A number of other equities research analysts have also weighed in on HMSY. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $26.00 target price (up from $24.00) on shares of HMS Holdings Corp in a research report on Friday, March 31st. Zacks Investment Research lowered HMS Holdings Corp from a hold rating to a sell rating in a research report on Wednesday, May 3rd. Jefferies Group LLC reissued a hold rating and issued a $22.00 price target (up from $19.00) on shares of HMS Holdings Corp in a research report on Thursday, April 13th. Raymond James Financial, Inc. assumed coverage on HMS Holdings Corp in a research report on Friday, March 3rd. They issued an outperform rating and a $23.00 price target for the company. Finally, First Analysis downgraded HMS Holdings Corp from an overweight rating to an equal weight rating and dropped their target price for the stock from $24.00 to $21.00 in a research note on Monday, February 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. HMS Holdings Corp presently has an average rating of Buy and a consensus target price of $23.21.
Shares of HMS Holdings Corp (HMSY) traded down 1.61% during midday trading on Friday, reaching $18.92. The company had a trading volume of 637,000 shares. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 47.30 and a beta of 1.20. HMS Holdings Corp has a 12-month low of $15.94 and a 12-month high of $24.00. The company has a 50 day moving average of $18.89 and a 200 day moving average of $18.75.
HMS Holdings Corp (NASDAQ:HMSY) last announced its earnings results on Wednesday, May 10th. The business services provider reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. HMS Holdings Corp had a return on equity of 9.70% and a net margin of 6.92%. The company had revenue of $114.50 million during the quarter, compared to analysts’ expectations of $120.08 million. During the same quarter last year, the firm posted $0.14 EPS. HMS Holdings Corp’s revenue for the quarter was down 4.4% compared to the same quarter last year. Analysts anticipate that HMS Holdings Corp will post $0.81 EPS for the current year.
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In other news, EVP Semone Neuman sold 14,546 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $19.00, for a total value of $276,374.00. Following the sale, the executive vice president now directly owns 122,685 shares in the company, valued at $2,331,015. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bart M. Schwartz acquired 1,500 shares of HMS Holdings Corp stock in a transaction dated Monday, June 12th. The stock was bought at an average price of $19.28 per share, for a total transaction of $28,920.00. Following the completion of the purchase, the director now owns 46,868 shares of the company’s stock, valued at approximately $903,615.04. The disclosure for this purchase can be found here. Corporate insiders own 2.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in shares of HMS Holdings Corp by 0.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,370,853 shares of the business services provider’s stock valued at $27,869,000 after buying an additional 3,998 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in HMS Holdings Corp by 38.5% in the first quarter. Tudor Investment Corp ET AL now owns 47,184 shares of the business services provider’s stock worth $959,000 after buying an additional 13,122 shares in the last quarter. Paloma Partners Management Co boosted its stake in HMS Holdings Corp by 72.2% in the first quarter. Paloma Partners Management Co now owns 31,619 shares of the business services provider’s stock worth $643,000 after buying an additional 13,255 shares in the last quarter. AQR Capital Management LLC boosted its stake in HMS Holdings Corp by 0.7% in the first quarter. AQR Capital Management LLC now owns 287,619 shares of the business services provider’s stock worth $5,848,000 after buying an additional 1,922 shares in the last quarter. Finally, Perceptive Advisors LLC acquired a new stake in HMS Holdings Corp during the first quarter worth $540,000. Institutional investors and hedge funds own 94.06% of the company’s stock.
HMS Holdings Corp Company Profile
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.
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