HMS Holdings Corp. (HMSY) Rating Reiterated by Credit Suisse Group AG
HMS Holdings Corp. (NASDAQ:HMSY)‘s stock had its “buy” rating reiterated by equities researchers at Credit Suisse Group AG in a research report issued to clients and investors on Friday. They currently have a $26.00 price objective on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 57.67% from the company’s current price.
HMSY has been the subject of a number of other reports. Jefferies Group reissued a “buy” rating on shares of HMS Holdings Corp. in a research note on Friday, August 5th. Zacks Investment Research upgraded shares of HMS Holdings Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Finally, TheStreet cut shares of HMS Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. HMS Holdings Corp. presently has an average rating of “Buy” and a consensus price target of $21.80.
HMS Holdings Corp. (NASDAQ:HMSY) opened at 16.49 on Friday. HMS Holdings Corp. has a 52-week low of $10.16 and a 52-week high of $24.00. The company has a market cap of $1.40 billion, a PE ratio of 40.22 and a beta of 0.98. The firm’s 50 day moving average is $20.85 and its 200 day moving average is $19.66.
HMS Holdings Corp. (NASDAQ:HMSY) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.07. HMS Holdings Corp. had a net margin of 7.12% and a return on equity of 10.04%. The company earned $124.60 million during the quarter, compared to the consensus estimate of $123.43 million. During the same period in the prior year, the firm earned $0.15 earnings per share. HMS Holdings Corp.’s revenue was up 5.2% on a year-over-year basis. Analysts forecast that HMS Holdings Corp. will post $0.72 EPS for the current fiscal year.
In other news, CEO William C. Lucia sold 45,280 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 194,982 shares in the company, valued at $4,307,152.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert Becker purchased 5,000 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 11,701 shares of the company’s stock, valued at $256,953.96. The disclosure for this purchase can be found here. Insiders own 2.50% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its stake in shares of 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 valued at $116,320,000 after buying an additional 5,243,501 shares in the last quarter. RS Investment Management Co. LLC boosted its stake in shares of 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 valued at $133,695,000 after buying an additional 1,510,011 shares in the last quarter. Yost Capital Management L.L.C. bought a new stake in shares of HMS Holdings Corp. during the second quarter valued at about $16,793,000. Hood River Capital Management LLC bought a new stake in shares of HMS Holdings Corp. during the second quarter valued at about $10,627,000. Finally, Teachers Advisors LLC boosted its stake in shares of HMS Holdings Corp. by 388.4% in the third quarter. Teachers Advisors LLC now owns 670,276 shares of the company’s stock valued at $14,860,000 after buying an additional 533,028 shares in the last quarter. Hedge funds and other institutional investors own 97.00% 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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