Jefferies Group LLC restated their hold rating on shares of HMS Holdings Corp (NASDAQ:HMSY) in a research note released on Friday, June 16th. They currently have a $21.50 price objective on the business services provider’s stock.
A number of other equities analysts also recently weighed in on HMSY. TheStreet upgraded HMS Holdings Corp from a c+ rating to a b- rating in a report on Monday, March 13th. Zacks Investment Research upgraded HMS Holdings Corp from a hold rating to a buy rating and set a $22.00 target price on the stock in a report on Friday, April 14th. Oppenheimer Holdings, Inc. set a $25.00 target price on HMS Holdings Corp and gave the company a buy rating in a report on Friday, February 17th. Finally, First Analysis downgraded HMS Holdings Corp from an overweight rating to an equal weight rating and dropped their target price for the company from $24.00 to $21.00 in a report on Monday, February 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $23.06.
Shares of HMS Holdings Corp (NASDAQ HMSY) opened at 18.58 on Friday. The stock has a market capitalization of $1.56 billion, a P/E ratio of 46.45 and a beta of 1.07. HMS Holdings Corp has a 12-month low of $15.94 and a 12-month high of $24.00. The company has a 50-day moving average of $18.65 and a 200-day moving average of $18.81.
HMS Holdings Corp (NASDAQ:HMSY) last posted its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. HMS Holdings Corp had a net margin of 6.92% and a return on equity of 9.70%. The firm had revenue of $114.50 million for the quarter, compared to analysts’ expectations of $120.08 million. During the same period in the prior year, the company posted $0.14 earnings per share. HMS Holdings Corp’s quarterly revenue was down 4.4% compared to the same quarter last year. Equities analysts expect that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.
In related news, Director Bart M. Schwartz purchased 1,500 shares of the stock in a transaction on Monday, June 12th. The shares were bought at an average price of $19.28 per share, for a total transaction of $28,920.00. Following the completion of the acquisition, the director now directly owns 46,868 shares in the company, valued at approximately $903,615.04. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Semone Neuman sold 14,546 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $19.00, for a total value of $276,374.00. Following the completion of the sale, the executive vice president now directly owns 122,685 shares of the company’s stock, valued at $2,331,015. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Fox Run Management L.L.C. acquired a new stake in HMS Holdings Corp during the second quarter valued at $198,000. Goldman Sachs Group Inc. boosted its stake in HMS Holdings Corp by 0.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,370,853 shares of the business services provider’s stock valued at $27,869,000 after buying an additional 3,998 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in HMS Holdings Corp by 38.5% in the first quarter. Tudor Investment Corp ET AL now owns 47,184 shares of the business services provider’s stock valued at $959,000 after buying an additional 13,122 shares in the last quarter. Paloma Partners Management Co boosted its stake in HMS Holdings Corp by 72.2% in the first quarter. Paloma Partners Management Co now owns 31,619 shares of the business services provider’s stock valued at $643,000 after buying an additional 13,255 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in HMS Holdings Corp by 0.7% in the first quarter. AQR Capital Management LLC now owns 287,619 shares of the business services provider’s stock valued at $5,848,000 after buying an additional 1,922 shares in the last quarter. 94.01% of the stock is owned by institutional investors.
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.
Receive News & Ratings for HMS Holdings Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS Holdings Corp and related companies with MarketBeat.com's FREE daily email newsletter.