HMS Holdings Corp (HMSY) Receives Average Rating of “Buy” from Analysts

HMS Holdings Corp (NASDAQ:HMSY) has received a consensus rating of “Buy” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $32.93.

Several equities research analysts recently commented on the company. Zacks Investment Research cut HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. BidaskClub cut HMS from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $34.00 target price on shares of HMS in a research note on Friday, February 22nd.

Shares of HMSY opened at $27.64 on Thursday. HMS has a 1 year low of $17.11 and a 1 year high of $38.15. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.64 billion, a PE ratio of 32.90, a P/E/G ratio of 2.84 and a beta of 1.61.

HMS (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, February 22nd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. HMS had a return on equity of 14.21% and a net margin of 9.19%. The company had revenue of $155.80 million during the quarter, compared to the consensus estimate of $155.84 million. During the same period last year, the company earned $0.24 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, research analysts anticipate that HMS will post 0.97 EPS for the current fiscal year.

In other HMS news, insider Meredith W. Bjorck sold 2,362 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $30.10, for a total value of $71,096.20. Following the completion of the sale, the insider now owns 51,755 shares of the company’s stock, valued at $1,557,825.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Meredith W. Bjorck sold 7,954 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $30.60, for a total value of $243,392.40. Following the completion of the sale, the insider now directly owns 51,755 shares of the company’s stock, valued at approximately $1,583,703. The disclosure for this sale can be found here. Insiders have sold 1,018,795 shares of company stock valued at $35,023,853 in the last ninety days. 4.54% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in HMSY. We Are One Seven LLC purchased a new position in shares of HMS during the fourth quarter valued at approximately $84,000. BlueMountain Capital Management LLC purchased a new position in shares of HMS during the third quarter valued at approximately $146,000. LS Investment Advisors LLC boosted its position in shares of HMS by 80.0% during the fourth quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock valued at $141,000 after buying an additional 2,230 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of HMS by 11.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,826 shares of the business services provider’s stock valued at $164,000 after buying an additional 592 shares during the last quarter. Finally, NumerixS Investment Technologies Inc boosted its position in shares of HMS by 84.3% during the fourth quarter. NumerixS Investment Technologies Inc now owns 6,818 shares of the business services provider’s stock valued at $192,000 after buying an additional 3,118 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

HMS Company Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.

Further Reading: Percentage Decliners

Analyst Recommendations for HMS (NASDAQ:HMSY)

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