HMS Holdings Corp. (HMSY) Reaches New 1-Year High at $18.58
Shares of HMS Holdings Corp. (NASDAQ:HMSY) reached 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 trading hands. The stock had previously closed at $17.80.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of HMS Holdings Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Credit Suisse Group AG assumed coverage on shares of HMS Holdings Corp. in a report on Wednesday, June 1st. They issued an “outperform” rating and a $19.00 price target on the stock. Wells Fargo & Co. reaffirmed a “buy” rating on shares of HMS Holdings Corp. in a report on Tuesday, May 31st. Jefferies Group reaffirmed a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of HMS Holdings Corp. in a report on Monday, May 9th. Finally, Oppenheimer Holdings Inc. upgraded shares of HMS Holdings Corp. from a “sector perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Friday, April 29th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.20.
The stock has a market capitalization of $1.56 billion and a price-to-earnings ratio of 63.75. The company has a 50-day moving average of $17.43 and a 200-day moving average of $14.36.
HMS Holdings Corp. (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, May 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $119.80 million for the quarter, compared to analyst estimates of $115 million. During the same quarter last year, the business earned $0.11 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts expect 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 the stock in a transaction that occurred on 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 owns 106,200 shares in the company, valued at $1,869,120. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert M. Holster sold 20,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $17.58, for a total value of $351,600.00. Following the transaction, the director now owns 102,188 shares in the company, valued at approximately $1,796,465.04. The disclosure for this sale can be found here.
Other large investors have bought and sold shares of the company. Rhumbline Advisers boosted its stake in 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 in the last quarter. California State Teachers Retirement System boosted its stake in 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 in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in 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 in the last quarter. Century Capital Management LLC acquired a new stake in HMS Holdings Corp. during the fourth quarter valued at $3,992,000. Finally, Bank of Montreal Can boosted its stake in 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 in 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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