HMS Holdings Corp’s Positive Rating Reiterated at Wells Fargo & Co. (HMSY)
Shares of HMS Holdings Corp (NASDAQ:HMSY) traded up 10.80% on Monday, hitting $21.3401. 1,396,509 shares of the company’s stock traded hands. HMS Holdings Corp has a 1-year low of $15.10 and a 1-year high of $26.60. The stock’s 50-day moving average is $19.50 and its 200-day moving average is $19.23. The company has a market cap of $1.872 billion and a P/E ratio of 53.50.
HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly 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 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. On average, analysts predict that HMS Holdings Corp will post $0.55 earnings per share for the current fiscal year.
HMSY has been the subject of a number of other recent research reports. Analysts at First Analysis upgraded shares of HMS Holdings Corp from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $27.00 price target on the stock. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $24.00.
HMS Holdings Corp. (NASDAQ:HMSY) provides cost containment services to Government and private healthcare payers and sponsors.
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