TheStreet cut shares of HMS Holdings Corp (NASDAQ:HMSY) from a b rating to a c+ rating in a research report report published on Friday.

HMSY has been the topic of several other research reports. First Analysis downgraded HMS Holdings Corp from an overweight rating to an equal weight rating and dropped their price objective for the company from $24.00 to $21.00 in a research note on Monday, February 27th. Zacks Investment Research upgraded HMS Holdings Corp from a hold rating to a buy rating and set a $21.00 price objective on the stock in a research note on Wednesday, March 1st. Oppenheimer Holdings Inc. set a $25.00 target price on shares of HMS Holdings Corp and gave the company a buy rating in a report on Friday, February 17th. Raymond James Financial, Inc. initiated coverage on shares of HMS Holdings Corp in a report on Friday, March 3rd. They set an outperform rating and a $23.00 target price on the stock. Finally, Jefferies Group LLC reissued a hold rating and set a $22.00 target price (up previously from $19.00) on shares of HMS Holdings Corp in a report on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. HMS Holdings Corp has a consensus rating of Hold and a consensus target price of $23.33.

Shares of HMS Holdings Corp (NASDAQ:HMSY) traded down 1.16% during trading on Friday, hitting $17.91. The stock had a trading volume of 459,510 shares. The company’s 50 day moving average price is $19.83 and its 200 day moving average price is $18.81. HMS Holdings Corp has a 52 week low of $15.51 and a 52 week high of $24.00. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 45.92 and a beta of 0.97.

HMS Holdings Corp (NASDAQ:HMSY) last posted its quarterly earnings data on Wednesday, May 10th. The business services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by $0.01. HMS Holdings Corp had a net margin of 7.12% and a return on equity of 10.04%. The firm had revenue of $114.50 million during the quarter, compared to analysts’ expectations of $120.08 million. During the same quarter in the previous year, the company posted $0.14 EPS. HMS Holdings Corp’s revenue for the quarter was down 4.4% on a year-over-year basis. Analysts predict that HMS Holdings Corp will post $0.81 earnings per share for the current year.

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A number of large investors have recently modified their holdings of the stock. Jupiter Asset Management Ltd. boosted its stake in shares of HMS Holdings Corp by 24.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 256,698 shares of the business services provider’s stock worth $4,662,000 after buying an additional 51,062 shares during the last quarter. Cigna Investments Inc. New purchased a new position in HMS Holdings Corp during the fourth quarter valued at $1,057,000. Russell Investments Group Ltd. purchased a new position in HMS Holdings Corp during the fourth quarter valued at $403,000. Comerica Bank boosted its position in HMS Holdings Corp by 20.4% in the fourth quarter. Comerica Bank now owns 183,442 shares of the business services provider’s stock valued at $3,408,000 after buying an additional 31,086 shares during the last quarter. Finally, State Street Corp boosted its position in HMS Holdings Corp by 9.8% in the fourth quarter. State Street Corp now owns 2,039,299 shares of the business services provider’s stock valued at $37,030,000 after buying an additional 182,042 shares during the last quarter. 96.43% of the stock is currently owned by institutional investors and hedge funds.

HMS Holdings Corp Company Profile

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.

5 Day Chart for NASDAQ:HMSY

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