HMS Holdings Corp (NASDAQ:HMSY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday, April 14th. The brokerage presently has a $22.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 22.15% from the company’s previous close.
According to Zacks, “HMS Holdings furnishes information-based revenue recovery and business office outsourcing services to healthcare providers and payors. “
Other research analysts have also issued research reports about the stock. Oppenheimer Holdings Inc. set a $24.00 price objective on shares of HMS Holdings Corp and gave the company a “buy” rating in a research note on Saturday, February 25th. Jefferies Group LLC reissued a “hold” rating and issued a $22.00 price objective (up previously from $19.00) on shares of HMS Holdings Corp in a research note on Thursday, April 13th. Raymond James Financial, Inc. assumed coverage on shares of HMS Holdings Corp in a research note on Friday, March 3rd. They issued an “outperform” rating and a $23.00 price objective for the company. TheStreet raised shares of HMS Holdings Corp from a “c+” rating to a “b-” rating in a report on Monday, March 13th. Finally, First Analysis cut shares of HMS Holdings Corp from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $24.00 to $21.00 in a report on Monday, February 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. HMS Holdings Corp has a consensus rating of “Hold” and an average price target of $23.33.
HMS Holdings Corp (NASDAQ:HMSY) last announced its earnings results on Wednesday, May 10th. The business services provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. HMS Holdings Corp had a return on equity of 10.04% and a net margin of 7.12%. The company had revenue of $114.50 million for the quarter, compared to analysts’ expectations of $120.08 million. During the same period last year, the business earned $0.14 EPS. The company’s quarterly revenue was down 4.4% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC acquired a new position in shares of HMS Holdings Corp during the first quarter worth approximately $108,000. LS Investment Advisors LLC raised its position in HMS Holdings Corp by 48.3% in the first quarter. LS Investment Advisors LLC now owns 5,512 shares of the business services provider’s stock worth $112,000 after buying an additional 1,795 shares during the period. Envestnet Asset Management Inc. raised its position in HMS Holdings Corp by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,954 shares of the business services provider’s stock worth $126,000 after buying an additional 165 shares during the period. Intellectus Partners LLC purchased a new position in HMS Holdings Corp during the fourth quarter worth $127,000. Finally, Ameritas Investment Partners Inc. purchased a new position in HMS Holdings Corp during the first quarter worth $148,000. 96.43% of the stock is currently owned by institutional investors and hedge funds.
About HMS Holdings Corp
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about HMS Holdings Corp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for HMS Holdings Corp and related companies.