Jefferies Group LLC restated their hold rating on shares of HMS Holdings Corp (NASDAQ:HMSY) in a research report released on Tuesday. The brokerage currently has a $21.50 price objective on the business services provider’s stock.

A number of other research firms have also recently commented on HMSY. UBS AG upgraded HMS Holdings Corp from an outperform rating to a strong-buy rating in a research report on Thursday, August 10th. Zacks Investment Research cut HMS Holdings Corp from a buy rating to a hold rating in a report on Wednesday, August 9th. BidaskClub cut HMS Holdings Corp from a buy rating to a hold rating in a report on Friday, August 4th. Raymond James Financial, Inc. upgraded HMS Holdings Corp from an outperform rating to a strong-buy rating and set a $23.00 price objective on the stock in a report on Thursday, August 10th. Finally, Canaccord Genuity began coverage on HMS Holdings Corp in a report on Tuesday, July 11th. They issued a buy rating and a $22.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $23.06.

Shares of HMS Holdings Corp (NASDAQ:HMSY) opened at 17.70 on Tuesday. The stock has a market cap of $1.49 billion, a PE ratio of 50.43 and a beta of 1.08. HMS Holdings Corp has a one year low of $15.94 and a one year high of $23.06. The company’s 50-day moving average price is $18.59 and its 200-day moving average price is $18.89.

HMS Holdings Corp (NASDAQ:HMSY) last posted its earnings results on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.02. HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The business had revenue of $133.31 million for the quarter, compared to analyst estimates of $135.96 million. During the same quarter last year, the business earned $0.18 earnings per share. HMS Holdings Corp’s revenue was up 9.7% on a year-over-year basis. Equities research analysts anticipate that HMS Holdings Corp will post $0.81 earnings per share for the current year.

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In other HMS Holdings Corp news, Director Bart M. Schwartz bought 1,500 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were acquired at an average cost of $19.28 per share, with a total value of $28,920.00. Following the purchase, the director now directly owns 46,868 shares of the company’s stock, valued at approximately $903,615.04. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Semone Neuman sold 14,546 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $19.00, for a total transaction of $276,374.00. Following the completion of the transaction, the executive vice president now directly owns 122,685 shares in the company, valued at $2,331,015. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stephens Inc. AR raised its position in HMS Holdings Corp by 0.3% in the first quarter. Stephens Inc. AR now owns 29,737 shares of the business services provider’s stock worth $605,000 after buying an additional 78 shares during the period. State of Alaska Department of Revenue raised its position in HMS Holdings Corp by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 9,230 shares of the business services provider’s stock worth $187,000 after buying an additional 90 shares during the period. Louisiana State Employees Retirement System raised its position in HMS Holdings Corp by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the business services provider’s stock worth $633,000 after buying an additional 200 shares during the period. Arizona State Retirement System raised its position in HMS Holdings Corp by 0.5% in the second quarter. Arizona State Retirement System now owns 43,697 shares of the business services provider’s stock worth $808,000 after buying an additional 200 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in HMS Holdings Corp by 1.9% in the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after buying an additional 200 shares during the period. 94.66% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for HMS Holdings Corp (NASDAQ:HMSY)

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