HMS Holdings Corp (HMSY) Rating Lowered to Equal Weight at First Analysis
HMS Holdings Corp (NASDAQ:HMSY) was downgraded by research analysts at First Analysis from an “overweight” rating to an “equal weight” rating in a research report issued on Monday. They currently have a $21.00 price target on the stock, down from their prior price target of $24.00. First Analysis’ price target would indicate a potential upside of 13.76% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Oppenheimer Holdings Inc. set a $25.00 price target on shares of HMS Holdings Corp and gave the company a “buy” rating in a research note on Friday, February 17th. Zacks Investment Research upgraded shares of HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Tuesday, November 15th. Credit Suisse Group AG reiterated a “buy” rating and issued a $26.00 price target on shares of HMS Holdings Corp in a research note on Friday, November 11th. Jefferies Group LLC cut their price target on shares of HMS Holdings Corp from $23.00 to $19.00 and set a “hold” rating for the company in a research note on Thursday, November 10th. Finally, TheStreet cut shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, November 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. HMS Holdings Corp currently has an average rating of “Buy” and an average target price of $21.71.
HMS Holdings Corp (NASDAQ:HMSY) traded up 0.60% during mid-day trading on Monday, reaching $18.46. 667,161 shares of the company were exchanged. The company’s 50 day moving average price is $18.44 and its 200-day moving average price is $19.49. HMS Holdings Corp has a 12-month low of $13.02 and a 12-month high of $24.00. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 42.93 and a beta of 0.97.
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HMS Holdings Corp (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, February 24th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm earned $128.10 million during the quarter, compared to analysts’ expectations of $130.85 million. HMS Holdings Corp had a net margin of 7.12% and a return on equity of 10.04%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. On average, equities research analysts forecast that HMS Holdings Corp will post $0.80 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. TD Asset Management Inc. boosted its stake in HMS Holdings Corp by 186.1% in the third quarter. TD Asset Management Inc. now owns 106,701 shares of the company’s stock worth $2,366,000 after buying an additional 69,400 shares in the last quarter. Wells Fargo & Company MN boosted its stake in HMS Holdings Corp by 46.8% in the third quarter. Wells Fargo & Company MN now owns 149,296 shares of the company’s stock worth $3,310,000 after buying an additional 47,629 shares in the last quarter. Prudential Financial Inc. boosted its stake in HMS Holdings Corp by 19.8% in the third quarter. Prudential Financial Inc. now owns 491,352 shares of the company’s stock worth $10,893,000 after buying an additional 81,110 shares in the last quarter. BlackRock Fund Advisors boosted its stake in HMS Holdings Corp by 6.4% in the third quarter. BlackRock Fund Advisors now owns 6,218,591 shares of the company’s stock worth $137,866,000 after buying an additional 372,382 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in HMS Holdings Corp by 24.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 256,698 shares of the company’s stock worth $4,662,000 after buying an additional 51,062 shares in the last quarter. Institutional investors own 96.43% 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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