HMS Holdings Corp (NASDAQ:HMSY) has been assigned a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $33.11.
Several research analysts recently commented on the stock. ValuEngine lowered shares of HMS from a “strong-buy” rating to a “buy” rating in a report on Monday, December 17th. Cantor Fitzgerald raised their price target on shares of HMS to $31.00 and gave the company a “neutral” rating in a report on Monday, November 5th. BidaskClub lowered shares of HMS from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 20th. First Analysis upgraded shares of HMS from a “neutral” rating to an “outperform” rating and raised their price target for the company from $31.00 to $38.00 in a report on Sunday, November 4th. Finally, Zacks Investment Research upgraded shares of HMS from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a report on Thursday, November 8th.
In other HMS news, Director William F. Miller III sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $33.86, for a total value of $50,790.00. Following the completion of the sale, the director now owns 159,018 shares of the company’s stock, valued at $5,384,349.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas M. Williams sold 10,006 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $35.46, for a total transaction of $354,812.76. Following the completion of the sale, the insider now directly owns 139,217 shares of the company’s stock, valued at approximately $4,936,634.82. The disclosure for this sale can be found here. Insiders sold 1,193,745 shares of company stock valued at $41,545,016 in the last ninety days. 4.54% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of HMSY. Wells Fargo & Company MN grew its position in HMS by 3.4% in the second quarter. Wells Fargo & Company MN now owns 356,520 shares of the business services provider’s stock valued at $7,708,000 after acquiring an additional 11,566 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of HMS during the second quarter worth approximately $1,241,000. SG Americas Securities LLC grew its position in shares of HMS by 255.9% during the second quarter. SG Americas Securities LLC now owns 29,978 shares of the business services provider’s stock worth $648,000 after buying an additional 21,556 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of HMS by 5.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 592,499 shares of the business services provider’s stock worth $12,810,000 after buying an additional 29,548 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of HMS by 7.0% during the second quarter. BlackRock Inc. now owns 11,583,749 shares of the business services provider’s stock worth $250,443,000 after buying an additional 759,265 shares in the last quarter. 93.90% of the stock is owned by institutional investors.
NASDAQ HMSY traded down $0.30 during mid-day trading on Tuesday, hitting $29.55. The company’s stock had a trading volume of 88,864 shares, compared to its average volume of 718,185. HMS has a 52-week low of $14.88 and a 52-week high of $38.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.04 and a current ratio of 4.04. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 68.72, a PEG ratio of 2.91 and a beta of 1.52.
HMS (NASDAQ:HMSY) last posted its quarterly earnings results on Friday, November 2nd. The business services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.10. HMS had a net margin of 8.01% and a return on equity of 10.63%. The firm had revenue of $154.20 million for the quarter, compared to analyst estimates of $140.93 million. During the same quarter last year, the firm posted $0.19 earnings per share. HMS’s revenue for the quarter was up 22.7% compared to the same quarter last year. Sell-side analysts forecast that HMS will post 0.86 EPS for the current fiscal year.
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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