BidaskClub lowered shares of HMS (NASDAQ:HMSY) from a hold rating to a sell rating in a research report report published on Wednesday morning.
Several other research firms also recently commented on HMSY. Citigroup started coverage on HMS in a report on Thursday, January 4th. They issued a neutral rating on the stock. Zacks Investment Research cut HMS from a hold rating to a sell rating in a research note on Saturday, February 17th. ValuEngine cut HMS from a hold rating to a sell rating in a research note on Thursday, March 1st. Cantor Fitzgerald restated a hold rating and issued a $17.00 price target on shares of HMS in a research note on Friday, February 23rd. Finally, Canaccord Genuity boosted their price target on HMS from $17.00 to $20.00 and gave the stock a buy rating in a research note on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $19.81.
HMS stock opened at $16.93 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.16 and a current ratio of 3.16. HMS has a 12 month low of $11.01 and a 12 month high of $20.90. The firm has a market capitalization of $1,422.89, a price-to-earnings ratio of 34.90, a P/E/G ratio of 2.40 and a beta of 0.84.
HMS (NASDAQ:HMSY) last released its earnings results on Friday, February 23rd. The business services provider reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). HMS had a return on equity of 7.33% and a net margin of 7.56%. The company had revenue of $148.49 million during the quarter, compared to the consensus estimate of $136.77 million. During the same period last year, the firm posted $0.20 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year. research analysts predict that HMS will post 0.65 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Penbrook Management LLC purchased a new position in shares of HMS in the fourth quarter worth $541,000. Xact Kapitalforvaltning AB purchased a new stake in HMS during the fourth quarter valued at $226,000. Fairpointe Capital LLC increased its position in HMS by 3.3% during the fourth quarter. Fairpointe Capital LLC now owns 157,400 shares of the business services provider’s stock valued at $2,668,000 after acquiring an additional 5,000 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in HMS by 71.5% during the fourth quarter. Segall Bryant & Hamill LLC now owns 301,096 shares of the business services provider’s stock valued at $5,104,000 after acquiring an additional 125,507 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in HMS during the fourth quarter valued at $691,000. Hedge funds and other institutional investors own 99.48% of the company’s stock.
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HMS Company Profile
HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.
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