HMS Holdings Corp. (HMSY) Given Consensus Rating of “Buy” by Brokerages
HMS Holdings Corp. (NASDAQ:HMSY) has been assigned a consensus rating of “Buy” from the seven brokerages that are covering the stock. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $20.60.
Several research firms recently weighed in on HMSY. TheStreet lowered HMS Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, November 9th. 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, November 11th. Zacks Investment Research upgraded HMS Holdings Corp. from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Tuesday, August 9th. Finally, Jefferies Group restated a “neutral” rating on shares of HMS Holdings Corp. in a report on Thursday, September 8th.
Shares of HMS Holdings Corp. (NASDAQ:HMSY) opened at 18.39 on Thursday. 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 is $20.26 and its 200-day moving average is $19.71. The firm has a market cap of $1.56 billion, a P/E ratio of 44.85 and a beta of 0.98.
HMS Holdings Corp. (NASDAQ:HMSY) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.07. The business earned $124.60 million during the quarter, compared to analyst estimates 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 revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. Equities analysts anticipate that HMS Holdings Corp. will post $0.74 earnings per share for the current fiscal year.
In other HMS Holdings Corp. news, CEO William C. Lucia sold 45,280 shares of HMS Holdings Corp. stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $22.09, for a total value of $1,000,235.20. Following the transaction, the chief executive officer now directly owns 194,982 shares of the company’s stock, valued at approximately $4,307,152.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert Becker purchased 5,000 shares of the company’s stock in a transaction on 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 owns 11,701 shares in the company, valued at $256,953.96. The disclosure for this purchase can be found here. 2.50% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in HMSY. 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 in the last quarter. Paradigm Asset Management Co. LLC boosted its stake in 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 in the last quarter. BlackRock Inc. boosted its stake in 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 in the last quarter. Creative Planning boosted its stake in 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 in the last quarter. Finally, M&T Bank Corp purchased a new stake in HMS Holdings Corp. during the second quarter worth about $186,000. Institutional investors and hedge funds own 99.99% 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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