HMS Holdings Corp (HMSY) Sets New 52-Week Low on Disappointing Earnings

HMS Holdings Corp (NASDAQ:HMSY)’s share price reached a new 52-week low on Friday following a dissappointing earnings announcement. The stock traded as low as $14.36 and last traded at $0.00, with a volume of shares changing hands. The business services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The company had revenue of $125.70 million for the quarter, compared to analysts’ expectations of $147.62 million. HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS.

A number of analysts recently commented on HMSY shares. UBS Group AG (USA) 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 research report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $21.50 price target on shares of HMS Holdings Corp in a research report on Wednesday, July 19th. Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 price target on shares of HMS Holdings Corp in a research report on Monday, October 30th. Finally, BidaskClub lowered shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company. HMS Holdings Corp currently has an average rating of “Buy” and an average price target of $22.94.

In other HMS Holdings Corp news, EVP Cynthia Nustad sold 22,907 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $17.64, for a total transaction of $404,079.48. Following the transaction, the executive vice president now owns 73,877 shares of the company’s stock, valued at approximately $1,303,190.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman William C. Lucia sold 29,894 shares of the firm’s stock in a transaction dated 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 directly owns 222,745 shares in the company, valued at approximately $4,454,900. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,675 shares of company stock worth $1,602,166. Corporate insiders own 3.20% of the company’s stock.

Several large investors have recently bought and sold shares of HMSY. BlackRock Inc. boosted its position in shares of HMS Holdings Corp by 136,087.1% during the 1st quarter. BlackRock Inc. now owns 10,239,908 shares of the business services provider’s stock valued at $208,179,000 after purchasing an additional 10,232,389 shares in the last quarter. Cambiar Investors LLC acquired a new position in shares of HMS Holdings Corp in the second quarter worth about $14,895,000. Vanguard Group Inc. boosted its holdings in shares of HMS Holdings Corp by 5.8% in the first quarter. Vanguard Group Inc. now owns 8,363,369 shares of the business services provider’s stock worth $170,028,000 after buying an additional 455,459 shares during the period. Kornitzer Capital Management Inc. KS acquired a new position in shares of HMS Holdings Corp in the third quarter worth about $8,673,000. Finally, Peregrine Capital Management LLC acquired a new stake in shares of HMS Holdings Corp during the second quarter worth approximately $6,464,000. Institutional investors own 93.06% of the company’s stock.

The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 2.36 and a beta of 0.94.

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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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