Brokers Set Expectations for HMS Holdings Corp.’s Q4 2016 Earnings (HMSY)
HMS Holdings Corp. (NASDAQ:HMSY) – Investment analysts at Jefferies Group lifted their Q4 2016 EPS estimates for shares of HMS Holdings Corp. in a report issued on Wednesday. Jefferies Group analyst D. Windley now anticipates that the brokerage will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.17. Jefferies Group has a “Hold” rating and a $19.00 price target on the stock. Jefferies Group also issued estimates for HMS Holdings Corp.’s Q1 2017 earnings at $0.14 EPS, Q2 2017 earnings at $0.15 EPS, Q3 2017 earnings at $0.15 EPS and Q4 2017 earnings at $0.24 EPS.
Several other brokerages have also recently issued reports on HMSY. Zacks Investment Research upgraded HMS Holdings Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. TheStreet upgraded HMS Holdings Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $26.00 target price on shares of HMS Holdings Corp. in a report on Friday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. HMS Holdings Corp. presently has an average rating of “Buy” and an average target price of $21.80.
Shares of HMS Holdings Corp. (NASDAQ:HMSY) opened at 16.54 on Friday. The company has a market capitalization of $1.40 billion, a P/E ratio of 40.34 and a beta of 0.98. HMS Holdings Corp. has a 12-month low of $10.16 and a 12-month high of $24.00. The company has a 50 day moving average price of $21.01 and a 200 day moving average price of $19.57.
HMS Holdings Corp. (NASDAQ:HMSY) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.07. The firm earned $124.60 million during the quarter, compared to the consensus estimate of $123.43 million. HMS Holdings Corp. had a return on equity of 10.04% and a net margin of 7.12%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share.
Institutional investors have recently made changes to their positions in the stock. 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 worth $126,000 after buying an additional 824 shares during the period. 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 worth $134,000 after buying an additional 66 shares during the period. 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 worth $137,000 after buying an additional 1,596 shares during the period. 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 worth $141,000 after buying an additional 8,000 shares during the period. Finally, M&T Bank Corp purchased a new position in shares of HMS Holdings Corp. during the second quarter worth approximately $186,000. Institutional investors own 96.23% of the company’s stock.
In related news, CEO William C. Lucia sold 45,280 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 194,982 shares in the company, valued at approximately $4,307,152.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Becker bought 5,000 shares of the stock in a transaction that occurred 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 acquisition, the director now directly owns 11,701 shares in the company, valued at $256,953.96. The disclosure for this purchase can be found here. Insiders own 2.50% of the company’s stock.
About HMS Holdings Corp.
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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