HMS Holdings Corp. (HMSY) Price Target Cut to $19.00
HMS Holdings Corp. (NASDAQ:HMSY) had its target price cut by investment analysts at Jefferies Group from $23.00 to $19.00 in a report issued on Thursday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 14.87% from the stock’s current price.
HMSY has been the topic of several other research reports. Zacks Investment Research cut shares of HMS Holdings Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 18th. TheStreet upgraded shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. HMS Holdings Corp. presently has a consensus rating of “Buy” and an average price target of $21.80.
Shares of HMS Holdings Corp. (NASDAQ:HMSY) opened at 16.54 on Thursday. The company has a market cap of $1.40 billion, a PE 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 firm’s 50-day moving average is $21.01 and its 200-day moving average is $19.57.
HMS Holdings Corp. (NASDAQ:HMSY) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.07. The firm had revenue of $124.60 million for the quarter, compared to analysts’ expectations of $123.43 million. HMS Holdings Corp. had a net margin of 7.12% and a return on equity of 10.04%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS. On average, equities research analysts predict that HMS Holdings Corp. will post $0.72 earnings per share for the current year.
In other news, Director Robert Becker acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were purchased at an average price of $21.96 per share, for a total transaction of $109,800.00. Following the completion of the transaction, the director now owns 11,701 shares of the company’s stock, valued at $256,953.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William C. Lucia sold 45,280 shares of the business’s stock in a transaction dated Monday, September 26th. The shares were 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 owns 194,982 shares in the company, valued at approximately $4,307,152.38. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in HMS Holdings Corp. by 163,145.6% in the third quarter. Victory Capital Management Inc. now owns 5,246,715 shares of the company’s stock worth $116,320,000 after buying an additional 5,243,501 shares during the last quarter. RS Investment Management Co. LLC boosted its position in HMS Holdings Corp. by 24.8% in the second quarter. RS Investment Management Co. LLC now owns 7,591,994 shares of the company’s stock worth $133,695,000 after buying an additional 1,510,011 shares during the last quarter. Yost Capital Management L.L.C. purchased a new position in HMS Holdings Corp. during the second quarter worth about $16,793,000. Hood River Capital Management LLC purchased a new position in HMS Holdings Corp. during the second quarter worth about $10,627,000. Finally, Teachers Advisors LLC boosted its position in HMS Holdings Corp. by 388.4% in the third quarter. Teachers Advisors LLC now owns 670,276 shares of the company’s stock worth $14,860,000 after buying an additional 533,028 shares during the last quarter. Hedge funds and other institutional investors own 97.00% 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.
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