News headlines about HMS (NASDAQ:HMSY) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. HMS earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 45.4639650208564 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
HMSY has been the topic of several research analyst reports. Citigroup initiated coverage on shares of HMS in a report on Thursday, January 4th. They set a “neutral” rating on the stock. Robert W. Baird restated a “buy” rating on shares of HMS in a report on Sunday, November 19th. Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 price target on shares of HMS in a research note on Monday, October 30th. Jefferies Group reaffirmed a “neutral” rating on shares of HMS in a research note on Sunday, November 5th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $16.00 price target on shares of HMS in a research note on Sunday, November 19th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. HMS currently has a consensus rating of “Buy” and an average target price of $20.39.
HMS (NASDAQ HMSY) remained flat at $$17.83 during trading hours on Monday. 369,100 shares of the company’s stock traded hands, compared to its average volume of 470,689. HMS has a 52-week low of $11.01 and a 52-week high of $20.90. The firm has a market capitalization of $1,500.00, a P/E ratio of 61.48, a PEG ratio of 2.62 and a beta of 0.88.
HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, November 3rd. The business services provider reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). HMS had a return on equity of 7.93% and a net margin of 4.94%. The company had revenue of $125.70 million for the quarter, compared to the consensus estimate of $147.62 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. sell-side analysts expect that HMS will post 0.55 EPS for the current fiscal year.
HMS announced that its board has authorized a share buyback program on Friday, November 3rd that permits the company to buyback $50.00 million in shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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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.
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