Cantor Fitzgerald Lowers HMS Holdings Corp (HMSY) to Neutral
Cantor Fitzgerald lowered shares of HMS Holdings Corp (NASDAQ:HMSY) from an overweight rating to a neutral rating in a report issued on Monday morning, The Fly reports.
Several other equities research analysts have also recently commented on the stock. Robert W. Baird reissued a buy rating and set a $22.00 price target on shares of HMS Holdings Corp in a research report on Thursday, August 31st. Zacks Investment Research raised shares of HMS Holdings Corp from a hold rating to a buy rating and set a $22.00 price target on the stock in a research report on Tuesday, August 1st. Jefferies Group LLC reissued a hold rating and set a $21.50 price target on shares of HMS Holdings Corp in a research report on Tuesday, August 22nd. Canaccord Genuity reissued a buy rating and set a $22.00 price target on shares of HMS Holdings Corp in a research report on Monday, October 30th. Finally, BidaskClub cut shares of HMS Holdings Corp from a buy rating to a hold rating in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. HMS Holdings Corp has an average rating of Buy and an average price target of $20.44.
Shares of HMS Holdings Corp (HMSY) opened at $16.17 on Monday. HMS Holdings Corp has a 52-week low of $11.01 and a 52-week high of $20.90. The company has a market cap of $1,351.22, a PE ratio of 30.90, a price-to-earnings-growth ratio of 2.57 and a beta of 0.94.
HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, November 3rd. The business services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). HMS Holdings Corp had a return on equity of 7.93% and a net margin of 4.94%. The business had revenue of $125.70 million for the quarter, compared to the consensus estimate of $147.62 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. equities analysts anticipate that HMS Holdings Corp will post 0.57 EPS for the current year.
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HMS Holdings Corp declared that its board has authorized a stock repurchase program on Friday, November 3rd that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, EVP Cynthia Nustad sold 22,907 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $17.64, for a total transaction of $404,079.48. Following the transaction, the executive vice president now directly owns 73,877 shares in the company, valued at approximately $1,303,190.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Semone Neuman sold 20,734 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $17.68, for a total transaction of $366,577.12. Following the transaction, the executive vice president now owns 96,722 shares in the company, valued at $1,710,044.96. The disclosure for this sale can be found here. Insiders have sold a total of 73,535 shares of company stock worth $1,368,537 over the last 90 days. 3.20% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in HMSY. Riverhead Capital Management LLC increased its stake in shares of HMS Holdings Corp by 80.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after purchasing an additional 2,492 shares during the last quarter. Zions Bancorporation acquired a new position in HMS Holdings Corp in the 3rd quarter valued at about $116,000. Koch Industries Inc. acquired a new position in HMS Holdings Corp in the 2nd quarter valued at about $197,000. Fox Run Management L.L.C. acquired a new position in HMS Holdings Corp in the 2nd quarter valued at about $198,000. Finally, Oppenheimer & Co. Inc. grew its stake in HMS Holdings Corp by 1.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock valued at $201,000 after buying an additional 200 shares during the last quarter. Institutional investors own 96.23% 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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