HMS Holdings Corp (NASDAQ:HMSY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “HMS Holdings furnishes information-based revenue recovery and business office outsourcing services to healthcare providers and payors. “

Several other research firms also recently issued reports on HMSY. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $26.00 price target (up previously from $24.00) on shares of HMS Holdings Corp in a research note on Friday, March 31st. Jefferies Group LLC reiterated a “hold” rating and set a $22.00 price target (up previously from $19.00) on shares of HMS Holdings Corp in a research note on Thursday, April 13th. Raymond James Financial, Inc. assumed coverage on HMS Holdings Corp in a research note on Friday, March 3rd. They set an “outperform” rating and a $23.00 price target for the company. First Analysis downgraded HMS Holdings Corp from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $24.00 to $21.00 in a research note on Monday, February 27th. Finally, TheStreet downgraded HMS Holdings Corp from a “b” rating to a “c+” rating in a research note on Friday, May 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. HMS Holdings Corp currently has an average rating of “Buy” and a consensus target price of $23.21.

Analyst Recommendations for HMS Holdings Corp (NASDAQ:HMSY)

Shares of HMS Holdings Corp (HMSY) traded down 1.61% during midday trading on Tuesday, hitting $18.92. The company had a trading volume of 637,000 shares. HMS Holdings Corp has a one year low of $15.94 and a one year high of $24.00. The company’s 50 day moving average is $18.89 and its 200 day moving average is $18.75. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 47.30 and a beta of 1.20.

HMS Holdings Corp (NASDAQ:HMSY) last released its quarterly earnings results on Wednesday, May 10th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.01. The company had revenue of $114.50 million for the quarter, compared to the consensus estimate of $120.08 million. HMS Holdings Corp had a return on equity of 9.70% and a net margin of 6.92%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. Equities analysts forecast that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.

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In related news, EVP Semone Neuman sold 14,546 shares of the business’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $19.00, for a total transaction of $276,374.00. Following the completion of the transaction, the executive vice president now owns 122,685 shares of the company’s stock, valued at approximately $2,331,015. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bart M. Schwartz acquired 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were acquired at an average cost of $19.28 per share, with a total value of $28,920.00. Following the transaction, the director now directly owns 46,868 shares in the company, valued at approximately $903,615.04. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of HMSY. BlackRock Inc. boosted its position in HMS Holdings Corp by 136,087.1% in the first quarter. BlackRock Inc. now owns 10,239,908 shares of the business services provider’s stock valued at $208,179,000 after buying an additional 10,232,389 shares in the last quarter. Vanguard Group Inc. boosted its position in HMS Holdings Corp by 5.8% in the first quarter. Vanguard Group Inc. now owns 8,363,369 shares of the business services provider’s stock valued at $170,028,000 after buying an additional 455,459 shares in the last quarter. Van Berkom & Associates Inc. boosted its position in HMS Holdings Corp by 15.9% in the first quarter. Van Berkom & Associates Inc. now owns 3,225,379 shares of the business services provider’s stock valued at $65,572,000 after buying an additional 441,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in HMS Holdings Corp by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,071,127 shares of the business services provider’s stock valued at $62,435,000 after buying an additional 129,533 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in HMS Holdings Corp by 7.4% in the first quarter. Stephens Investment Management Group LLC now owns 2,877,144 shares of the business services provider’s stock valued at $58,492,000 after buying an additional 199,248 shares in the last quarter. 94.06% of the stock is owned by institutional investors and hedge funds.

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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