HMS Holdings Corp. (NASDAQ:HMSY) hit a new 52-week high on Wednesday . The stock traded as high as $22.93 and last traded at $22.93, with a volume of 309,490 shares traded. The stock had previously closed at $22.45.

Several research analysts have commented on the company. Jefferies Group reaffirmed a “buy” rating on shares of HMS Holdings Corp. in a research report on Friday, August 5th. Oppenheimer Holdings Inc. raised 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. 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 price target on the stock. Zacks Investment Research lowered HMS Holdings Corp. from a “buy” rating to a “sell” rating in a research report on Thursday, May 26th. Finally, 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 price target on the stock. Eight analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $20.40.

The stock’s 50-day moving average price is $18.90 and its 200-day moving average price is $15.54. The company has a market cap of $1.94 billion and a price-to-earnings ratio of 69.49.

HMS Holdings Corp. (NASDAQ:HMSY) last issued its earnings results on Friday, August 5th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. During the same period in the previous year, the company earned $0.13 EPS. The company earned $123.60 million during the quarter, compared to analysts’ expectations of $116.85 million. HMS Holdings Corp.’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities research analysts forecast that HMS Holdings Corp. will post $0.68 EPS for the current year.

In other news, Director Robert M. Holster sold 20,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $17.58, for a total transaction of $351,600.00. Following the sale, the director now directly owns 102,188 shares in the company, valued at approximately $1,796,465.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William C. Lucia sold 60,356 shares of the stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $18.00, for a total value of $1,086,408.00. Following the sale, the chief executive officer now owns 205,918 shares in the company, valued at $3,706,524. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in HMSY. Principal Financial Group Inc. boosted 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 worth $7,233,000 after buying an additional 6,063 shares during the last quarter. RS Investment Management Co. LLC boosted its stake in shares of HMS Holdings Corp. by 17.1% in the fourth quarter. RS Investment Management Co. LLC now owns 7,901,228 shares of the company’s stock worth $97,501,000 after buying an additional 1,153,346 shares during 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 during the last quarter. 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 during the last quarter. Finally, 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 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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