HMS Holdings Corp (NASDAQ:HMSY)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity in a report issued on Monday. They presently have a $22.00 price target on the business services provider’s stock. Canaccord Genuity’s target price points to a potential upside of 14.05% from the stock’s current price.
A number of other research firms have also weighed in on HMSY. UBS AG raised shares of HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a report on Thursday, August 10th. Zacks Investment Research lowered shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $21.50 target price on shares of HMS Holdings Corp in a report on Wednesday, July 19th. BidaskClub lowered shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, Raymond James Financial, Inc. raised shares of HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. HMS Holdings Corp presently has a consensus rating of “Buy” and a consensus price target of $22.94.
HMS Holdings Corp (HMSY) opened at 19.29 on Monday. The company has a market capitalization of $1.62 billion, a PE ratio of 54.96 and a beta of 1.13. HMS Holdings Corp has a one year low of $15.94 and a one year high of $21.83. The stock’s 50 day moving average is $19.32 and its 200 day moving average is $18.96.
HMS Holdings Corp (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). The business had revenue of $133.31 million for the quarter, compared to analysts’ expectations of $135.96 million. HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, analysts anticipate that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.
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In other news, Chairman William C. Lucia sold 29,894 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $20.00, for a total value of $597,880.00. Following the transaction, the chairman now owns 222,745 shares of the company’s stock, valued at approximately $4,454,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas M. Williams sold 13,140 shares of the stock in a transaction on Wednesday, August 9th. The stock was 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 directly owns 121,264 shares in the company, valued at approximately $2,156,073.92. The disclosure for this sale can be found here. Insiders sold a total of 86,675 shares of company stock worth $1,602,166 in the last three months. Insiders own 3.20% of the company’s stock.
Large investors have recently modified their holdings of the company. Riverhead Capital Management LLC increased its holdings in shares of HMS Holdings Corp by 80.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after buying an additional 2,492 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of HMS Holdings Corp in the 2nd quarter worth $198,000. Oppenheimer & Co. Inc. increased its holdings in shares of HMS Holdings Corp by 1.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after buying an additional 200 shares during the last quarter. Amalgamated Bank increased its holdings in shares of HMS Holdings Corp by 3.8% in the 2nd 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. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of HMS Holdings Corp in the 1st quarter worth $268,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.
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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