HMS (NASDAQ:HMSY) Earns Sector Weight Rating from Analysts at KeyCorp

KeyCorp initiated coverage on shares of HMS (NASDAQ:HMSY) in a research note published on Monday morning, Benzinga reports. The firm issued a sector weight rating and a $31.86 target price on the business services provider’s stock.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of HMS from a hold rating to a buy rating and set a $35.00 price objective for the company in a research note on Thursday, May 9th. BidaskClub upgraded shares of HMS from a hold rating to a buy rating in a report on Friday, April 26th. Cantor Fitzgerald lowered HMS from an overweight rating to a neutral rating and set a $29.40 price target on the stock. in a research note on Wednesday, April 17th. William Blair restated an outperform rating on shares of HMS in a research note on Thursday, March 14th. Finally, Guggenheim started coverage on HMS in a research report on Wednesday, April 17th. They issued a buy rating on the stock. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $33.02.

Shares of NASDAQ:HMSY opened at $30.97 on Monday. The business has a 50 day simple moving average of $30.87. HMS has a twelve month low of $21.46 and a twelve month high of $38.15. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 0.34. The company has a market cap of $2.68 billion, a PE ratio of 36.87, a PEG ratio of 2.72 and a beta of 1.46.

HMS (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, May 3rd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.16. HMS had a net margin of 11.28% and a return on equity of 14.02%. The business had revenue of $148.00 million during the quarter, compared to analyst estimates of $144.13 million. During the same period last year, the firm posted $0.22 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equities analysts forecast that HMS will post 1.03 earnings per share for the current year.

In other HMS news, insider Meredith W. Bjorck sold 2,362 shares of HMS 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 transaction, the insider now directly owns 51,755 shares in the company, valued at approximately $1,557,825.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman William C. Lucia sold 1,200 shares of HMS stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $31.04, for a total value of $37,248.00. Following the completion of the transaction, the chairman now owns 143,632 shares in the company, valued at $4,458,337.28. The disclosure for this sale can be found here. Insiders sold a total of 182,670 shares of company stock worth $5,662,198 over the last quarter. Company insiders own 2.87% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC purchased a new stake in shares of HMS in the first quarter valued at approximately $25,000. Financial Gravity Wealth Inc. purchased a new stake in shares of HMS in the first quarter valued at approximately $46,000. Quadrant Capital Group LLC boosted its stake in shares of HMS by 97.4% in the first quarter. Quadrant Capital Group LLC now owns 1,601 shares of the business services provider’s stock valued at $46,000 after buying an additional 790 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of HMS in the first quarter valued at approximately $115,000. Finally, NumerixS Investment Technologies Inc boosted its stake in shares of HMS by 84.3% in 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 in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

About HMS

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.

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Analyst Recommendations for HMS (NASDAQ:HMSY)

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