HMS Holdings Corp (HMSY) Expected to Post Quarterly Sales of $148.38 Million
Analysts forecast that HMS Holdings Corp (NASDAQ:HMSY) will announce $148.38 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for HMS Holdings Corp’s earnings, with the lowest sales estimate coming in at $146.10 million and the highest estimate coming in at $151.80 million. HMS Holdings Corp posted sales of $124.60 million in the same quarter last year, which suggests a positive year over year growth rate of 19.1%. The firm is scheduled to announce its next earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that HMS Holdings Corp will report full year sales of $148.38 million for the current fiscal year, with estimates ranging from $555.54 million to $566.85 million. For the next financial year, analysts expect that the business will report sales of $632.63 million per share, with estimates ranging from $623.30 million to $638.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow HMS Holdings Corp.
HMS Holdings Corp (NASDAQ:HMSY) last posted its 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 business had revenue of $133.31 million for 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%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share.
HMSY has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “hold” rating and set a $21.50 price target on shares of HMS Holdings Corp in a report on Friday, June 16th. TheStreet cut shares of HMS Holdings Corp from a “b” rating to a “c+” rating in a research report on Friday, May 12th. Zacks Investment Research cut shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Cantor Fitzgerald initiated coverage on shares of HMS Holdings Corp in a research report on Wednesday, June 14th. They issued an “overweight” rating and a $23.00 target price on the stock. Finally, Canaccord Genuity initiated coverage on shares of HMS Holdings Corp in a research report on Tuesday, July 11th. They set a “buy” rating and a $22.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. HMS Holdings Corp currently 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 transaction, the insider now owns 121,264 shares in the company, valued at approximately $2,156,073.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bart M. Schwartz bought 1,500 shares of the company’s stock in a transaction dated 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 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. 3.20% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC increased its position in HMS Holdings Corp by 80.4% in the second quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after buying an additional 2,492 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in shares of HMS Holdings Corp during the first quarter worth about $108,000. LS Investment Advisors LLC boosted its stake in shares of 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 during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of HMS Holdings Corp during the first quarter worth about $148,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of 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 last quarter. Institutional investors own 94.66% of the company’s stock.
HMS Holdings Corp (NASDAQ HMSY) traded up 0.23% on Thursday, reaching $17.76. 94,818 shares of the company’s stock were exchanged. HMS Holdings Corp has a 1-year low of $15.94 and a 1-year high of $23.06. The firm has a 50-day moving average price of $18.77 and a 200-day moving average price of $18.92. The company has a market capitalization of $1.49 billion, a P/E ratio of 50.60 and a beta of 1.08.
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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