HMS Holdings Corp (HMSY) Short Interest Update
HMS Holdings Corp (NASDAQ:HMSY) saw a large decrease in short interest in April. As of April 28th, there was short interest totalling 1,559,307 shares, a decrease of 1.3% from the April 13th total of 1,579,099 shares. Based on an average daily trading volume, of 292,606 shares, the short-interest ratio is presently 5.3 days.
Shares of HMS Holdings Corp (NASDAQ:HMSY) traded down 0.17% on Friday, hitting $17.98. The stock had a trading volume of 367,538 shares. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 46.10 and a beta of 0.97. The stock has a 50 day moving average price of $19.75 and a 200-day moving average price of $18.80. HMS Holdings Corp has a 12-month low of $15.57 and a 12-month high of $24.00.
HMS Holdings Corp (NASDAQ:HMSY) last posted its earnings results on Wednesday, May 10th. The business services provider reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. HMS Holdings Corp had a return on equity of 10.04% and a net margin of 7.12%. The firm had revenue of $114.50 million for the quarter, compared to analyst estimates of $120.08 million. During the same quarter last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, equities analysts expect that HMS Holdings Corp will post $0.81 earnings per share for the current year.
HMSY has been the topic of several recent analyst reports. Zacks Investment Research lowered HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Oppenheimer Holdings Inc. set a $25.00 target price on HMS Holdings Corp and gave the company a “buy” rating in a research report on Friday, February 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $22.00 target price (up from $19.00) on shares of HMS Holdings Corp in a research report on Thursday, April 13th. First Analysis lowered HMS Holdings Corp from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $24.00 to $21.00 in a research report on Monday, February 27th. Finally, TheStreet raised HMS Holdings Corp from a “c+” rating to a “b-” rating in a research report on Monday, March 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.33.
Several hedge funds have recently bought and sold shares of the company. Stephens Inc. AR boosted its stake in HMS Holdings Corp by 0.3% in the first quarter. Stephens Inc. AR now owns 29,737 shares of the business services provider’s stock worth $605,000 after buying an additional 78 shares during the period. State of Alaska Department of Revenue boosted its stake in HMS Holdings Corp by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 9,230 shares of the business services provider’s stock worth $187,000 after buying an additional 90 shares during the period. Envestnet Asset Management Inc. boosted its stake in HMS Holdings Corp by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,954 shares of the business services provider’s stock worth $126,000 after buying an additional 165 shares during the period. Redmond Asset Management LLC boosted its stake in HMS Holdings Corp by 0.6% in the fourth quarter. Redmond Asset Management LLC now owns 49,180 shares of the business services provider’s stock worth $893,000 after buying an additional 275 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in HMS Holdings Corp by 1.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 19,340 shares of the business services provider’s stock worth $393,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 96.43% 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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