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Stephens initiated coverage on shares of HMS Holdings Corp (NASDAQ:HMSY) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.

Shares of HMS Holdings Corp (NASDAQ:HMSY) opened at 20.86 on Friday. 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 $20.24 and its 200-day moving average is $19.20. The company has a market cap of $1.830 billion and a price-to-earnings ratio of 57.94.

HMS Holdings Corp (NASDAQ:HMSY) last announced its earnings results on Friday, August 8th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. Analysts expect that HMS Holdings Corp will post $0.54 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of HMS Holdings Corp in a research note on Monday, August 18th. Separately, 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, August 18th. They now have a $27.00 price target on the stock. Finally, 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. Seven equities research analysts have rated the stock with a buy rating, HMS Holdings Corp has a consensus rating of “Buy” and an average price target of $24.00.

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

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