Shares of HMS Holdings Corp (NASDAQ:HMSY) have received an average rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $20.67.
Several equities research analysts have commented on HMSY shares. Citigroup started coverage on shares of HMS in a report on Thursday, January 4th. They issued a “neutral” rating on the stock. BidaskClub raised shares of HMS from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research lowered shares of HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Cantor Fitzgerald lowered shares of HMS from an “overweight” rating to a “neutral” rating in a research note on Monday, November 20th. Finally, Robert W. Baird reissued a “buy” rating on shares of HMS in a research note on Sunday, November 19th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation acquired a new position in shares of HMS during the 3rd quarter worth about $116,000. Rathbone Brothers plc acquired a new position in shares of HMS during the 4th quarter worth about $207,000. Xact Kapitalforvaltning AB acquired a new position in shares of HMS during the 4th quarter worth about $226,000. Koch Industries Inc. acquired a new position in shares of HMS during the 4th quarter worth about $227,000. Finally, Hartford Investment Management Co. acquired a new position in shares of HMS during the 3rd quarter worth about $228,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.
HMS (NASDAQ:HMSY) last posted its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.07). HMS had a net margin of 7.56% and a return on equity of 7.33%. The business had revenue of $148.49 million during the quarter, compared to analysts’ expectations of $136.77 million. During the same period in the previous year, the company posted $0.20 earnings per share. HMS’s revenue for the quarter was up 18.2% compared to the same quarter last year. equities research analysts anticipate that HMS will post 0.65 EPS for the current year.
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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