HMS Holdings Corp (HMSY) Given Consensus Rating of “Buy” by Brokerages
HMS Holdings Corp (NASDAQ:HMSY) has received an average rating of “Buy” from the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $23.06.
Several analysts have recently commented on the company. Cantor Fitzgerald reiterated a “buy” rating and set a $23.00 price objective on shares of HMS Holdings Corp in a report on Tuesday, September 26th. Robert W. Baird reiterated a “buy” rating and set a $22.00 price objective on shares of HMS Holdings Corp in a report on Thursday, August 31st. Jefferies Group LLC reiterated a “hold” rating and set a $21.50 price objective on shares of HMS Holdings Corp in a report on Tuesday, August 22nd. BidaskClub lowered HMS Holdings Corp from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. upgraded HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a report on Thursday, August 10th.
In related news, EVP Cynthia Nustad sold 22,907 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $17.64, for a total value of $404,079.48. Following the transaction, the executive vice president now directly owns 73,877 shares of the company’s stock, valued at approximately $1,303,190.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman William C. Lucia sold 29,894 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $20.00, for a total value of $597,880.00. Following the completion of the transaction, the chairman now directly owns 222,745 shares in the company, valued at $4,454,900. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,675 shares of company stock worth $1,602,166. 3.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HMSY. Riverhead Capital Management LLC increased its position in shares of HMS Holdings Corp by 80.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 2,492 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of HMS Holdings Corp in the 1st quarter valued at $148,000. Koch Industries Inc. acquired a new position in shares of HMS Holdings Corp in the 2nd quarter valued at $197,000. Fox Run Management L.L.C. acquired a new position in shares of HMS Holdings Corp in the 2nd quarter valued at $198,000. Finally, Oppenheimer & Co. Inc. increased its position in shares of HMS Holdings Corp by 1.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 200 shares during the period. 93.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HMS Holdings Corp (HMSY) opened at 19.06 on Friday. HMS Holdings Corp has a 12-month low of $15.94 and a 12-month high of $22.05. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 54.30 and a beta of 1.14. The firm has a 50 day moving average price of $18.97 and a 200-day moving average price of $19.00.
HMS Holdings Corp (NASDAQ:HMSY) last posted its earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $135.96 million. During the same quarter in the prior year, the company earned $0.18 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities analysts expect that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.
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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