HMS Holdings Corp. (NASDAQ:HMSY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $22.98, but opened at $23.00. HMS Holdings Corp. shares last traded at $23.29, with a volume of 287,556 shares.

A number of brokerages have recently issued reports on HMSY. Jefferies Group reiterated a “buy” rating on shares of HMS Holdings Corp. in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of HMS Holdings Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. 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 research report on Friday, April 29th. Wells Fargo & Co. reiterated a “buy” rating on shares of HMS Holdings Corp. in a research report on Tuesday, May 31st. Finally, Credit Suisse Group AG began coverage on shares of HMS Holdings Corp. in a research report on Wednesday, June 1st. They set an “outperform” rating and a $19.00 target price on the stock. Eight analysts have rated the stock with a buy rating, HMS Holdings Corp. currently has an average rating of “Buy” and a consensus price target of $20.40.

The firm has a market capitalization of $1.97 billion and a price-to-earnings ratio of 70.51. The firm has a 50 day moving average price of $19.22 and a 200-day moving average price of $15.65.

HMS Holdings Corp. (NASDAQ:HMSY) last released its earnings results on Friday, August 5th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.15 by $0.03. The firm earned $123.60 million during the quarter, compared to the consensus estimate of $116.85 million. During the same period in the prior year, the business earned $0.13 earnings per share. HMS Holdings Corp.’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that HMS Holdings Corp. will post $0.68 EPS for the current year.

In other news, Director Richard H. Stowe sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $18.11, for a total value of $362,200.00. Following the sale, the director now directly owns 67,818 shares in the company, valued at approximately $1,228,183.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Semone Neuman sold 5,124 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $17.60, for a total transaction of $90,182.40. Following the completion of the sale, the executive vice president now owns 106,200 shares in the company, valued at $1,869,120. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. Rhumbline Advisers increased its stake 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 last quarter. Principal Financial Group Inc. increased its stake 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 worth $7,233,000 after buying an additional 6,063 shares during the last quarter. Finally, RS Investment Management Co. LLC increased its stake in 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.

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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