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

Several research firms have recently commented on HMSY. Wells Fargo & Co. reaffirmed a “buy” rating on shares of HMS Holdings Corp. in a research report on Tuesday, May 31st. Zacks Investment Research raised shares of 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 price target on shares of HMS Holdings Corp. in a research report on Tuesday, May 24th. Credit Suisse Group AG initiated 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 for the company. Finally, Avondale Partners initiated 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 for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $19.20.

The stock has a 50 day moving average of $18.30 and a 200-day moving average of $15.04. The stock has a market capitalization 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 (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The company earned $119.80 million during the quarter, compared to analysts’ expectations of $115 million. During the same quarter last year, the firm earned $0.11 EPS. HMS Holdings Corp.’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts predict that HMS Holdings Corp. will post $0.64 earnings per share for the current fiscal year.

In other HMS Holdings Corp. news, Director Richard H. Stowe sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $18.11, for a total value of $362,200.00. Following the completion of the sale, the director now owns 67,818 shares of the company’s stock, valued at $1,228,183.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Semone Neuman sold 5,124 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was 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 of the company’s stock, valued at approximately $1,869,120. The disclosure for this sale can be found here.

A number of large investors have modified their holdings of the company. Principal Financial Group Inc. increased its stake 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 valued at $7,233,000 after buying an additional 6,063 shares in the last quarter. Century Capital Management LLC acquired a new stake in shares of HMS Holdings Corp. during the fourth quarter valued at $3,992,000. California State Teachers Retirement System increased 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 valued at $2,025,000 after buying an additional 2,881 shares in the last quarter. American Capital Management Inc. increased its stake 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 valued at $20,336,000 after buying an additional 253,325 shares in the last quarter. Finally, Rhumbline Advisers increased 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 valued at $1,329,000 after buying an additional 9,905 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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