Wall Street analysts expect HMS Holdings Corp (NASDAQ:HMSY) to report $156.14 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for HMS’s earnings, with the highest sales estimate coming in at $157.00 million and the lowest estimate coming in at $155.20 million. HMS reported sales of $148.49 million in the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The business is scheduled to report its next quarterly earnings results on Friday, February 22nd.

On average, analysts expect that HMS will report full-year sales of $598.53 million for the current fiscal year, with estimates ranging from $597.60 million to $600.00 million. For the next fiscal year, analysts forecast that the business will post sales of $636.79 million, with estimates ranging from $625.10 million to $658.00 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for HMS.

HMS (NASDAQ:HMSY) last posted its earnings results on Friday, November 2nd. The business services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.10. HMS had a net margin of 8.01% and a return on equity of 10.63%. The firm had revenue of $154.20 million during the quarter, compared to the consensus estimate of $140.93 million. During the same quarter last year, the company earned $0.19 earnings per share. The company’s revenue was up 22.7% on a year-over-year basis.

A number of equities analysts have recently commented on the stock. ValuEngine lowered shares of HMS from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 17th. Cantor Fitzgerald raised their price objective on shares of HMS to $31.00 and gave the company a “neutral” rating in a research report on Monday, November 5th. First Analysis upgraded shares of HMS from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $31.00 to $38.00 in a research report on Sunday, November 4th. BidaskClub upgraded shares of HMS from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 7th. Finally, Zacks Investment Research upgraded shares of HMS from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Thursday, November 8th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $33.00.

In other news, SVP Greg D. Aunan sold 6,725 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $35.76, for a total value of $240,486.00. Following the completion of the sale, the senior vice president now directly owns 38,991 shares in the company, valued at approximately $1,394,318.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Douglas M. Williams sold 10,006 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $35.46, for a total transaction of $354,812.76. Following the completion of the sale, the insider now owns 139,217 shares of the company’s stock, valued at $4,936,634.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,193,745 shares of company stock valued at $41,545,016. 4.54% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. First Quadrant L P CA bought a new stake in shares of HMS in the 3rd quarter worth approximately $107,000. BlueMountain Capital Management LLC purchased a new position in shares of HMS in the third quarter worth $146,000. Macquarie Group Ltd. increased its stake 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 worth $173,000 after buying an additional 6,200 shares during the period. Ibex Investors LLC purchased a new position in shares of HMS in the third quarter worth $210,000. Finally, Jackson Financial Management purchased a new position in shares of HMS in the third quarter worth $242,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Shares of HMSY stock traded up $0.10 during trading hours on Monday, reaching $29.58. The stock had a trading volume of 597,372 shares, compared to its average volume of 616,906. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.37. HMS has a 12 month low of $14.88 and a 12 month high of $38.15. The firm has a market capitalization of $2.47 billion, a P/E ratio of 68.79, a price-to-earnings-growth ratio of 2.82 and a beta of 1.52.

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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