HMS Holdings Corp’s (NASDAQ:HMSY) Hold Rating Reaffirmed at Jefferies Group LLC
Jefferies Group LLC restated their hold rating on shares of HMS Holdings Corp (NASDAQ:HMSY) in a research report report published on Wednesday morning. They currently have a $21.50 target price on the business services provider’s stock.
HMSY has been the subject of several other reports. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $26.00 price objective (up from $24.00) on shares of HMS Holdings Corp in a report on Friday, March 31st. Zacks Investment Research raised HMS Holdings Corp from a hold rating to a buy rating and set a $22.00 target price for the company in a report on Friday, April 14th. Canaccord Genuity began coverage on HMS Holdings Corp in a report on Tuesday, July 11th. They set a buy rating and a $22.00 target price for the company. Cantor Fitzgerald began coverage on HMS Holdings Corp in a report on Wednesday, June 14th. They set an overweight rating and a $23.00 target price for the company. Finally, TheStreet lowered HMS Holdings Corp from a b rating to a c+ rating in a report on Friday, May 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $23.06.
HMS Holdings Corp (NASDAQ:HMSY) traded up 0.543% during midday trading on Wednesday, hitting $19.455. The company had a trading volume of 269,522 shares. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 48.638 and a beta of 1.07. HMS Holdings Corp has a 12 month low of $15.94 and a 12 month high of $24.00. The firm has a 50-day moving average price of $18.80 and a 200-day moving average price of $18.83.
HMS Holdings Corp (NASDAQ:HMSY) last posted its quarterly earnings results 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 6.92% and a return on equity of 9.70%. The business had revenue of $114.50 million during the quarter, compared to analyst estimates of $120.08 million. During the same period in the prior year, the business earned $0.14 earnings per share. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. Equities analysts anticipate that HMS Holdings Corp will post $0.81 EPS for the current year.
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In other HMS Holdings Corp news, EVP Semone Neuman sold 14,546 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $19.00, for a total value of $276,374.00. Following the completion of the sale, the executive vice president now owns 122,685 shares of the company’s stock, valued at approximately $2,331,015. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bart M. Schwartz acquired 1,500 shares of the business’s stock in a transaction on Monday, June 12th. The stock was acquired at an average cost of $19.28 per share, with a total value of $28,920.00. Following the acquisition, the director now directly owns 46,868 shares in the company, valued at $903,615.04. The disclosure for this purchase can be found here. 3.20% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in HMS Holdings Corp during the fourth quarter valued at $403,000. State Street Corp raised its position in shares of 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 in the last quarter. Envestnet Asset Management Inc. raised its position in shares of HMS Holdings Corp by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,954 shares of the business services provider’s stock valued at $126,000 after buying an additional 165 shares in the last quarter. Guggenheim Capital LLC raised its position in shares of HMS Holdings Corp by 192.1% in the fourth quarter. Guggenheim Capital LLC now owns 66,208 shares of the business services provider’s stock valued at $1,203,000 after buying an additional 43,542 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of HMS Holdings Corp by 10.3% in the fourth quarter. AQR Capital Management LLC now owns 285,697 shares of the business services provider’s stock valued at $5,188,000 after buying an additional 26,658 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.
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.
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