Shares of HMS Holdings Corp. (NASDAQ:HMSY) have been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.75.

Several equities analysts recently weighed in on the company. Jefferies Group lowered HMS Holdings Corp. from a “buy” rating to a “hold” rating and lifted their price target for the company from $19.00 to $23.00 in a research note on Thursday, August 18th. They noted that the move was a valuation call. TheStreet upgraded HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Finally, Zacks Investment Research upgraded HMS Holdings Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, August 9th.

Shares of HMS Holdings Corp. (NASDAQ:HMSY) opened at 20.87 on Thursday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 63.05 and a beta of 0.81. HMS Holdings Corp. has a 1-year low of $9.51 and a 1-year high of $24.00. The stock has a 50 day moving average price of $21.87 and a 200 day moving average price of $18.79.

HMS Holdings Corp. (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. HMS Holdings Corp. had a return on equity of 8.83% and a net margin of 5.86%. The firm earned $123.60 million during the quarter, compared to analyst estimates of $116.85 million. During the same quarter in the previous year, the business earned $0.13 EPS. HMS Holdings Corp.’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that HMS Holdings Corp. will post $0.69 EPS for the current fiscal year.

In other HMS Holdings Corp. news, CEO William C. Lucia sold 45,280 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $22.09, for a total transaction of $1,000,235.20. Following the completion of the sale, the chief executive officer now directly owns 194,982 shares in the company, valued at approximately $4,307,152.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert Becker acquired 5,000 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were purchased at an average price of $21.96 per share, with a total value of $109,800.00. Following the completion of the purchase, the director now owns 11,701 shares in the company, valued at approximately $256,953.96. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company’s stock.

A number of large investors have recently bought and sold shares of HMSY. US Bancorp DE boosted its position in shares of HMS Holdings Corp. by 13.0% in the second quarter. US Bancorp DE now owns 7,171 shares of the company’s stock valued at $126,000 after buying an additional 824 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its position in shares of 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 in the last quarter. BlackRock Inc. boosted its position in shares of HMS Holdings Corp. by 25.8% in the second quarter. BlackRock Inc. now owns 7,777 shares of the company’s stock valued at $137,000 after buying an additional 1,596 shares in the last quarter. Creative Planning boosted its position in shares of HMS Holdings Corp. by 400,000.0% in the second quarter. Creative Planning now owns 8,002 shares of the company’s stock valued at $141,000 after buying an additional 8,000 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of HMS Holdings Corp. during the second quarter valued at $186,000. Institutional investors own 96.54% of the company’s stock.

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.

5 Day Chart for NASDAQ:HMSY

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