HMS Holdings Corp. (NASDAQ:HMSY) reached a new 52-week high on Friday . The stock traded as high as $20.09 and last traded at $19.67, with a volume of 244,557 shares traded. The stock had previously closed at $19.81.

Several equities research analysts have recently weighed in on HMSY shares. Avondale Partners started coverage on shares of HMS Holdings Corp. in a report on Tuesday, April 12th. They issued an “outperform” rating and a $18.00 target price on the stock. Oppenheimer Holdings Inc. upgraded shares of HMS Holdings Corp. from a “sector perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, April 29th. Jefferies Group reiterated a “buy” rating and set a $19.00 price target (up previously from $14.00) on shares of HMS Holdings Corp. in a research report on Monday, May 9th. Zacks Investment Research upgraded shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, May 11th. Finally, Credit Suisse Group AG assumed coverage on shares of HMS Holdings Corp. in a research report on Wednesday, June 1st. They set an “outperform” rating and a $19.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. HMS Holdings Corp. currently has an average rating of “Buy” and an average target price of $19.20.

The stock’s 50-day moving average price is $18.25 and its 200-day moving average price is $14.98. The firm has a market cap of $1.67 billion and a P/E ratio of 68.32.

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

In other news, CEO William C. Lucia sold 60,356 shares of HMS Holdings Corp. stock in a transaction on Monday, June 20th. The stock was sold at an average price of $18.00, for a total transaction of $1,086,408.00. Following the completion of the sale, the chief executive officer now owns 205,918 shares of the company’s stock, valued at $3,706,524. The transaction was disclosed in a legal filing 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 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 sale, the chief executive officer now directly owns 205,918 shares of the company’s stock, valued at approximately $3,655,044.50. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently modified their holdings of the company. California State Teachers Retirement System boosted 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 worth $2,025,000 after buying an additional 2,881 shares during the last quarter. Rhumbline Advisers boosted 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 worth $1,329,000 after buying an additional 9,905 shares during the last quarter. 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. 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, 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.

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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