HMS Holdings Corp. (HMSY) Stock Rating Upgraded by Zacks Investment Research
HMS Holdings Corp. (NASDAQ:HMSY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $19.00 price objective on the stock. Zacks Investment Research’s price target indicates a potential upside of 9.26% from the company’s previous close.
According to Zacks, “HMS Holdings furnishes information-based revenue recovery and business office outsourcing services to healthcare providers and payors. “
Other equities analysts have also recently issued reports about the company. Credit Suisse Group AG restated a “buy” rating and set a $26.00 price objective on shares of HMS Holdings Corp. in a research note on Friday, November 11th. TheStreet upgraded HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Finally, Jefferies Group restated a “buy” rating on shares of HMS Holdings Corp. in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. HMS Holdings Corp. has an average rating of “Buy” and a consensus target price of $20.60.
Shares of HMS Holdings Corp. (NASDAQ:HMSY) opened at 17.39 on Tuesday. The company has a market cap of $1.47 billion, a PE ratio of 42.41 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 stock has a 50 day moving average of $20.58 and a 200-day moving average of $19.64.
HMS Holdings Corp. (NASDAQ:HMSY) last issued its earnings results on Wednesday, November 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.07. HMS Holdings Corp. had a return on equity of 10.04% and a net margin of 7.12%. The company had revenue of $124.60 million for the quarter, compared to analysts’ expectations of $123.43 million. During the same period last year, the business earned $0.15 EPS. HMS Holdings Corp.’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts forecast that HMS Holdings Corp. will post $0.72 earnings per share for the current year.
In other HMS Holdings Corp. news, Director Robert Becker bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was purchased at an average cost of $21.96 per share, with a total value of $109,800.00. Following the transaction, the director now directly owns 11,701 shares in the company, valued at approximately $256,953.96. The transaction 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 firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 194,982 shares of the company’s stock, valued at $4,307,152.38. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Large investors have recently made changes to their positions in the stock. RS Investment Management Co. LLC raised 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. Vanguard Group Inc. raised its stake in shares of HMS Holdings Corp. by 0.7% in the second quarter. Vanguard Group Inc. now owns 6,811,875 shares of the company’s stock valued at $119,957,000 after buying an additional 49,594 shares during the period. BlackRock Fund Advisors raised its stake in shares of HMS Holdings Corp. by 6.4% in the third quarter. BlackRock Fund Advisors now owns 6,218,591 shares of the company’s stock valued at $137,866,000 after buying an additional 372,382 shares during the period. Victory Capital Management Inc. raised 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 during the period. Finally, Pembroke Management LTD raised its stake in shares of HMS Holdings Corp. by 3.3% in the second quarter. Pembroke Management LTD now owns 2,895,996 shares of the company’s stock valued at $50,998,000 after buying an additional 92,700 shares during the period. 97.00% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for HMS Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS Holdings Corp. and related stocks with our FREE daily email newsletter.