HMS (NASDAQ:HMSY) Downgraded to “Hold” at BidaskClub

BidaskClub cut shares of HMS (NASDAQ:HMSY) from a buy rating to a hold rating in a research report sent to investors on Wednesday, March 27th, BidAskClub reports.

A number of other equities research analysts also recently issued reports on HMSY. Zacks Investment Research downgraded shares of HMS from a buy rating to a hold rating in a research note on Friday, January 18th. William Blair reiterated an outperform rating on shares of HMS in a research report on Thursday, March 14th. Finally, Cantor Fitzgerald reiterated a hold rating and set a $34.00 price objective on shares of HMS in a research report on Friday, February 22nd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $33.04.

NASDAQ:HMSY traded up $0.47 during trading hours on Wednesday, hitting $28.11. 682,959 shares of the stock traded hands, compared to its average volume of 530,245. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.40 and a quick ratio of 4.40. HMS has a 1 year low of $17.11 and a 1 year high of $38.15. The company has a market capitalization of $2.45 billion, a P/E ratio of 33.46, a P/E/G ratio of 2.64 and a beta of 1.61.

HMS (NASDAQ:HMSY) last released its earnings results on Friday, February 22nd. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. HMS had a net margin of 9.19% and a return on equity of 14.21%. The firm had revenue of $155.80 million for the quarter, compared to the consensus estimate of $155.84 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that HMS will post 0.97 earnings per share for the current fiscal year.

In other HMS news, insider Meredith W. Bjorck sold 7,954 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $30.60, for a total transaction of $243,392.40. Following the transaction, the insider now directly owns 51,755 shares in the company, valued at approximately $1,583,703. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Meredith W. Bjorck sold 2,362 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $30.10, for a total transaction of $71,096.20. Following the transaction, the insider now owns 51,755 shares in the company, valued at $1,557,825.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,018,795 shares of company stock worth $35,023,853. Company insiders own 2.87% of the company’s stock.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of HMS by 2.1% during the fourth quarter. BlackRock Inc. now owns 12,449,568 shares of the business services provider’s stock valued at $350,208,000 after buying an additional 260,935 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of HMS by 2.7% during the third quarter. Vanguard Group Inc. now owns 8,382,915 shares of the business services provider’s stock valued at $275,045,000 after buying an additional 216,531 shares during the last quarter. Vanguard Group Inc lifted its position in shares of HMS by 2.7% during the third quarter. Vanguard Group Inc now owns 8,382,915 shares of the business services provider’s stock valued at $275,045,000 after buying an additional 216,531 shares during the last quarter. Standard Life Aberdeen plc lifted its position in shares of HMS by 8.8% during the fourth quarter. Standard Life Aberdeen plc now owns 1,677,850 shares of the business services provider’s stock valued at $47,341,000 after buying an additional 135,599 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of HMS during the fourth quarter valued at about $42,907,000. Institutional investors own 95.47% 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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