HMS Holdings Corp. (HMSY) Receives Average Rating of “Buy” from Analysts
HMS Holdings Corp. (NASDAQ:HMSY) has earned an average recommendation of “Buy” from the seven brokerages that are covering the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $20.75.
HMSY has been the topic of several analyst reports. Jefferies Group downgraded HMS Holdings Corp. from a “buy” rating to a “hold” rating and raised their target price for the company from $19.00 to $23.00 in a report on Thursday, August 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded HMS Holdings Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Finally, TheStreet upgraded HMS Holdings Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th.
In other HMS Holdings Corp. news, CEO William C. Lucia sold 45,280 shares of HMS Holdings Corp. stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $22.09, for a total transaction of $1,000,235.20. Following the sale, the chief executive officer now directly owns 194,982 shares in the company, valued at approximately $4,307,152.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Becker acquired 5,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were acquired at an average price of $21.96 per share, for a total transaction of $109,800.00. Following the completion of the acquisition, the director now directly owns 11,701 shares in the company, valued at $256,953.96. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company’s stock.
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A number of large investors have recently bought and sold shares of HMSY. RS Investment Management Co. LLC increased its stake in shares of HMS Holdings Corp. by 24.8% in the second quarter. RS Investment Management Co. LLC now owns 7,591,994 shares of the company’s stock worth $133,695,000 after buying an additional 1,510,011 shares during the period. Vanguard Group Inc. increased its stake in shares of HMS Holdings Corp. by 0.7% in the second quarter. Vanguard Group Inc. now owns 6,811,875 shares of the company’s stock worth $119,957,000 after buying an additional 49,594 shares during the period. BlackRock Fund Advisors increased its stake in shares of HMS Holdings Corp. by 2.9% in the second quarter. BlackRock Fund Advisors now owns 5,846,209 shares of the company’s stock worth $102,952,000 after buying an additional 167,338 shares during the period. Pembroke Management LTD increased its stake in shares of HMS Holdings Corp. by 3.3% in the second quarter. Pembroke Management LTD now owns 2,895,996 shares of the company’s stock worth $50,998,000 after buying an additional 92,700 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of HMS Holdings Corp. by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,579,403 shares of the company’s stock worth $45,423,000 after buying an additional 481,293 shares during the period. Institutional investors own 96.56% of the company’s stock.
Shares of HMS Holdings Corp. (NASDAQ:HMSY) traded up 1.54% during midday trading on Thursday, hitting $21.79. 231,459 shares of the stock traded hands. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 65.83 and a beta of 0.81. The company’s 50 day moving average price is $21.93 and its 200-day moving average price is $18.60. HMS Holdings Corp. has a 12-month low of $9.51 and a 12-month high of $24.00.
HMS Holdings Corp. (NASDAQ:HMSY) last released its quarterly earnings data on Friday, August 5th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. The business had revenue of $123.60 million for the quarter, compared to analyst estimates of $116.85 million. HMS Holdings Corp. had a return on equity of 8.83% and a net margin of 5.86%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. On average, equities research analysts expect that HMS Holdings Corp. will post $0.69 EPS for the current year.
About HMS Holdings Corp.
HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate.
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