HMS Holdings Corp (NASDAQ:HMSY) announced its quarterly earnings data on Friday. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03), Bloomberg Earnings reports. The firm had revenue of $125.70 million during the quarter, compared to analysts’ expectations of $147.62 million. HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share.

HMS Holdings Corp (NASDAQ HMSY) traded down $4.15 on Friday, reaching $14.80. 7,402,636 shares of the company traded hands, compared to its average volume of 421,362. The company has a market capitalization of $1,586.81, a PE ratio of 30.95 and a beta of 0.94.

A number of brokerages have recently issued reports on HMSY. Zacks Investment Research raised shares of HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, August 1st. Canaccord Genuity reissued a “buy” rating and issued a $22.00 price objective on shares of HMS Holdings Corp in a research note on Monday. Cantor Fitzgerald reissued a “buy” rating and issued a $23.00 price objective on shares of HMS Holdings Corp in a research note on Tuesday, September 26th. BidaskClub cut shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $21.50 price objective on shares of HMS Holdings Corp in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. HMS Holdings Corp presently has a consensus rating of “Buy” and a consensus price target of $22.94.

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In other news, Chairman William C. Lucia sold 29,894 shares of HMS Holdings Corp stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $20.00, for a total transaction of $597,880.00. Following the completion of the sale, the chairman now directly owns 222,745 shares of the company’s stock, valued at approximately $4,454,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Semone Neuman sold 20,734 shares of HMS Holdings Corp stock in a transaction on Monday, August 28th. The stock was sold at an average price of $17.68, for a total transaction of $366,577.12. Following the sale, the executive vice president now directly owns 96,722 shares of the company’s stock, valued at $1,710,044.96. The disclosure for this sale can be found here. Insiders have sold a total of 86,675 shares of company stock valued at $1,602,166 over the last ninety days. 3.20% of the stock is currently owned by insiders.

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.

Earnings History for HMS Holdings Corp (NASDAQ:HMSY)

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