HMS Holdings Corp (NASDAQ:HMSY) Given Consensus Rating of “Buy” by Analysts
HMS Holdings Corp (NASDAQ:HMSY) has earned an average recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $23.42.
HMSY has been the subject of a number of recent research reports. TheStreet upgraded shares of HMS Holdings Corp from a “c+” rating to a “b-” rating in a report on Monday, March 13th. Zacks Investment Research lowered shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Thursday, March 16th. Jefferies Group LLC restated a “hold” rating and issued a $22.00 price objective (up from $19.00) on shares of HMS Holdings Corp in a report on Thursday, April 13th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $26.00 price objective (up from $24.00) on shares of HMS Holdings Corp in a report on Friday, March 31st. Finally, Cantor Fitzgerald initiated coverage on shares of HMS Holdings Corp in a report on Wednesday, June 14th. They issued an “overweight” rating and a $23.00 price objective for the company.
HMS Holdings Corp (HMSY) opened at 18.15 on Friday. The firm has a 50-day moving average of $18.65 and a 200 day moving average of $18.81. HMS Holdings Corp has a 12 month low of $15.94 and a 12 month high of $24.00. The firm has a market capitalization of $1.52 billion, a PE ratio of 45.38 and a beta of 1.07.
HMS Holdings Corp (NASDAQ:HMSY) last announced its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $114.50 million during 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 company’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Equities research analysts forecast that HMS Holdings Corp will post $0.81 earnings per share for the current year.
In related news, EVP Semone Neuman sold 14,546 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $19.00, for a total transaction of $276,374.00. Following the completion of the sale, the executive vice president now directly owns 122,685 shares in the company, valued at approximately $2,331,015. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bart M. Schwartz purchased 1,500 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were purchased at an average price of $19.28 per share, with a total value of $28,920.00. Following the completion of the acquisition, the director now directly owns 46,868 shares in the company, valued at $903,615.04. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC purchased a new stake in HMS Holdings Corp during the first quarter worth approximately $108,000. LS Investment Advisors LLC raised its stake in HMS Holdings Corp by 48.3% in the first quarter. LS Investment Advisors LLC now owns 5,512 shares of the business services provider’s stock worth $112,000 after buying an additional 1,795 shares in the last quarter. Envestnet Asset Management Inc. raised 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 in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in HMS Holdings Corp during the first quarter worth approximately $148,000. Finally, State of Alaska Department of Revenue raised 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 in the last quarter. Institutional investors own 94.10% of the company’s stock.
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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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