HMS Holdings Corp. (NASDAQ:HMSY) 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 trading hands. The stock had previously closed at $23.17.

A number of equities research analysts have commented on the company. Jefferies Group cut HMS Holdings Corp. from a “buy” rating to a “hold” rating and increased 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 HMS Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research upgraded HMS Holdings Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, August 9th. Credit Suisse Group AG assumed coverage on HMS Holdings Corp. in a research note on Wednesday, June 1st. They issued an “outperform” rating and a $19.00 price target for the company. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of HMS Holdings Corp. in a research note on Tuesday, May 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $21.20.

The stock has a market cap of $1.86 billion and a price-to-earnings ratio of 66.71. The firm’s 50-day moving average price is $20.15 and its 200 day moving average price is $16.14.

HMS Holdings Corp. (NASDAQ:HMSY) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm earned $123.60 million during the quarter, compared to analyst estimates of $116.85 million. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that HMS Holdings Corp. will post $0.69 EPS for the current fiscal year.

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

A number of hedge funds and institutional investors recently added to or reduced their stakes in HMSY. Connor Clark & Lunn Investment Management Ltd. boosted its position in 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 during the last quarter. RS Investment Management Co. LLC boosted 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 valued at $97,501,000 after buying an additional 1,153,346 shares during the last quarter. Finally, Rhumbline Advisers boosted 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 valued at $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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