William Blair Research Analysts Lower Earnings Estimates for HMS Holdings Corp. (HMSY)
HMS Holdings Corp. (NASDAQ:HMSY) – Stock analysts at William Blair reduced their FY2016 earnings per share estimates for shares of HMS Holdings Corp. in a research report issued on Wednesday. William Blair analyst R. Daniels now forecasts that the firm will earn $0.56 per share for the year, down from their prior estimate of $0.58. William Blair also issued estimates for HMS Holdings Corp.’s FY2017 earnings at $0.67 EPS.
HMS Holdings Corp. (NASDAQ:HMSY) last posted its earnings results on Wednesday, November 9th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS.
Other research analysts also recently issued reports about the company. Credit Suisse Group AG reissued a “buy” rating and issued a $26.00 price target on shares of HMS Holdings Corp. in a report on Friday. Zacks Investment Research raised HMS Holdings Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, August 9th. TheStreet raised HMS Holdings Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Finally, Jefferies Group reissued a “buy” rating on shares of HMS Holdings Corp. in a report on Friday, August 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.80.
HMS Holdings Corp. (NASDAQ:HMSY) opened at 16.49 on Monday. HMS Holdings Corp. has a 52-week low of $10.16 and a 52-week high of $24.00. The stock’s 50 day moving average price is $20.85 and its 200-day moving average price is $19.66. The company has a market capitalization of $1.40 billion, a P/E ratio of 40.22 and a beta of 0.98.
In other HMS Holdings Corp. news, Director Robert Becker acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was acquired at an average cost of $21.96 per share, for a total transaction of $109,800.00. Following the completion of the transaction, the director now directly owns 11,701 shares of the company’s stock, valued at $256,953.96. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William C. Lucia sold 45,280 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 194,982 shares of the company’s stock, valued at $4,307,152.38. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. US Bancorp DE boosted its stake in 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 stake 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 during the last quarter. BlackRock Inc. boosted its stake 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 during the last quarter. Creative Planning boosted its stake 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 during the last quarter. Finally, Amalgamated Bank purchased a new stake in shares of HMS Holdings Corp. during the second quarter valued at approximately $227,000. Institutional investors and hedge funds 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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