Brokers Issue Forecasts for HMS Holdings Corp’s Q2 2018 Earnings (HMSY)
HMS Holdings Corp (NASDAQ:HMSY) – Investment analysts at First Analysis issued their Q2 2018 earnings per share estimates for HMS Holdings Corp in a report issued on Monday. First Analysis analyst F. Sparacino forecasts that the business services provider will earn $0.19 per share for the quarter.
A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised HMS Holdings Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “hold” rating and set a $21.50 price target on shares of HMS Holdings Corp in a research note on Wednesday, July 19th. BidaskClub downgraded HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday. Cantor Fitzgerald started coverage on HMS Holdings Corp in a research note on Wednesday, June 14th. They set an “overweight” rating and a $23.00 price target on the stock. Finally, Canaccord Genuity started coverage on HMS Holdings Corp in a research note on Tuesday, July 11th. They set a “buy” rating and a $22.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $23.06.
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Shares of HMS Holdings Corp (NASDAQ HMSY) traded down 2.27% during midday trading on Tuesday, reaching $18.07. The company had a trading volume of 92,840 shares. HMS Holdings Corp has a 12-month low of $15.94 and a 12-month high of $24.00. The stock has a market capitalization of $1.52 billion, a PE ratio of 45.17 and a beta of 1.08. The stock’s 50 day moving average is $19.07 and its 200-day moving average is $18.91.
HMS Holdings Corp (NASDAQ:HMSY) last released its quarterly earnings results on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.02. HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The business had revenue of $133.31 million for the quarter, compared to analyst estimates of $135.96 million. During the same period in the prior year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year.
In other HMS Holdings Corp news, Director Bart M. Schwartz bought 1,500 shares of HMS Holdings Corp stock in a transaction dated Monday, June 12th. The stock was bought at an average cost 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 approximately $903,615.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Semone Neuman sold 14,546 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $19.00, for a total value of $276,374.00. Following the completion of the transaction, the executive vice president now directly owns 122,685 shares of the company’s stock, valued at $2,331,015. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in HMS Holdings Corp during the fourth quarter valued at about $403,000. Guggenheim Capital LLC raised its position in HMS Holdings Corp by 192.1% in the fourth quarter. Guggenheim Capital LLC now owns 66,208 shares of the business services provider’s stock valued at $1,203,000 after buying an additional 43,542 shares in the last quarter. Norges Bank acquired a new position in HMS Holdings Corp during the fourth quarter valued at about $21,392,000. UBS Asset Management Americas Inc. raised its position in HMS Holdings Corp by 1,371.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 715,550 shares of the business services provider’s stock valued at $12,995,000 after buying an additional 666,929 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in HMS Holdings Corp by 5.5% in the fourth quarter. Teachers Advisors LLC now owns 707,346 shares of the business services provider’s stock valued at $12,845,000 after buying an additional 37,070 shares in the last quarter. 94.76% of the stock is owned by institutional investors.
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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