Shares of HMS Holdings Corp. (NASDAQ:HMSY) gapped up prior to trading 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 traded.

A number of equities analysts have recently commented on the company. Oppenheimer Holdings Inc. raised HMS Holdings Corp. from a “sector perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Friday, April 29th. Jefferies Group reaffirmed a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of HMS Holdings Corp. in a report on Monday, May 9th. Zacks Investment Research raised HMS Holdings Corp. from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, May 11th. Credit Suisse Group AG assumed coverage on HMS Holdings Corp. in a report on Wednesday, June 1st. They issued an “outperform” rating and a $19.00 price target for the company. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of HMS Holdings Corp. in a report on Tuesday, May 31st. Eight research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $20.40.

The stock’s 50 day moving average is $19.36 and its 200-day moving average is $15.74. The firm has a market capitalization of $1.96 billion and a P/E ratio of 70.21.

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

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

A hedge fund recently raised its stake in HMS Holdings Corp. stock. RS Investment Management Co. LLC boosted its position in HMS Holdings Corp. (NASDAQ:HMSY) by 17.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,901,228 shares of the company’s stock after buying an additional 1,153,346 shares during the period. HMS Holdings Corp. makes up 0.9% of RS Investment Management Co. LLC’s holdings, making the stock its 26th largest position. RS Investment Management Co. LLC owned 9.19% of HMS Holdings Corp. worth $97,501,000 as of its most recent filing with the SEC.

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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