HMS Holdings Corp (NASDAQ:HMSY) has been given an average recommendation of “Buy” by the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $32.93.
Several equities research analysts have commented on HMSY shares. Zacks Investment Research upgraded HMS from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Thursday, May 9th. BidaskClub upgraded HMS from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Cantor Fitzgerald cut HMS from an “overweight” rating to a “neutral” rating and set a $29.40 target price on the stock. in a research note on Wednesday, April 17th. William Blair reiterated an “outperform” rating on shares of HMS in a research note on Thursday, March 14th. Finally, Guggenheim started coverage on HMS in a research note on Wednesday, April 17th. They set a “buy” rating on the stock.
In other news, Chairman William C. Lucia sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $31.04, for a total transaction of $37,248.00. Following the sale, the chairman now owns 143,632 shares in the company, valued at approximately $4,458,337.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William F. Miller III sold 16,953 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $32.50, for a total value of $550,972.50. Following the sale, the director now owns 157,418 shares in the company, valued at approximately $5,116,085. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,761 shares of company stock worth $4,398,753. Company insiders own 2.87% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in HMS by 1.1% in the 1st quarter. BlackRock Inc. now owns 12,586,566 shares of the business services provider’s stock valued at $372,687,000 after acquiring an additional 136,998 shares during the period. Wellington Management Group LLP raised its stake in HMS by 8.1% in the 1st quarter. Wellington Management Group LLP now owns 8,225,130 shares of the business services provider’s stock valued at $243,546,000 after acquiring an additional 616,314 shares during the period. American Capital Management Inc. raised its stake in HMS by 0.4% in the 1st quarter. American Capital Management Inc. now owns 2,215,892 shares of the business services provider’s stock valued at $65,613,000 after acquiring an additional 9,327 shares during the period. Standard Life Aberdeen plc raised its stake in HMS by 8.8% in the 4th quarter. Standard Life Aberdeen plc now owns 1,677,850 shares of the business services provider’s stock valued at $47,341,000 after acquiring an additional 135,599 shares during the period. Finally, Norges Bank bought a new stake in HMS in the 4th quarter valued at $42,907,000. Institutional investors own 95.86% of the company’s stock.
NASDAQ HMSY traded down $0.40 during trading on Friday, hitting $30.75. The stock had a trading volume of 10,759 shares, compared to its average volume of 580,215. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.64 and a beta of 1.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.34 and a current ratio of 5.34. HMS has a 12 month low of $21.46 and a 12 month high of $38.15.
HMS (NASDAQ:HMSY) last released its earnings results on Friday, May 3rd. The business services provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.16. The firm had revenue of $148.00 million for the quarter, compared to analysts’ expectations of $144.13 million. HMS had a return on equity of 14.02% and a net margin of 11.28%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities research analysts forecast that HMS will post 1.03 EPS for the current year.
HMS Company Profile
HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.
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