HMS (NASDAQ:HMSY) Price Target Increased to $46.00 by Analysts at Canaccord Genuity

HMS (NASDAQ:HMSY) had its target price boosted by Canaccord Genuity from $39.00 to $46.00 in a research report report published on Monday morning, The Fly reports. They currently have a buy rating on the business services provider’s stock.

Several other brokerages also recently commented on HMSY. Zacks Investment Research downgraded HMS from a buy rating to a hold rating in a research report on Friday, May 10th. Chardan Capital raised HMS from a neutral rating to a buy rating and upped their price objective for the company from $37.00 to $41.00 in a research report on Monday, July 1st. BidaskClub raised HMS from a hold rating to a buy rating in a research report on Thursday, July 4th. Credit Suisse Group reaffirmed an outperform rating on shares of HMS in a research report on Wednesday, July 10th. Finally, Cantor Fitzgerald downgraded HMS from an overweight rating to a neutral rating and set a $29.40 price objective on the stock. in a research report on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. HMS currently has a consensus rating of Buy and an average price target of $40.13.

Shares of HMS stock opened at $38.42 on Monday. The firm has a fifty day simple moving average of $33.66. The company has a market cap of $3.41 billion, a P/E ratio of 45.73, a PEG ratio of 3.55 and a beta of 1.39. The company has a quick ratio of 5.34, a current ratio of 6.72 and a debt-to-equity ratio of 0.32. HMS has a 52 week low of $26.22 and a 52 week high of $39.74.

HMS (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, August 2nd. The business services provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.18. The company had revenue of $168.20 million for the quarter, compared to the consensus estimate of $158.25 million. HMS had a return on equity of 15.22% and a net margin of 16.08%. HMS’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. On average, equities analysts anticipate that HMS will post 1 EPS for the current year.

In related news, SVP Greg D. Aunan sold 32,741 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $37.50, for a total transaction of $1,227,787.50. Following the completion of the sale, the senior vice president now directly owns 61,791 shares in the company, valued at approximately $2,317,162.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William C. Lucia sold 1,700 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $31.62, for a total value of $53,754.00. Following the sale, the chief executive officer now owns 143,332 shares of the company’s stock, valued at $4,532,157.84. The disclosure for this sale can be found here. Insiders have sold a total of 205,095 shares of company stock worth $6,575,497 in the last three months. Corporate insiders own 2.87% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bbva USA Bancshares Inc. grew its holdings in HMS by 6.7% during the second quarter. Bbva USA Bancshares Inc. now owns 23,027 shares of the business services provider’s stock worth $746,000 after acquiring an additional 1,454 shares during the period. Chicago Equity Partners LLC acquired a new stake in HMS during the second quarter worth about $387,000. Hillsdale Investment Management Inc. grew its holdings in HMS by 16.7% during the second quarter. Hillsdale Investment Management Inc. now owns 88,950 shares of the business services provider’s stock worth $2,881,000 after acquiring an additional 12,700 shares during the period. Swiss National Bank grew its holdings in HMS by 3.8% during the second quarter. Swiss National Bank now owns 158,700 shares of the business services provider’s stock worth $5,140,000 after acquiring an additional 5,800 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in HMS by 36.7% during the second quarter. Envestnet Asset Management Inc. now owns 56,346 shares of the business services provider’s stock worth $1,825,000 after acquiring an additional 15,117 shares during the period. Hedge funds and other institutional investors own 96.00% of the company’s stock.

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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The Fly

Analyst Recommendations for HMS (NASDAQ:HMSY)

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