HMS Holdings Corp. (NASDAQ:HMSY) shares traded down 5.7% during trading on Thursday . The company traded as low as $21.51 and last traded at $21.84, with a volume of 655,365 shares changing hands. The stock had previously closed at $23.17.

A number of research analysts recently commented on the stock. Jefferies Group lowered shares of HMS Holdings Corp. from a “buy” rating to a “hold” rating and upped their price target for the company from $19.00 to $23.00 in a research note on Thursday. They noted that the move was a valuation call. TheStreet upgraded shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, August 9th. Credit Suisse Group AG started 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. Finally, Wells Fargo & Co. restated a “buy” rating on shares of HMS Holdings Corp. in a research report on Tuesday, May 31st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. HMS Holdings Corp. has an average rating of “Buy” and a consensus price target of $21.20.

The stock has a market capitalization of $1.86 billion and a P/E ratio of 66.50. The firm has a 50 day moving average price of $19.88 and a 200 day moving average price of $16.02.

HMS Holdings Corp. (NASDAQ:HMSY) last released its quarterly earnings results on Friday, August 5th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $123.60 million for the quarter, compared to the consensus estimate of $116.85 million. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. On average, analysts forecast that HMS Holdings Corp. will post $0.69 earnings per share for the current 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 shares were sold at an average price of $17.75, for a total value of $2,698,443.75. Following the sale, the chief executive officer now owns 205,918 shares of the company’s stock, valued at $3,655,044.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William C. Lucia sold 60,356 shares of HMS Holdings Corp. 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 approximately $3,706,524. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. RS Investment Management Co. LLC raised 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 valued at $97,501,000 after buying an additional 1,153,346 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 valued at $2,579,000 after buying an additional 53,125 shares in the last quarter. Finally, Rhumbline Advisers raised 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 valued at $1,329,000 after buying an additional 9,905 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.