HMS Holdings Corp. (NASDAQ:HMSY)’s share price hit a new 52-week high on Thursday . The company traded as high as $20.09 and last traded at $19.66, with a volume of 490,543 shares trading hands. The stock had previously closed at $19.94.

HMSY has been the topic of several recent research reports. Jefferies Group restated a “buy” rating on shares of HMS Holdings Corp. in a report on Friday. Zacks Investment Research upgraded shares of HMS Holdings Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Credit Suisse Group AG initiated coverage on shares of HMS Holdings Corp. in a report on Wednesday, June 1st. They set an “outperform” rating and a $19.00 target price on the stock. Wells Fargo & Co. restated a “buy” rating on shares of HMS Holdings Corp. in a report on Tuesday, May 31st. Finally, Oppenheimer Holdings Inc. upgraded shares of HMS Holdings Corp. from a “sector perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Friday, April 29th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $19.20.

The stock has a market cap of $1.81 billion and a PE ratio of 74.05. The company has a 50-day moving average price of $18.64 and a 200 day moving average price of $15.33.

HMS Holdings Corp. (NASDAQ:HMSY) last released its quarterly earnings results on Friday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. The firm had revenue of $123.60 million for the quarter, compared to analyst estimates of $116.85 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts expect that HMS Holdings Corp. will post $0.64 earnings per share for the current fiscal year.

In other HMS Holdings Corp. news, CEO William C. Lucia sold 60,356 shares of the company’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $18.00, for a total value of $1,086,408.00. Following the transaction, the chief executive officer now owns 205,918 shares in the company, valued at approximately $3,706,524. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO William C. Lucia sold 152,025 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $17.75, for a total transaction of $2,698,443.75. Following the completion of the transaction, the chief executive officer now owns 205,918 shares in the company, valued at approximately $3,655,044.50. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently added to or reduced their stakes in HMSY. 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 valued at $1,329,000 after buying an additional 9,905 shares in the last quarter. 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 valued at $2,025,000 after buying an additional 2,881 shares in the last quarter. 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 valued at $3,982,000 after buying an additional 181,517 shares in the last quarter. 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 valued at $5,105,000 after buying an additional 78,369 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in 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.

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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