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

HMSY has been the topic of a number of recent analyst reports. TheStreet upgraded shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Credit Suisse Group AG initiated coverage on shares of 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. Wells Fargo & Co. restated a “buy” rating on shares of HMS Holdings Corp. in a research note on Tuesday, May 31st. Jefferies Group restated a “buy” rating and issued a $19.00 target price on shares of HMS Holdings Corp. in a research note on Tuesday, May 24th. Finally, Zacks Investment Research lowered shares of HMS Holdings Corp. from a “buy” rating to a “sell” rating in a research note on Thursday, May 26th. Eight equities research analysts have rated the stock with a buy rating, HMS Holdings Corp. currently has an average rating of “Buy” and an average price target of $20.40.

The firm has a market cap of $1.94 billion and a PE ratio of 69.46. The firm has a 50 day moving average of $19.22 and a 200-day moving average of $15.65.

HMS Holdings Corp. (NASDAQ:HMSY) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. During the same quarter last year, the company earned $0.13 EPS. The business had revenue of $123.60 million for the quarter, compared to analyst estimates of $116.85 million. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts expect that HMS Holdings Corp. will post $0.68 EPS for the current year.

In related news, Director Richard H. Stowe sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 67,818 shares in the company, valued at approximately $1,228,183.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William C. Lucia sold 152,025 shares of the firm’s stock in a transaction 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 $3,655,044.50. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. RS Investment Management Co. LLC raised its position 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. 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 worth $7,233,000 after buying an additional 6,063 shares during the last quarter. Finally, 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 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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