HMS (NASDAQ:HMSY) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.
HMSY has been the topic of several other reports. Robert W. Baird reissued a “buy” rating and set a $30.00 price target on shares of HMS in a research report on Friday, August 3rd. Cantor Fitzgerald boosted their price target on HMS to $31.00 and gave the company a “neutral” rating in a report on Monday. ValuEngine upgraded HMS from a “buy” rating to a “strong-buy” rating in a report on Monday, August 13th. Zacks Investment Research downgraded HMS from a “strong-buy” rating to a “hold” rating in a report on Friday, October 5th. Finally, Chardan Capital initiated coverage on HMS in a report on Thursday, September 13th. They issued a “neutral” rating and a $35.00 price target for the company. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $32.00.
HMS stock opened at $35.71 on Wednesday. The company has a market cap of $2.85 billion, a P/E ratio of 83.05, a P/E/G ratio of 4.08 and a beta of 1.32. The company has a current ratio of 4.04, a quick ratio of 3.87 and a debt-to-equity ratio of 0.37. HMS has a one year low of $14.88 and a one year high of $36.25.
HMS (NASDAQ:HMSY) last released its quarterly earnings results on Friday, November 2nd. The business services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. The firm had revenue of $154.20 million for the quarter, compared to analyst estimates of $140.93 million. HMS had a return on equity of 10.63% and a net margin of 8.01%. HMS’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. Sell-side analysts expect that HMS will post 0.76 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of HMSY. Stifel Financial Corp bought a new position in HMS during the 1st quarter worth $210,000. Xact Kapitalforvaltning AB grew its stake in HMS by 52.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 20,304 shares of the business services provider’s stock worth $342,000 after buying an additional 7,000 shares during the last quarter. Principal Financial Group Inc. grew its stake in HMS by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 689,482 shares of the business services provider’s stock worth $11,611,000 after buying an additional 24,762 shares during the last quarter. Bank of Montreal Can bought a new position in HMS during the 2nd quarter worth $1,034,000. Finally, American Capital Management Inc. grew its stake in HMS by 0.8% during the 2nd quarter. American Capital Management Inc. now owns 2,389,449 shares of the business services provider’s stock worth $51,660,000 after buying an additional 17,895 shares during the last quarter. Hedge funds and other institutional investors own 95.24% of the company’s stock.
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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