HMS Holdings Corp. (HMSY) Cut to “Hold” at Zacks Investment Research
HMS Holdings Corp. (NASDAQ:HMSY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “HMS Holdings furnishes information-based revenue recovery and business office outsourcing services to healthcare providers and payors. “
A number of other brokerages have also recently issued reports on HMSY. Jefferies Group cut shares of HMS Holdings Corp. from a “buy” rating to a “hold” rating and boosted 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. TheStreet raised shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.20.
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HMS Holdings Corp. (NASDAQ:HMSY) traded up 2.73% during midday trading on Tuesday, hitting $21.44. The company had a trading volume of 280,552 shares. The firm’s 50 day moving average is $21.86 and its 200-day moving average is $18.81. The firm has a market capitalization of $1.81 billion, a P/E ratio of 64.77 and a beta of 0.81. HMS Holdings Corp. has a 52 week low of $9.51 and a 52 week high of $24.00.
HMS Holdings Corp. (NASDAQ:HMSY) last issued its earnings results on Friday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. HMS Holdings Corp. had a net margin of 5.86% and a return on equity of 8.83%. The business had revenue of $123.60 million for the quarter, compared to analysts’ expectations of $116.85 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts expect that HMS Holdings Corp. will post $0.69 EPS for the current fiscal year.
In related news, Director Robert Becker bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was bought at an average cost of $21.96 per share, for a total transaction of $109,800.00. Following the completion of the transaction, the director now owns 11,701 shares of the company’s stock, valued at $256,953.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William C. Lucia sold 45,280 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 194,982 shares of the company’s stock, valued at $4,307,152.38. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in HMSY. Paradigm Asset Management Co. LLC raised its position in shares of HMS Holdings Corp. by 0.9% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,600 shares of the company’s stock valued at $134,000 after buying an additional 66 shares during the period. Louisiana State Employees Retirement System raised its position in shares of HMS Holdings Corp. by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the company’s stock valued at $657,000 after buying an additional 100 shares during the period. BlackRock Advisors LLC raised its position in shares of HMS Holdings Corp. by 1.1% in the second quarter. BlackRock Advisors LLC now owns 39,912 shares of the company’s stock valued at $703,000 after buying an additional 420 shares during the period. Scout Investments Inc. raised its position in shares of HMS Holdings Corp. by 0.5% in the second quarter. Scout Investments Inc. now owns 104,300 shares of the company’s stock valued at $1,837,000 after buying an additional 550 shares during the period. Finally, PineBridge Investments L.P. raised its position in shares of HMS Holdings Corp. by 5.6% in the second quarter. PineBridge Investments L.P. now owns 10,672 shares of the company’s stock valued at $188,000 after buying an additional 565 shares during the period. Institutional investors own 96.54% of the company’s stock.
HMS Holdings Corp. Company Profile
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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