Headlines about HMS Holdings Corp (NASDAQ:HMSY) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HMS Holdings Corp earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 47.141706449436 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- HMS Holdings Corp (HMSY) Initiates Share Buyback Program (americanbankingnews.com)
- HMS Holdings Corp. Q3 Income Retreats 21% (markets.businessinsider.com)
- HMS Holdings (HMSY) Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- What Should Investors Know About HMS Holdings Corp’s (HMSY) Growth? (finance.yahoo.com)
- Edited Transcript of HMSY earnings conference call or presentation 3-Nov-17 12:30pm GMT (finance.yahoo.com)
Several equities analysts have recently commented on the company. BidaskClub cut HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, August 1st. Jefferies Group LLC reiterated a “hold” rating and set a $21.50 target price on shares of HMS Holdings Corp in a research note on Wednesday, July 19th. Canaccord Genuity began coverage on HMS Holdings Corp in a research note on Tuesday, July 11th. They set a “buy” rating and a $22.00 target price for the company. Finally, UBS Group AG (USA) raised HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. HMS Holdings Corp presently has a consensus rating of “Buy” and an average target price of $22.94.
HMS Holdings Corp (NASDAQ HMSY) traded down $3.37 during mid-day trading on Friday, hitting $15.57. The company had a trading volume of 9,140,722 shares, compared to its average volume of 421,362. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 30.95, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94.
HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. The company had revenue of $125.70 million for the quarter, compared to analyst estimates of $147.62 million. During the same quarter in the previous year, the company posted $0.24 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities research analysts expect that HMS Holdings Corp will post 0.69 earnings per share for the current year.
HMS Holdings Corp declared that its Board of Directors has initiated a share buyback plan on Friday, November 3rd that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In other HMS Holdings Corp news, Chairman William C. Lucia sold 29,894 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $20.00, for a total transaction of $597,880.00. Following the transaction, the chairman now owns 222,745 shares in the company, valued at approximately $4,454,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 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. Insiders have sold a total of 86,675 shares of company stock worth $1,602,166 in the last 90 days. 3.20% of the stock is currently owned by company insiders.
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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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