Shares of HMS Holdings Corp (NASDAQ:HMSY) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $20.67.
Several brokerages recently weighed in on HMSY. Wells Fargo reaffirmed an “outperform” rating and issued a $20.00 price target (down previously from $25.50) on shares of HMS in a research report on Wednesday, November 29th. BidaskClub upgraded shares of HMS from a “strong sell” rating to a “sell” rating in a research note on Thursday. Cantor Fitzgerald reiterated a “hold” rating and issued a $16.00 price objective on shares of HMS in a research note on Sunday, November 19th. Robert W. Baird reiterated a “buy” rating on shares of HMS in a research note on Sunday, November 19th. Finally, Canaccord Genuity increased their price objective on shares of HMS from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th.
A number of large investors have recently bought and sold shares of the business. Zions Bancorporation purchased a new stake in shares of HMS during the 3rd quarter worth approximately $116,000. Hartford Investment Management Co. purchased a new stake in shares of HMS during the 3rd quarter worth approximately $228,000. Rathbone Brothers plc purchased a new stake in shares of HMS during the 4th quarter worth approximately $207,000. Xact Kapitalforvaltning AB purchased a new stake in shares of HMS during the 4th quarter worth approximately $226,000. Finally, Koch Industries Inc. purchased a new stake in shares of HMS during the 4th quarter worth approximately $227,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.
Shares of HMS (NASDAQ:HMSY) traded up $0.08 during midday trading on Wednesday, reaching $17.46. 927,650 shares of the company traded hands, compared to its average volume of 642,159. HMS has a twelve month low of $11.01 and a twelve month high of $20.90. The company has a market cap of $1,440.65, a PE ratio of 37.96, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.16 and a current ratio of 3.16.
HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, February 23rd. The business services provider reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). HMS had a net margin of 7.56% and a return on equity of 7.33%. The business had revenue of $148.49 million during the quarter, compared to the consensus estimate of $136.77 million. During the same period in the previous year, the business posted $0.20 EPS. HMS’s revenue was up 18.2% compared to the same quarter last year. equities analysts predict that HMS will post 0.65 EPS for the current fiscal year.
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HMS 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.
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