HMS Holdings Corp (NASDAQ:HMSY) Receives $40.48 Consensus Price Target from Analysts

Shares of HMS Holdings Corp (NASDAQ:HMSY) have been given an average rating of “Buy” by the twelve research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $40.48.

Several equities research analysts recently weighed in on HMSY shares. Guggenheim upgraded shares of HMS from a “neutral” rating to a “buy” rating in a research note on Friday, November 22nd. Credit Suisse Group decreased their target price on shares of HMS from $45.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. ValuEngine cut shares of HMS from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of HMS from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, November 5th. Finally, BidaskClub cut shares of HMS from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th.

In related news, Director Richard H. Stowe sold 2,766 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $37.43, for a total value of $103,531.38. Following the transaction, the director now directly owns 81,763 shares in the company, valued at $3,060,389.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.87% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd raised its holdings in HMS by 162.5% in the second quarter. Point72 Hong Kong Ltd now owns 953 shares of the business services provider’s stock worth $31,000 after purchasing an additional 590 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of HMS during the second quarter worth about $35,000. Meeder Asset Management Inc. lifted its holdings in shares of HMS by 456.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,197 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 982 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of HMS during the 3rd quarter valued at about $103,000. Finally, FinTrust Capital Advisors LLC acquired a new position in shares of HMS in the 3rd quarter valued at approximately $125,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ HMSY traded up $0.80 during trading hours on Friday, hitting $29.84. 680,608 shares of the stock were exchanged, compared to its average volume of 685,375. HMS has a one year low of $24.43 and a one year high of $40.67. The company’s 50 day moving average is $30.51 and its 200 day moving average is $33.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.68 and a quick ratio of 6.68. The firm has a market capitalization of $2.66 billion, a P/E ratio of 35.52, a P/E/G ratio of 2.63 and a beta of 1.16.

HMS (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, November 1st. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. HMS had a return on equity of 14.28% and a net margin of 16.69%. The company had revenue of $146.82 million for the quarter, compared to the consensus estimate of $165.79 million. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. Research analysts anticipate that HMS will post 1.05 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for HMS (NASDAQ:HMSY)

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