HMS Holdings Corp. (NASDAQ:HMSY) saw strong trading volume on Thursday . 991,110 shares changed hands during 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 analysts recently weighed in on the company. Zacks Investment Research upgraded HMS Holdings Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, May 11th. Jefferies Group reiterated a “buy” rating and issued a $19.00 target price on shares of HMS Holdings Corp. in a research note on Tuesday, May 24th. Avondale Partners assumed coverage on HMS Holdings Corp. in a research note on Tuesday, April 12th. They issued an “outperform” rating and a $18.00 target price on the stock. Oppenheimer Holdings Inc. upgraded HMS Holdings Corp. from a “sector perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, April 29th. Finally, Credit Suisse Group AG assumed coverage on HMS Holdings Corp. in a research note on Wednesday, June 1st. They issued an “outperform” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. HMS Holdings Corp. presently has a consensus rating of “Buy” and an average target price of $19.20.

The company’s 50-day moving average is $18.30 and its 200 day moving average is $15.04. The stock has a market cap of $1.67 billion and a PE ratio of 68.32.

HMS Holdings Corp. (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. The firm earned $119.80 million during the quarter, compared to analyst estimates of $115 million. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities research analysts forecast 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 HMS Holdings Corp. stock in a transaction that occurred 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 $3,655,044.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Cynthia Nustad sold 10,995 shares of HMS Holdings Corp. stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $17.79, for a total value of $195,601.05. Following the completion of the sale, the executive vice president now directly owns 93,316 shares in the company, valued at $1,660,091.64. The disclosure for this sale can be found here.

Other institutional investors recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in 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 period. California State Teachers Retirement System raised its position 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 worth $2,025,000 after buying an additional 2,881 shares during the period. Cornerstone Capital Management Holdings LLC. raised its position 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 worth $3,982,000 after buying an additional 181,517 shares during the period. Century Capital Management LLC bought a new position in HMS Holdings Corp. during the fourth quarter worth $3,992,000. Finally, Bank of Montreal Can raised its position 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 worth $5,105,000 after buying an additional 78,369 shares during the period.

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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