HMS Holdings Corp (NASDAQ:HMSY) Upgraded to Strong-Buy at Raymond James Financial, Inc.

Raymond James Financial, Inc. upgraded shares of HMS Holdings Corp (NASDAQ:HMSY) from an outperform rating to a strong-buy rating in a research note published on Thursday. Raymond James Financial, Inc. currently has $23.00 target price on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of HMS Holdings Corp from a sell rating to a hold rating in a research report on Tuesday, June 13th. Jefferies Group LLC restated a hold rating and issued a $21.50 price target on shares of HMS Holdings Corp in a research report on Wednesday, July 19th. BidaskClub downgraded shares of HMS Holdings Corp from a buy rating to a hold rating in a research report on Friday, August 4th. UBS AG upgraded shares of HMS Holdings Corp from an outperform rating to a strong-buy rating in a research report on Thursday. Finally, Cantor Fitzgerald assumed coverage on shares of HMS Holdings Corp in a research report on Wednesday, June 14th. They issued an overweight rating and a $23.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company. HMS Holdings Corp has an average rating of Buy and an average price target of $23.06.

Shares of HMS Holdings Corp (NASDAQ HMSY) traded up 0.74% during midday trading on Thursday, reaching $17.80. 546,084 shares of the company were exchanged. HMS Holdings Corp has a 52-week low of $15.94 and a 52-week high of $24.00. The company’s 50-day moving average price is $18.91 and its 200 day moving average price is $18.92. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 50.71 and a beta of 1.08.

HMS Holdings Corp (NASDAQ:HMSY) last released its earnings results on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by $0.02. The business had revenue of $133.31 million for the quarter, compared to analyst estimates of $135.96 million. HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 earnings per share. On average, equities analysts predict that HMS Holdings Corp will post $0.81 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “HMS Holdings Corp (NASDAQ:HMSY) Upgraded to Strong-Buy at Raymond James Financial, Inc.” was published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.com-unik.info/2017/08/13/hms-holdings-corp-nasdaqhmsy-upgraded-to-strong-buy-at-raymond-james-financial-inc.html.

In related news, Director Bart M. Schwartz acquired 1,500 shares of the company’s stock in a transaction on Monday, June 12th. The shares were purchased at an average price of $19.28 per share, for a total transaction of $28,920.00. Following the purchase, the director now owns 46,868 shares in the company, valued at $903,615.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Douglas M. Williams sold 13,140 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $17.78, for a total transaction of $233,629.20. Following the completion of the transaction, the insider now owns 121,264 shares in the company, valued at approximately $2,156,073.92. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stephens Inc. AR raised its position in HMS Holdings Corp by 0.3% in the first quarter. Stephens Inc. AR now owns 29,737 shares of the business services provider’s stock valued at $605,000 after buying an additional 78 shares in the last quarter. State of Alaska Department of Revenue raised its position in HMS Holdings Corp by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 9,230 shares of the business services provider’s stock valued at $187,000 after buying an additional 90 shares in the last quarter. Louisiana State Employees Retirement System raised its position in HMS Holdings Corp by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the business services provider’s stock valued at $633,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its position in HMS Holdings Corp by 0.5% in the second quarter. Arizona State Retirement System now owns 43,697 shares of the business services provider’s stock valued at $808,000 after buying an additional 200 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in HMS Holdings Corp by 1.9% in the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock valued at $201,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 94.76% 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.

Analyst Recommendations for HMS Holdings Corp (NASDAQ:HMSY)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit