HMS Holdings Corp. (HMSY) Sets New 1-Year High at $24.00
Shares of HMS Holdings Corp. (NASDAQ:HMSY) hit a new 52-week high on Tuesday . The stock traded as high as $24.00 and last traded at $23.70, with a volume of 303,754 shares traded. The stock had previously closed at $23.39.
Several brokerages have weighed in on HMSY. Jefferies Group reissued a “buy” rating on shares of HMS Holdings Corp. in a report on Friday, August 5th. Zacks Investment Research raised HMS Holdings Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Oppenheimer Holdings Inc. upgraded HMS Holdings Corp. from a “sector perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Friday, April 29th. Wells Fargo & Co. restated a “buy” rating on shares of HMS Holdings Corp. in a research report on Tuesday, May 31st. Finally, Credit Suisse Group AG began coverage on HMS Holdings Corp. in a research report on Wednesday, June 1st. They set an “outperform” rating and a $19.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $20.40.
The stock’s 50-day moving average is $19.88 and its 200 day moving average is $16.02. The firm has a market capitalization of $1.96 billion and a price-to-earnings ratio of 70.00.
HMS Holdings Corp. (NASDAQ:HMSY) last released its quarterly earnings data 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 business earned $123.60 million during the quarter, compared to analyst estimates of $116.85 million. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.13 earnings per share. Equities research analysts anticipate that HMS Holdings Corp. will post $0.68 earnings per share for the current fiscal year.
In related news, CEO William C. Lucia sold 152,025 shares of the firm’s 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 sale, the chief executive officer now directly owns 205,918 shares of the company’s stock, valued at $3,655,044.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William C. Lucia sold 60,356 shares of the firm’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $18.00, for a total value 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 number of hedge funds have added to or reduced their stakes in the stock. RS Investment Management Co. LLC raised its stake 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 period. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 period. Finally, Rhumbline Advisers raised its stake 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 period.
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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