Jefferies Group LLC Reaffirms “Neutral” Rating for HMS Holdings Corp (HMSY)

HMS Holdings Corp (NASDAQ:HMSY)‘s stock had its “neutral” rating reissued by equities research analysts at Jefferies Group LLC in a report issued on Sunday.

A number of other research analysts 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 research report on Thursday, August 10th. BidaskClub lowered shares of HMS Holdings Corp from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 price objective on shares of HMS Holdings Corp in a research report on Monday, October 30th. 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. 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 price objective for the company 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 has a consensus rating of “Buy” and an average price target of $22.94.

HMS Holdings Corp (NASDAQ:HMSY) opened at $15.57 on Friday. The stock has a market capitalization of $1,308.61, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 1.95 and a beta of 0.94.

HMS Holdings Corp (NASDAQ:HMSY) last released its earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). The firm had revenue of $125.70 million for the quarter, compared to analyst estimates 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 revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. research analysts anticipate that HMS Holdings Corp will post 0.69 EPS for the current year.

HMS Holdings Corp announced that its board has authorized a share buyback plan on Friday, November 3rd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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In related news, insider Douglas M. Williams sold 13,140 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $17.78, for a total value of $233,629.20. Following the sale, the insider now owns 121,264 shares of the company’s stock, valued at $2,156,073.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman William C. Lucia sold 29,894 shares of the company’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 completion of the sale, 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 three months, insiders sold 86,675 shares of company stock worth $1,602,166. 3.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of HMSY. BlackRock Inc. increased its stake in HMS Holdings Corp by 136,087.1% in the first quarter. BlackRock Inc. now owns 10,239,908 shares of the business services provider’s stock valued at $208,179,000 after acquiring an additional 10,232,389 shares during the period. Cambiar Investors LLC bought a new stake in HMS Holdings Corp in the second quarter valued at about $14,895,000. Vanguard Group Inc. grew its stake in HMS Holdings Corp by 5.8% during 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 last quarter. Kornitzer Capital Management Inc. KS bought a new stake in HMS Holdings Corp during the third quarter worth about $8,673,000. Finally, Peregrine Capital Management LLC bought a new stake in HMS Holdings Corp during the second quarter worth about $6,464,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

About HMS Holdings Corp

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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