BidaskClub upgraded shares of HMS (NASDAQ:HMSY) from a buy rating to a strong-buy rating in a report issued on Wednesday.

A number of other brokerages have also issued reports on HMSY. Credit Suisse Group boosted their price target on HMS from $27.00 to $33.00 and gave the stock an outperform rating in a research report on Wednesday, August 22nd. Chardan Capital initiated coverage on HMS in a research report on Thursday, September 13th. They set a neutral rating and a $35.00 price target for the company. ValuEngine upgraded HMS from a buy rating to a strong-buy rating in a research report on Monday, August 13th. Zacks Investment Research upgraded HMS from a hold rating to a buy rating and set a $26.00 price target for the company in a research report on Tuesday, July 10th. Finally, Jefferies Financial Group set a $28.00 price target on HMS and gave the stock a hold rating in a research report on Sunday, August 5th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $32.64.

HMSY stock traded down $0.34 during trading on Wednesday, reaching $37.04. 692,752 shares of the company’s stock were exchanged, compared to its average volume of 752,247. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.87 and a current ratio of 4.04. HMS has a 1-year low of $14.88 and a 1-year high of $38.15. The firm has a market capitalization of $3.08 billion, a PE ratio of 86.14, a price-to-earnings-growth ratio of 3.94 and a beta of 1.32.

HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, November 2nd. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.10. HMS had a return on equity of 10.63% and a net margin of 8.01%. The company had revenue of $154.20 million during the quarter, compared to analyst estimates of $140.93 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. Equities research analysts predict that HMS will post 0.85 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. First Quadrant L P CA acquired a new stake in shares of HMS in the third quarter valued at $107,000. Jackson Financial Management acquired a new stake in shares of HMS in the third quarter valued at $242,000. CAPROCK Group Inc. acquired a new stake in shares of HMS in the third quarter valued at $246,000. CIBC Asset Management Inc acquired a new stake in shares of HMS in the third quarter valued at $246,000. Finally, Macquarie Group Ltd. lifted its holdings in shares of HMS by 344.4% in the second quarter. Macquarie Group Ltd. now owns 8,000 shares of the business services provider’s stock valued at $173,000 after buying an additional 6,200 shares during the period. Institutional investors and hedge funds own 95.24% of the company’s stock.

HMS Company Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.

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Analyst Recommendations for HMS (NASDAQ:HMSY)

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