Cantor Fitzgerald reiterated their hold rating on shares of HMS (NASDAQ:HMSY) in a research note issued to investors on Sunday, November 19th. They currently have a $16.00 price objective on the business services provider’s stock.
“3Q17 misstep. On November 3, 2017, HMSY reported 3Q17 results that were below FactSet consensus and our estimates. Revenue of $126M (+0.9% y/y) came in below consensus and our estimate of $148M. The revenue shortfall was attributed to three factors: a decline of approximately $8 million in COB revenue, continued weakness in PI and Eliza integration issues.”,” the firm’s analyst wrote.
A number of other equities analysts also recently issued reports on HMSY. Zacks Investment Research upgraded HMS from a hold rating to a buy rating and set a $22.00 price target for the company in a research note on Tuesday, August 1st. BidaskClub downgraded HMS from a buy rating to a hold rating in a research note on Friday, August 4th. UBS upgraded HMS from an outperform rating to a strong-buy rating in a research note on Thursday, August 10th. Raymond James Financial upgraded HMS from an outperform rating to a strong-buy rating and set a $23.00 price target for the company in a research note on Thursday, August 10th. Finally, Jefferies Group reiterated a hold rating and set a $21.50 price target on shares of HMS in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $20.39.
Shares of HMS (HMSY) opened at $17.02 on Friday. HMS has a 12-month low of $11.01 and a 12-month high of $20.90. The company has a market capitalization of $1,399.15, a PE ratio of 32.00, a P/E/G ratio of 2.77 and a beta of 0.87.
HMS (NASDAQ:HMSY) last issued its earnings results on Friday, November 3rd. The business services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $125.70 million during the quarter, compared to the consensus estimate of $147.62 million. HMS had a net margin of 4.94% and a return on equity of 7.93%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. equities analysts predict that HMS will post 0.55 EPS for the current year.
HMS declared that its Board of Directors has authorized a share repurchase program on Friday, November 3rd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
In other news, Chairman William C. Lucia sold 29,894 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $20.00, for a total value of $597,880.00. Following the transaction, the chairman now owns 222,745 shares in the company, valued at approximately $4,454,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Riverhead Capital Management LLC boosted its stake in shares of HMS by 80.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after buying an additional 2,492 shares during the last quarter. Zions Bancorporation purchased a new position in shares of HMS in the 3rd quarter worth approximately $116,000. Koch Industries Inc. purchased a new position in shares of HMS in the 2nd quarter worth approximately $197,000. Fox Run Management L.L.C. purchased a new position in shares of HMS in the 2nd quarter worth approximately $198,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of HMS by 1.9% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.
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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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