Equities research analysts predict that HMS Holdings Corp (NASDAQ:HMSY) will post $0.19 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for HMS Holdings Corp’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.19. HMS Holdings Corp reported earnings of $0.22 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that HMS Holdings Corp will report full-year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $0.70. For the next financial year, analysts anticipate that the business will post earnings of $0.81 per share, with EPS estimates ranging from $0.78 to $0.83. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow HMS Holdings Corp.

HMS Holdings Corp (NASDAQ:HMSY) last posted its quarterly earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $133.31 million during the quarter, compared to analyst estimates of $135.96 million. HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. HMS Holdings Corp’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS.

HMSY has been the subject of a number of research reports. Zacks Investment Research downgraded HMS Holdings Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. TheStreet downgraded HMS Holdings Corp from a “b” rating to a “c+” rating in a research report on Friday, May 12th. Raymond James Financial, Inc. raised HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research report on Thursday, August 10th. Canaccord Genuity initiated coverage on HMS Holdings Corp in a research report on Tuesday, July 11th. They issued a “buy” rating and a $22.00 target price for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $21.50 target price on shares of HMS Holdings Corp in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. HMS Holdings Corp has an average rating of “Buy” and a consensus price target of $23.06.

In other news, insider Douglas M. Williams sold 13,140 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $17.78, for a total value of $233,629.20. Following the completion of the sale, the insider now owns 121,264 shares of the company’s stock, valued at $2,156,073.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bart M. Schwartz purchased 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was acquired at an average price of $19.28 per share, for a total transaction of $28,920.00. Following the purchase, the director now owns 46,868 shares of the company’s stock, valued at approximately $903,615.04. The disclosure for this purchase can be found here. 3.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pembroke Management LTD boosted its position in HMS Holdings Corp by 2.5% in the first quarter. Pembroke Management LTD now owns 2,049,796 shares of the business services provider’s stock valued at $41,672,000 after buying an additional 50,600 shares during the period. Canada Pension Plan Investment Board boosted its position in HMS Holdings Corp by 5.1% in the first quarter. Canada Pension Plan Investment Board now owns 554,700 shares of the business services provider’s stock valued at $11,277,000 after buying an additional 27,000 shares during the period. Adams Diversified Equity Fund Inc. boosted its position in HMS Holdings Corp by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 57,500 shares of the business services provider’s stock valued at $1,169,000 after buying an additional 1,600 shares during the period. Wells Fargo & Company MN boosted its position in HMS Holdings Corp by 16.6% in the first quarter. Wells Fargo & Company MN now owns 208,646 shares of the business services provider’s stock valued at $4,242,000 after buying an additional 29,674 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in HMS Holdings Corp by 28.1% in the first quarter. Russell Investments Group Ltd. now owns 28,398 shares of the business services provider’s stock valued at $577,000 after buying an additional 6,229 shares during the period. Institutional investors and hedge funds own 94.66% of the company’s stock.

HMS Holdings Corp (HMSY) traded down 0.50% during midday trading on Tuesday, reaching $17.79. The company’s stock had a trading volume of 38,054 shares. The company has a market capitalization of $1.50 billion, a P/E ratio of 50.68 and a beta of 1.08. HMS Holdings Corp has a 1-year low of $15.94 and a 1-year high of $24.00. The company has a 50 day moving average of $18.86 and a 200-day moving average of $18.93.

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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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