BidaskClub Downgrades HMS (HMSY) to Sell

HMS (NASDAQ:HMSY) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of HMS from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Citigroup began coverage on shares of HMS in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Wells Fargo & Co restated an “outperform” rating and set a $20.00 target price (down from $25.50) on shares of HMS in a research report on Wednesday, November 29th. Cantor Fitzgerald lowered shares of HMS from an “overweight” rating to a “neutral” rating in a research report on Monday, November 20th. Finally, Robert W. Baird restated a “buy” rating on shares of HMS in a research report on Sunday, November 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. HMS has a consensus rating of “Buy” and a consensus price target of $20.39.

HMS (NASDAQ HMSY) opened at $17.30 on Friday. HMS has a 1 year low of $11.01 and a 1 year high of $20.90. The firm has a market cap of $1,456.33, a price-to-earnings ratio of 59.66, a P/E/G ratio of 2.55 and a beta of 0.88.

HMS (NASDAQ:HMSY) last issued its earnings results on Friday, November 3rd. The business services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). The company had revenue of $125.70 million for the quarter, compared to analysts’ expectations of $147.62 million. HMS had a return on equity of 7.93% and a net margin of 4.94%. HMS’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. analysts expect that HMS will post 0.55 EPS for the current year.

HMS announced that its board has approved a stock repurchase program on Friday, November 3rd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Several institutional investors have recently added to or reduced their stakes in the stock. Van Berkom & Associates Inc. boosted its position in shares of HMS by 3.4% in the 3rd quarter. Van Berkom & Associates Inc. now owns 3,639,274 shares of the business services provider’s stock worth $72,276,000 after buying an additional 121,335 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of HMS by 2.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,230,969 shares of the business services provider’s stock worth $64,167,000 after buying an additional 91,753 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of HMS by 2.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 3,134,645 shares of the business services provider’s stock worth $63,319,000 after buying an additional 72,082 shares in the last quarter. American Capital Management Inc. boosted its position in shares of HMS by 0.9% in the 3rd quarter. American Capital Management Inc. now owns 2,546,223 shares of the business services provider’s stock worth $50,568,000 after buying an additional 22,647 shares in the last quarter. Finally, State Street Corp boosted its position in shares of HMS by 4.4% in the 2nd quarter. State Street Corp now owns 2,217,293 shares of the business services provider’s stock worth $41,018,000 after buying an additional 92,900 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

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About HMS

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 (NASDAQ:HMSY)

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