HMS Holdings Corp. (HMSY) Downgraded by Zacks Investment Research to Hold
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 to clients and investors on Tuesday.
According to Zacks, “HMS Holdings furnishes information-based revenue recovery and business office outsourcing services to healthcare providers and payors. “
Several other equities research analysts have also recently issued reports on HMSY. Jefferies Group reaffirmed a “buy” rating on shares of HMS Holdings Corp. in a research note on Friday, August 5th. TheStreet raised shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $21.20.
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HMS Holdings Corp. (NASDAQ:HMSY) traded up 2.73% on Tuesday, hitting $21.44. 280,552 shares of the stock traded hands. The firm has a 50-day moving average price of $21.86 and a 200-day moving average price of $18.81. HMS Holdings Corp. has a 12 month low of $9.51 and a 12 month high of $24.00. The company has a market capitalization of $1.81 billion, a PE ratio of 64.77 and a beta of 0.81.
HMS Holdings Corp. (NASDAQ:HMSY) last announced its earnings results on Friday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company 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 company posted $0.13 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts forecast that HMS Holdings Corp. will post $0.69 earnings per share for the current year.
In related news, CEO William C. Lucia sold 45,280 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $22.09, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Becker acquired 5,000 shares of HMS Holdings Corp. stock in a transaction that occurred on Wednesday, September 14th. The stock was bought 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 owns 11,701 shares in the company, valued at approximately $256,953.96. The disclosure for this purchase can be found here. Insiders own 2.50% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Paradigm Asset Management Co. LLC raised its stake 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 stake 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 stake 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 stake 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 stake 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. Hedge funds and other institutional investors own 96.54% of the company’s stock.
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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