HMS (NASDAQ:HMSY) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, December 20th.
A number of other research firms also recently commented on HMSY. Robert W. Baird reaffirmed a “buy” rating on shares of HMS in a research report on Sunday, November 19th. Canaccord Genuity reaffirmed a “buy” rating and issued a $22.00 target price on shares of HMS in a research report on Monday, October 30th. Jefferies Group reaffirmed a “neutral” rating on shares of HMS in a research report on Sunday, November 5th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $16.00 target price on shares of HMS in a research report on Sunday, November 19th. Finally, Zacks Investment Research cut shares of HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $20.39.
Shares of HMS (NASDAQ:HMSY) traded up $0.30 on Wednesday, hitting $17.83. 403,882 shares of the company traded hands, compared to its average volume of 483,398. The company has a market capitalization of $1,490.00, a P/E ratio of 61.48, a P/E/G ratio of 2.56 and a beta of 0.88. HMS has a 12 month low of $11.01 and a 12 month high of $20.90.
HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03). The firm had revenue of $125.70 million for 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%. HMS’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. equities research analysts anticipate that HMS will post 0.55 EPS for the current year.
HMS declared that its board has authorized a share repurchase plan 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 buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HMSY. Aperio Group LLC lifted its stake in shares of HMS by 6.1% during the 2nd quarter. Aperio Group LLC now owns 24,658 shares of the business services provider’s stock valued at $456,000 after buying an additional 1,426 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of HMS by 2.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,730 shares of the business services provider’s stock valued at $365,000 after buying an additional 390 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of HMS by 4.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 122,272 shares of the business services provider’s stock valued at $2,261,000 after buying an additional 5,236 shares in the last quarter. Arizona State Retirement System increased its holdings in HMS by 0.5% in the 2nd 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 last quarter. Finally, First Trust Advisors LP increased its holdings in HMS by 26.8% in the 2nd quarter. First Trust Advisors LP now owns 45,270 shares of the business services provider’s stock valued at $837,000 after acquiring an additional 9,562 shares during the last quarter. Institutional investors own 95.93% 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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