HMS Holdings Corp. (NASDAQ:HMSY) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $18.58 and last traded at $18.56, with a volume of 158,958 shares changing hands. The stock had previously closed at $17.80.

Several brokerages have recently issued reports on HMSY. Wells Fargo & Co. reiterated a “buy” rating on shares of HMS Holdings Corp. in a report on Tuesday, May 31st. Zacks Investment Research upgraded HMS Holdings Corp. from a “sell” rating to a “hold” rating in a report on Tuesday. Jefferies Group reiterated a “buy” rating and set a $19.00 price target on shares of HMS Holdings Corp. in a report on Tuesday, May 24th. Credit Suisse Group AG began coverage on HMS Holdings Corp. in a report on Wednesday, June 1st. They set an “outperform” rating and a $19.00 price target for the company. Finally, Avondale Partners began coverage on HMS Holdings Corp. in a report on Tuesday, April 12th. They set an “outperform” rating and a $18.00 price target for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $19.20.

The stock has a market capitalization of $1.56 billion and a P/E ratio of 63.75. The firm has a 50-day moving average of $17.43 and a 200-day moving average of $14.36.

HMS Holdings Corp. (NASDAQ:HMSY) last released its quarterly earnings data on Friday, May 6th. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.02. During the same period last year, the business earned $0.11 EPS. The firm had revenue of $119.80 million for the quarter, compared to analyst estimates of $115 million. The company’s revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that HMS Holdings Corp. will post $0.64 EPS for the current fiscal year.

In other HMS Holdings Corp. news, EVP Semone Neuman sold 5,124 shares of HMS Holdings Corp. stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $17.60, for a total transaction of $90,182.40. Following the transaction, the executive vice president now directly owns 106,200 shares of the company’s stock, valued at approximately $1,869,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William C. Lucia sold 152,025 shares of HMS Holdings Corp. stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $17.75, for a total value of $2,698,443.75. Following the transaction, the chief executive officer now directly owns 205,918 shares in the company, valued at $3,655,044.50. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in HMSY. Rhumbline Advisers increased its position in shares of HMS Holdings Corp. by 10.1% in the fourth quarter. Rhumbline Advisers now owns 107,671 shares of the company’s stock valued at $1,329,000 after buying an additional 9,905 shares during the last quarter. California State Teachers Retirement System increased its position in shares of HMS Holdings Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 164,090 shares of the company’s stock valued at $2,025,000 after buying an additional 2,881 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of HMS Holdings Corp. by 128.6% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 322,717 shares of the company’s stock valued at $3,982,000 after buying an additional 181,517 shares during the last quarter. Century Capital Management LLC bought a new position in shares of HMS Holdings Corp. during the fourth quarter valued at approximately $3,992,000. Finally, Bank of Montreal Can increased its position in shares of HMS Holdings Corp. by 23.4% in the fourth quarter. Bank of Montreal Can now owns 413,638 shares of the company’s stock valued at $5,105,000 after buying an additional 78,369 shares during the last quarter.

HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. The Company provides coordination of benefits services to government, and private healthcare payers and sponsors. The Company’s customers are government health agencies, including Centers for Medicare & Medicaid Services (CMS), the Veterans Health Administration (VHA) and state Medicaid agencies; commercial health plans, including Medicaid managed care, Medicare Advantage and group and individual health lines of business; government and private employers; child support agencies, and other healthcare payers and sponsors.

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