HMS Holdings Corp. (NASDAQ:HMSY) saw strong trading volume on Thursday . 991,110 shares traded hands during mid-day trading, an increase of 109% from the previous session’s volume of 473,399 shares.The stock last traded at $19.68 and had previously closed at $19.71.

Several research analysts have commented on the company. Wells Fargo & Co. reissued a “buy” rating on shares of HMS Holdings Corp. in a research report on Tuesday, May 31st. Zacks Investment Research raised HMS Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Jefferies Group reaffirmed a “buy” rating and set a $19.00 target price on shares of HMS Holdings Corp. in a research report on Tuesday, May 24th. Credit Suisse Group AG assumed coverage on HMS Holdings Corp. in a research report on Wednesday, June 1st. They set an “outperform” rating and a $19.00 target price on the stock. Finally, Avondale Partners assumed coverage on HMS Holdings Corp. in a research report on Tuesday, April 12th. They set an “outperform” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $19.20.

The stock has a market capitalization of $1.67 billion and a PE ratio of 68.08. The firm’s 50 day moving average is $18.25 and its 200 day moving average is $14.98.

HMS Holdings Corp. (NASDAQ:HMSY) last posted 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 analysts’ expectations of $115 million. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. On average, equities research analysts anticipate that HMS Holdings Corp. will post $0.64 EPS for the current year.

In related news, EVP Semone Neuman sold 5,124 shares of the company’s 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 sale, the executive vice president now directly owns 106,200 shares in the company, valued at $1,869,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William C. Lucia sold 152,025 shares of the company’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $17.75, for a total transaction of $2,698,443.75. Following the completion of the sale, the chief executive officer now owns 205,918 shares of the company’s stock, valued at $3,655,044.50. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of HMSY. Rhumbline Advisers boosted its stake 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 worth $1,329,000 after buying an additional 9,905 shares in the last quarter. California State Teachers Retirement System boosted its stake 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 worth $2,025,000 after buying an additional 2,881 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake 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 in the last quarter. Century Capital Management LLC acquired a new stake in shares of HMS Holdings Corp. during the fourth quarter worth about $3,992,000. Finally, Bank of Montreal Can boosted its stake 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 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. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate.

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