Brokerages expect that HMS Holdings Corp (NASDAQ:HMSY) will post earnings per share (EPS) of $0.22 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for HMS Holdings Corp’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.23. HMS Holdings Corp reported earnings per share of $0.24 in the same quarter last year, which indicates a negative year-over-year growth rate of 8.3%. The company is expected to issue its next earnings report on Wednesday, November 8th.
On average, analysts expect that HMS Holdings Corp will report full-year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.79 to $0.83. For the next fiscal year, analysts forecast that the firm will report earnings of $0.93 per share, with EPS estimates ranging from $0.87 to $0.96. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover HMS Holdings Corp.
HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, August 4th. The business services provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). The company had revenue of $133.31 million during the quarter, compared to the consensus estimate of $135.96 million. HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. HMS Holdings Corp’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS.
A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Tuesday, August 1st. Cantor Fitzgerald reiterated a “buy” rating and set a $23.00 price objective on shares of HMS Holdings Corp in a research report on Tuesday, September 26th. BidaskClub cut shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and set a $21.50 price objective on shares of HMS Holdings Corp in a research report on Friday, June 16th. Finally, Canaccord Genuity assumed coverage on shares of HMS Holdings Corp in a research report on Tuesday, July 11th. They set a “buy” rating and a $22.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.94.
Shares of HMS Holdings Corp (HMSY) traded down 0.131% during trading on Tuesday, hitting $19.005. 129,142 shares of the stock were exchanged. The firm has a 50 day moving average of $18.89 and a 200-day moving average of $19.00. The stock has a market cap of $1.60 billion, a PE ratio of 54.145 and a beta of 1.14. HMS Holdings Corp has a 52-week low of $15.94 and a 52-week high of $22.05.
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In other news, insider Douglas M. Williams sold 13,140 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $17.78, for a total transaction of $233,629.20. Following the completion of the sale, the insider now directly owns 121,264 shares of the company’s stock, valued at $2,156,073.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman William C. Lucia sold 29,894 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $20.00, for a total transaction of $597,880.00. Following the sale, the chairman now directly owns 222,745 shares of the company’s stock, valued at $4,454,900. The disclosure for this sale can be found here. Insiders have sold 86,675 shares of company stock valued at $1,602,166 over the last three months. Insiders own 3.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Riverhead Capital Management LLC lifted its stake in HMS Holdings Corp by 80.4% in the second quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after acquiring an additional 2,492 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in HMS Holdings Corp in the first quarter worth about $148,000. Koch Industries Inc. purchased a new stake in HMS Holdings Corp in the second quarter worth about $197,000. Fox Run Management L.L.C. purchased a new stake in HMS Holdings Corp in the second quarter worth about $198,000. Finally, Oppenheimer & Co. Inc. lifted its stake in HMS Holdings Corp by 1.9% in the second quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after acquiring an additional 200 shares during the period. 93.09% of the stock is owned by hedge funds and other institutional investors.
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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