Analysts Set HMS Holdings Corp (HMSY) Price Target at $21.40

Shares of HMS Holdings Corp (NASDAQ:HMSY) have received an average recommendation of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.40.

Several equities research analysts have recently weighed in on the company. UBS raised HMS from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, August 10th. BidaskClub cut HMS from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Wells Fargo & Company reissued an “outperform” rating and issued a $20.00 price objective (down from $25.50) on shares of HMS in a research report on Wednesday, November 29th. Raymond James Financial raised HMS from an “outperform” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research report on Thursday, August 10th. Finally, Zacks Investment Research cut HMS from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th.

HMS (NASDAQ HMSY) traded up $0.04 on Monday, hitting $16.39. The stock had a trading volume of 501,939 shares, compared to its average volume of 526,023. HMS has a 12 month low of $11.01 and a 12 month high of $20.90. The company has a market capitalization of $1,415.97, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.80 and a beta of 0.87.

HMS (NASDAQ:HMSY) last posted its quarterly earnings data on Friday, November 3rd. The business services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.03). HMS had a net margin of 4.94% and a return on equity of 7.93%. The business had revenue of $125.70 million during the quarter, compared to the consensus estimate of $147.62 million. During the same period in the prior year, the company posted $0.24 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. analysts predict that HMS will post 0.55 EPS for the current fiscal year.

HMS declared that its Board of Directors has approved a stock repurchase program on Friday, November 3rd that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

In related news, Chairman William C. Lucia sold 29,894 shares of the firm’s stock in a transaction 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 completion of the transaction, the chairman now directly owns 222,745 shares of the company’s stock, valued at $4,454,900. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.20% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Oppenheimer & Co. Inc. lifted its holdings in shares of HMS by 1.9% during the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock valued at $201,000 after acquiring an additional 200 shares during the period. Arizona State Retirement System lifted its holdings in shares of HMS by 0.5% during the second quarter. Arizona State Retirement System now owns 43,697 shares of the business services provider’s stock valued at $808,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of HMS by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the business services provider’s stock valued at $633,000 after acquiring an additional 200 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of HMS by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 36,087 shares of the business services provider’s stock valued at $668,000 after acquiring an additional 259 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of HMS by 2.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 19,730 shares of the business services provider’s stock valued at $365,000 after acquiring an additional 390 shares during the period. 96.27% of the stock is owned by hedge funds and other institutional investors.

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HMS 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 (NASDAQ:HMSY)

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