HMS Holdings Corp. (HMSY) Cut to “Hold” at Zacks Investment Research
HMS Holdings Corp. (NASDAQ:HMSY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “HMS Holdings furnishes information-based revenue recovery and business office outsourcing services to healthcare providers and payors. “
Other equities research analysts also recently issued research reports about the company. TheStreet raised HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Jefferies Group reaffirmed a “buy” rating on shares of HMS Holdings Corp. in a report on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $21.20.
HMS Holdings Corp. (NASDAQ:HMSY) traded up 2.73% during midday trading on Tuesday, hitting $21.44. The stock had a trading volume of 280,552 shares. HMS Holdings Corp. has a 52 week low of $9.51 and a 52 week high of $24.00. The company’s 50-day moving average price is $21.86 and its 200 day moving average price is $18.81. The company has a market capitalization of $1.81 billion, a PE ratio of 64.77 and a beta of 0.81.
HMS Holdings Corp. (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. The business had revenue of $123.60 million for the quarter, compared to the consensus estimate of $116.85 million. HMS Holdings Corp. had a return on equity of 8.83% and a net margin of 5.86%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. On average, analysts expect that HMS Holdings Corp. will post $0.69 EPS for the current year.
In other news, Director Robert Becker acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were bought at an average price of $21.96 per share, with a total value of $109,800.00. Following the acquisition, the director now directly owns 11,701 shares in the company, valued at approximately $256,953.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William C. Lucia sold 45,280 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $22.09, for a total value of $1,000,235.20. Following the sale, the chief executive officer now directly owns 194,982 shares in the company, valued at approximately $4,307,152.38. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in HMSY. Paradigm Asset Management Co. LLC increased its stake in HMS Holdings Corp. by 0.9% in the second quarter. Paradigm Asset Management Co. LLC now owns 7,600 shares of the company’s stock valued at $134,000 after buying an additional 66 shares during the period. Louisiana State Employees Retirement System increased its stake in HMS Holdings Corp. by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 37,300 shares of the company’s stock valued at $657,000 after buying an additional 100 shares during the period. BlackRock Advisors LLC increased its stake in HMS Holdings Corp. by 1.1% in the second quarter. BlackRock Advisors LLC now owns 39,912 shares of the company’s stock valued at $703,000 after buying an additional 420 shares during the period. Scout Investments Inc. increased its stake in HMS Holdings Corp. by 0.5% in the second quarter. Scout Investments Inc. now owns 104,300 shares of the company’s stock valued at $1,837,000 after buying an additional 550 shares during the period. Finally, PineBridge Investments L.P. increased its stake in HMS Holdings Corp. by 5.6% in the second quarter. PineBridge Investments L.P. now owns 10,672 shares of the company’s stock valued at $188,000 after buying an additional 565 shares during the period. 96.54% of the stock is currently owned by institutional investors.
HMS Holdings Corp. 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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