Research analysts at Leerink Swann assumed coverage on shares of HMS (NASDAQ:HMSY) in a research report issued to clients and investors on Thursday, June 14th, MarketBeat Ratings reports. The firm set an “outperform” rating and a $25.00 price target on the business services provider’s stock. Leerink Swann’s target price indicates a potential upside of 9.27% from the stock’s previous close.
A number of other equities research analysts have also recently commented on HMSY. Zacks Investment Research cut shares of HMS from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Cantor Fitzgerald reiterated a “hold” rating and set a $17.00 price objective on shares of HMS in a research report on Friday, February 23rd. 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 research report on Tuesday, February 27th. Citigroup dropped their price objective on shares of HMS from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. Finally, ValuEngine lowered shares of HMS from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. HMS presently has a consensus rating of “Buy” and an average target price of $20.72.
Shares of HMSY stock opened at $22.88 on Thursday. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.91 billion, a P/E ratio of 41.76, a PEG ratio of 3.21 and a beta of 0.90. HMS has a one year low of $11.01 and a one year high of $23.62.
HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, May 4th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. HMS had a net margin of 8.20% and a return on equity of 8.01%. The firm had revenue of $141.40 million for the quarter, compared to the consensus estimate of $130.10 million. During the same quarter last year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. analysts forecast that HMS will post 0.65 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Profund Advisors LLC lifted its position in shares of HMS by 19.0% during the 1st quarter. Profund Advisors LLC now owns 15,525 shares of the business services provider’s stock valued at $261,000 after buying an additional 2,475 shares in the last quarter. FDx Advisors Inc. raised its stake in HMS by 12.0% in the 1st quarter. FDx Advisors Inc. now owns 31,057 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 3,339 shares during the last quarter. Blair William & Co. IL increased its stake in shares of HMS by 2.4% in the 1st quarter. Blair William & Co. IL now owns 163,454 shares of the business services provider’s stock worth $2,753,000 after acquiring an additional 3,817 shares during the last quarter. Pinebridge Investments L.P. increased its stake in shares of HMS by 8.9% in the 4th quarter. Pinebridge Investments L.P. now owns 49,155 shares of the business services provider’s stock worth $834,000 after acquiring an additional 3,997 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of HMS by 2.3% in the 4th quarter. California Public Employees Retirement System now owns 195,927 shares of the business services provider’s stock worth $3,321,000 after acquiring an additional 4,372 shares during the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.
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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