HMS Holdings Corp (NASDAQ:HMSY)‘s stock had its “buy” rating reaffirmed by research analysts at Cantor Fitzgerald in a research report issued to clients and investors on Tuesday. They currently have a $23.00 target price on the business services provider’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 20.17% from the stock’s current price.

Several other research firms have also recently commented on HMSY. Zacks Investment Research raised HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, August 1st. BidaskClub cut HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and set a $21.50 target price on shares of HMS Holdings Corp in a research note on Friday, June 16th. Canaccord Genuity began coverage on HMS Holdings Corp in a research note on Tuesday, July 11th. They set a “buy” rating and a $22.00 target price for the company. Finally, Robert W. Baird reissued a “buy” rating and set a $22.00 target price on shares of HMS Holdings Corp in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. HMS Holdings Corp presently has an average rating of “Buy” and an average target price of $22.94.

HMS Holdings Corp (NASDAQ:HMSY) last released its earnings results on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $133.31 million for the quarter, compared to analyst estimates of $135.96 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year.

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In other HMS Holdings Corp news, EVP Semone Neuman sold 20,734 shares of HMS Holdings Corp stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $17.68, for a total transaction of $366,577.12. Following the completion of the sale, the executive vice president now directly owns 96,722 shares of the company’s stock, valued at approximately $1,710,044.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cynthia Nustad sold 22,907 shares of HMS Holdings Corp stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $17.64, for a total value of $404,079.48. Following the sale, the executive vice president now directly owns 73,877 shares of the company’s stock, valued at $1,303,190.28. The disclosure for this sale can be found here. Insiders have sold a total of 56,781 shares of company stock valued at $1,004,286 over the last ninety days. 3.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Stephens Inc. AR lifted its holdings in HMS Holdings Corp by 0.3% during the 1st quarter. Stephens Inc. AR now owns 29,737 shares of the business services provider’s stock worth $605,000 after buying an additional 78 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in HMS Holdings Corp by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the business services provider’s stock worth $633,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System lifted its holdings in HMS Holdings Corp by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 43,697 shares of the business services provider’s stock worth $808,000 after buying an additional 200 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in HMS Holdings Corp by 1.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after buying an additional 200 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in HMS Holdings Corp by 0.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 36,087 shares of the business services provider’s stock worth $668,000 after buying an additional 259 shares during the last quarter. 93.09% of the stock is owned by institutional investors.

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.

Analyst Recommendations for HMS Holdings Corp (NASDAQ:HMSY)

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