $27.00 price objective on the stock. First Analysis’ price target suggests a potential upside of 40.19% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. 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. 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. Five equities research analysts have rated the stock with a buy rating, HMS Holdings Corp has an average rating of “Buy” and an average target price of $24.00.

HMS Holdings Corp (NASDAQ:HMSY) opened at 20.01 on Monday. HMS Holdings Corp has a 52-week low of $15.10 and a 52-week high of $26.60. The stock has a 50-day moving average of $19.50 and a 200-day moving average of $19.23. The company has a market cap of $1.755 billion and a P/E ratio of 53.50.

HMS Holdings Corp (NASDAQ:HMSY) last released its earnings data on Friday, August 8th. 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 in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. Analysts expect that HMS Holdings Corp will post $0.55 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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