Shares of HMS Holdings (NASDAQ:HMSY) reached a new 52-week high and low during mid-day trading on Monday . The company traded as low as $21.61 and last traded at $21.37, with a volume of 153241 shares. The stock had previously closed at $21.25.
A number of analysts have recently issued reports on HMSY shares. Citigroup cut their target price on shares of HMS from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, February 27th. TheStreet upgraded shares of HMS from a “c+” rating to a “b” rating in a research note on Tuesday, April 17th. BidaskClub upgraded shares of HMS from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 15th. ValuEngine upgraded shares of HMS from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research cut shares of HMS from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. HMS has a consensus rating of “Buy” and an average target price of $19.81.
The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 2.99 and a beta of 0.84.
HMS (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, May 4th. The business services provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.07. HMS had a net margin of 8.20% and a return on equity of 8.01%. The business had revenue of $141.40 million during the quarter, compared to analysts’ expectations of $130.10 million. During the same quarter in the previous year, the company earned $0.14 EPS. The business’s revenue was up 23.5% on a year-over-year basis. equities research analysts expect that HMS Holdings will post 0.65 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in HMS by 75.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,016,623 shares of the business services provider’s stock worth $51,132,000 after purchasing an additional 1,292,855 shares in the last quarter. BlackRock Inc. raised its stake in HMS by 3.0% in the 4th quarter. BlackRock Inc. now owns 10,812,870 shares of the business services provider’s stock worth $183,279,000 after purchasing an additional 316,963 shares in the last quarter. Penbrook Management LLC acquired a new stake in HMS in the 4th quarter worth about $541,000. Landscape Capital Management L.L.C. bought a new position in HMS in the 4th quarter valued at about $430,000. Finally, Goldman Sachs Group Inc. increased its holdings in HMS by 0.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,859,764 shares of the business services provider’s stock valued at $31,523,000 after buying an additional 11,647 shares during the period. Institutional investors and hedge funds own 98.02% of the company’s stock.
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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