HMS (NASDAQ:HMSY) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, February 23rd. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
HMS (NASDAQ:HMSY) opened at $15.28 on Wednesday. The company has a market cap of $1,314.23, a PE ratio of 53.90, a P/E/G ratio of 2.30 and a beta of 0.84. HMS has a fifty-two week low of $11.01 and a fifty-two week high of $20.90.
HMS declared that its Board of Directors has approved a stock 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 purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
HMSY has been the topic of several 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 reiterated a “buy” rating on shares of HMS in a report on Sunday, November 19th. Canaccord Genuity reiterated a “buy” rating and set a $22.00 price target on shares of HMS in a report on Monday, October 30th. Jefferies Group reiterated a “neutral” rating on shares of HMS in a report on Sunday, November 5th. Finally, BidaskClub downgraded shares of HMS from a “sell” rating to a “strong sell” rating in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.39.
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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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