Shares of HMS Holdings Corp. (NASDAQ:HMSY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $24.00 and last traded at $23.70, with a volume of 303,754 shares changing hands. The stock had previously closed at $23.39.

HMSY has been the subject of several analyst reports. Jefferies Group reissued a “buy” rating on shares of HMS Holdings Corp. in a research report on Friday, August 5th. Oppenheimer Holdings Inc. raised shares of HMS Holdings Corp. from a “sector perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Friday, April 29th. Zacks Investment Research lowered shares of HMS Holdings Corp. from a “buy” rating to a “sell” rating in a research report on Thursday, May 26th. Credit Suisse Group AG initiated coverage on shares of HMS Holdings Corp. in a research report on Wednesday, June 1st. They issued an “outperform” rating and a $19.00 price objective for the company. Finally, TheStreet raised shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Eight investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $20.40.

The stock has a 50-day moving average price of $19.52 and a 200-day moving average price of $15.89. The firm has a market capitalization of $1.99 billion and a P/E ratio of 71.12.

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

In other HMS Holdings Corp. news, CEO William C. Lucia sold 152,025 shares of HMS Holdings Corp. stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $17.75, for a total value of $2,698,443.75. Following the completion of the transaction, the chief executive officer now directly owns 205,918 shares of the company’s stock, valued at approximately $3,655,044.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard H. Stowe sold 20,000 shares of HMS Holdings Corp. stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $18.11, for a total value of $362,200.00. Following the completion of the transaction, the director now directly owns 67,818 shares of the company’s stock, valued at $1,228,183.98. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in the company. Rhumbline Advisers increased its position 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of HMS Holdings Corp. by 34.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 209,025 shares of the company’s stock worth $2,579,000 after buying an additional 53,125 shares in the last quarter. Finally, RS Investment Management Co. LLC increased its position 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 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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