HMS Holdings Corp (HMSY) Given Consensus Recommendation of “Buy” by Analysts

Shares of HMS Holdings Corp (NASDAQ:HMSY) have received an average recommendation of “Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $23.21.

HMSY has been the topic of several research reports. BidaskClub lowered shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a report on Thursday. UBS AG upgraded shares of HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a research note on Thursday. Raymond James Financial, Inc. upgraded shares of HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research report on Thursday. Zacks Investment Research cut shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Jefferies Group LLC reissued a “hold” rating and set a $21.50 target price on shares of HMS Holdings Corp in a research note on Wednesday, July 19th.

HMS Holdings Corp (HMSY) opened at 17.67 on Tuesday. The stock has a 50 day moving average price of $18.96 and a 200 day moving average price of $18.92. HMS Holdings Corp has a 12-month low of $15.94 and a 12-month high of $24.00. The stock has a market cap of $1.49 billion, a P/E ratio of 50.34 and a beta of 1.08.

HMS Holdings Corp (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, August 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The firm had revenue of $133.31 million during the quarter, compared to the consensus estimate of $135.96 million. HMS Holdings Corp had a return on equity of 4.61% and a net margin of 4.89%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. On average, analysts forecast that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.

In other news, Director Bart M. Schwartz purchased 1,500 shares of the stock in a transaction dated Monday, June 12th. The stock was acquired at an average cost of $19.28 per share, for a total transaction of $28,920.00. Following the completion of the acquisition, the director now directly owns 46,868 shares in the company, valued at approximately $903,615.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Semone Neuman sold 14,546 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $19.00, for a total transaction of $276,374.00. Following the completion of the sale, the executive vice president now directly owns 122,685 shares in the company, valued at $2,331,015. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank boosted its position in HMS Holdings Corp by 3.8% in the second quarter. Amalgamated Bank now owns 11,574 shares of the business services provider’s stock worth $214,000 after buying an additional 419 shares during the last quarter. Ameriprise Financial Inc. boosted its position in HMS Holdings Corp by 0.7% in the second quarter. Ameriprise Financial Inc. now owns 442,218 shares of the business services provider’s stock worth $8,181,000 after buying an additional 2,921 shares during the last quarter. Icon Advisers Inc. Co. purchased a new position in HMS Holdings Corp during the second quarter worth approximately $869,000. TIAA CREF Investment Management LLC boosted its position in HMS Holdings Corp by 21.4% in the second quarter. TIAA CREF Investment Management LLC now owns 411,920 shares of the business services provider’s stock worth $7,621,000 after buying an additional 72,731 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in HMS Holdings Corp by 9.8% in the second quarter. Teachers Advisors LLC now owns 790,617 shares of the business services provider’s stock worth $14,626,000 after buying an additional 70,710 shares during the last quarter. 94.76% of the stock is currently owned by institutional investors and hedge funds.

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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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