Shares of HMS Holdings Corp (NASDAQ:HMSY) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $20.67.
Several research firms have recently weighed in on HMSY. BidaskClub raised shares of HMS from a “strong sell” rating to a “sell” rating in a report on Thursday. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $17.00 target price on shares of HMS in a report on Friday, February 23rd. Citigroup lowered their target price on shares of HMS from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, February 27th. Wells Fargo reaffirmed an “outperform” rating and issued a $20.00 target price (down previously from $25.50) on shares of HMS in a report on Wednesday, November 29th. Finally, Canaccord Genuity upped their target price on shares of HMS from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th.
A number of large investors have recently modified their holdings of the business. Penbrook Management LLC bought a new stake in HMS during the 4th quarter worth about $541,000. Xact Kapitalforvaltning AB bought a new stake in HMS during the 4th quarter worth about $226,000. Fairpointe Capital LLC grew its holdings in HMS by 3.3% during the 4th quarter. Fairpointe Capital LLC now owns 157,400 shares of the business services provider’s stock worth $2,668,000 after acquiring an additional 5,000 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in HMS by 71.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 301,096 shares of the business services provider’s stock worth $5,104,000 after acquiring an additional 125,507 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in HMS during the 4th quarter worth about $691,000. 99.42% of the stock is currently owned by hedge funds and other institutional investors.
HMS (NASDAQ:HMSY) traded down $0.24 on Wednesday, hitting $17.22. 378,225 shares of the stock traded hands, compared to its average volume of 576,462. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.40. HMS has a fifty-two week low of $11.01 and a fifty-two week high of $20.90. The company has a market cap of $1,447.28, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 2.45 and a beta of 0.86.
HMS (NASDAQ:HMSY) last posted its earnings results on Friday, February 23rd. The business services provider reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). HMS had a return on equity of 7.33% and a net margin of 7.56%. The firm had revenue of $148.49 million during the quarter, compared to the consensus estimate of $136.77 million. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. sell-side analysts predict that HMS will post 0.65 EPS for the current fiscal year.
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HMS 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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