HMS Holdings Corp. (NASDAQ:HMSY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.00 and last traded at $19.30, with a volume of 266,544 shares trading hands. The stock had previously closed at $19.31.

HMSY has been the subject of several research analyst reports. Wells Fargo & Co. reiterated a “buy” rating on shares of HMS Holdings Corp. in a research report on Thursday, March 24th. Credit Suisse Group AG initiated coverage on HMS Holdings Corp. in a research report on Wednesday, June 1st. They issued an “outperform” rating and a $19.00 price objective for the company. Jefferies Group restated a “buy” rating and set a $19.00 target price on shares of HMS Holdings Corp. in a research report on Tuesday, May 24th. Zacks Investment Research downgraded HMS Holdings Corp. from a “buy” rating to a “sell” rating in a research report on Thursday, May 26th. Finally, Oppenheimer Holdings Inc. upgraded 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 report on Friday, April 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $19.20.

The company has a market capitalization of $1.62 billion and a price-to-earnings ratio of 66.22. The company has a 50 day moving average price of $17.71 and a 200 day moving average price of $14.50.

HMS Holdings Corp. (NASDAQ:HMSY) last issued its earnings results on Friday, May 6th. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.02. The business earned $119.80 million during the quarter, compared to analyst estimates of $115 million. During the same period in the prior year, the business posted $0.11 EPS. The company’s revenue for the quarter 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 year.

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

Other hedge funds and institutional investors have recently made changes to their positions in the company. American Capital Management Inc. boosted its position in shares of HMS Holdings Corp. by 18.2% in the fourth quarter. American Capital Management Inc. now owns 1,648,000 shares of the company’s stock worth $20,336,000 after buying an additional 253,325 shares during the last quarter. Century Capital Management LLC purchased a new position in shares of HMS Holdings Corp. during the fourth quarter worth approximately $3,992,000. Principal Financial Group Inc. boosted its position in shares of HMS Holdings Corp. by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 586,133 shares of the company’s stock worth $7,233,000 after buying an additional 6,063 shares during the last quarter. Bank of Montreal Can boosted 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 worth $5,105,000 after buying an additional 78,369 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted 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 worth $3,982,000 after buying an additional 181,517 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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