HMS Holdings Corp (HMSY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of HMS Holdings Corp (NASDAQ:HMSY) have been given a consensus rating of “Buy” by the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $21.40.

A number of research firms have weighed in on HMSY. BidaskClub lowered shares of HMS from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research raised shares of HMS from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Citigroup began coverage on shares of HMS in a research note on Thursday, January 4th. They issued a “neutral” rating on the stock. Wells Fargo & Co reissued an “outperform” rating and issued a $20.00 target price (down from $25.50) on shares of HMS in a research note on Wednesday, November 29th. Finally, Cantor Fitzgerald lowered shares of HMS from an “overweight” rating to a “neutral” rating in a research note on Monday, November 20th.

HMS (HMSY) opened at $17.38 on Tuesday. The firm has a market cap of $1,454.65, a PE ratio of 59.93, a P/E/G ratio of 2.54 and a beta of 0.88. HMS has a 12 month low of $11.01 and a 12 month high of $20.90.

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

HMS announced that its board has approved a stock buyback plan on Friday, November 3rd that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Hedge funds have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its position in shares of HMS by 80.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock valued at $104,000 after buying an additional 2,492 shares during the period. Zions Bancorporation purchased a new stake in shares of HMS during the 3rd quarter valued at approximately $116,000. Pitcairn Co. purchased a new stake in shares of HMS during the 3rd quarter valued at approximately $203,000. Hartford Investment Management Co. purchased a new stake in shares of HMS during the 3rd quarter valued at approximately $228,000. Finally, Amalgamated Bank raised its position in shares of HMS by 3.8% during the 2nd quarter. Amalgamated Bank now owns 11,574 shares of the business services provider’s stock valued at $214,000 after buying an additional 419 shares during the period. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

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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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