HMS (NASDAQ:HMSY) Upgraded to Strong-Buy by BidaskClub

BidaskClub upgraded shares of HMS (NASDAQ:HMSY) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

Several other equities research analysts also recently weighed in on the stock. Leerink Swann began coverage on shares of HMS in a research report on Monday. They set an outperform rating and a $50.00 price target for the company. Canaccord Genuity raised their price target on shares of HMS from $39.00 to $46.00 and gave the company a buy rating in a research report on Monday. Zacks Investment Research downgraded shares of HMS from a buy rating to a hold rating in a research report on Friday, May 10th. Guggenheim began coverage on shares of HMS in a research report on Wednesday, April 17th. They set a buy rating for the company. Finally, Chardan Capital raised shares of HMS from a neutral rating to a buy rating and raised their price target for the company from $37.00 to $41.00 in a research report on Monday, July 1st. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $42.10.

Shares of NASDAQ HMSY opened at $38.19 on Tuesday. The company has a market capitalization of $3.41 billion, a P/E ratio of 45.46, a price-to-earnings-growth 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. The firm’s 50 day simple moving average is $33.80. HMS has a fifty-two week low of $26.22 and a fifty-two week high of $39.74.

HMS (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.18. The company had revenue of $168.20 million during the quarter, compared to the consensus estimate of $158.25 million. HMS had a net margin of 16.08% and a return on equity of 15.22%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. As a group, research analysts forecast that HMS will post 1 earnings per share for the current year.

In other news, SVP Greg D. Aunan sold 32,741 shares of HMS stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $37.50, for a total transaction of $1,227,787.50. Following the transaction, the senior vice president now owns 61,791 shares in the company, valued at approximately $2,317,162.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman William C. Lucia sold 22,978 shares of HMS stock in a transaction on Friday, May 17th. The stock was sold at an average price of $31.79, for a total transaction of $730,470.62. Following the transaction, the chairman now owns 143,332 shares in the company, valued at approximately $4,556,524.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 205,095 shares of company stock valued at $6,575,497. 2.87% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. GW&K Investment Management LLC increased its holdings in shares of HMS by 7.1% in the 2nd quarter. GW&K Investment Management LLC now owns 413,582 shares of the business services provider’s stock worth $13,396,000 after buying an additional 27,300 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of HMS by 6.8% in the 2nd quarter. Wells Fargo & Company MN now owns 192,824 shares of the business services provider’s stock worth $6,245,000 after buying an additional 12,276 shares during the last quarter. Bbva USA Bancshares Inc. increased its holdings in shares of HMS by 6.7% in the 2nd quarter. Bbva USA Bancshares Inc. now owns 23,027 shares of the business services provider’s stock worth $746,000 after buying an additional 1,454 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of HMS in the 2nd quarter worth about $387,000. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of HMS by 16.7% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 88,950 shares of the business services provider’s stock worth $2,881,000 after buying an additional 12,700 shares during the last quarter. Institutional investors and hedge funds 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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Analyst Recommendations for HMS (NASDAQ:HMSY)

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