HMS (NASDAQ:HMSY) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
Several other research firms have also recently commented on HMSY. Citigroup initiated coverage on shares of HMS in a report on Thursday, January 4th. They set a “neutral” rating for the company. Zacks Investment Research cut shares of HMS from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. ValuEngine cut shares of HMS from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Cantor Fitzgerald reiterated a “hold” rating and set a $17.00 price target on shares of HMS in a report on Friday, February 23rd. Finally, Canaccord Genuity boosted their price target on shares of HMS from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $19.81.
NASDAQ HMSY opened at $18.05 on Wednesday. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.40. HMS has a 52 week low of $11.01 and a 52 week high of $20.90. The company has a market cap of $1,484.46, a price-to-earnings ratio of 41.98, a PEG ratio of 2.50 and a beta of 0.84.
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 return on equity of 7.33% and a net margin of 7.56%. The firm had revenue of $148.49 million for the quarter, compared to analyst estimates of $136.77 million. During the same quarter last year, the firm earned $0.20 EPS. The company’s revenue was up 18.2% on a year-over-year basis. research analysts expect that HMS will post 0.65 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Rathbone Brothers plc purchased a new stake in shares of HMS during the 4th quarter worth approximately $207,000. Xact Kapitalforvaltning AB purchased a new stake in shares of HMS during the 4th quarter worth approximately $226,000. Koch Industries Inc. purchased a new stake in shares of HMS during the 4th quarter worth approximately $227,000. Envestnet Asset Management Inc. lifted its position in shares of HMS by 120.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 15,236 shares of the business services provider’s stock worth $302,000 after buying an additional 8,316 shares during the last quarter. Finally, Jefferies Group LLC purchased a new stake in shares of HMS during the 4th quarter worth approximately $311,000. Institutional investors and hedge funds own 99.46% of the company’s stock.
HMS Company Profile
HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.
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