HMS Holdings Corp (NASDAQ:HMSY) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Other equities research analysts have also issued research reports about the company. UBS AG raised HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating in a research note on Thursday. Zacks Investment Research lowered HMS Holdings Corp from a “buy” rating to a “hold” rating in a research note on Wednesday. Raymond James Financial, Inc. raised HMS Holdings Corp from an “outperform” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research note on Thursday. Jefferies Group LLC reissued a “hold” rating and set a $21.50 price objective on shares of HMS Holdings Corp in a research note on Wednesday, July 19th. Finally, Cantor Fitzgerald assumed coverage on HMS Holdings Corp in a research note on Wednesday, June 14th. They set an “overweight” rating and a $23.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. HMS Holdings Corp has an average rating of “Buy” and a consensus target price of $23.06.

HMS Holdings Corp (HMSY) traded up 4.00% during trading on Thursday, hitting $18.22. The stock had a trading volume of 177,864 shares. The stock has a market capitalization of $1.53 billion, a P/E ratio of 51.91 and a beta of 1.08. The company has a 50-day moving average of $18.99 and a 200-day moving average of $18.93. HMS Holdings Corp has a 52 week low of $15.94 and a 52 week high of $24.00.

HMS Holdings Corp (NASDAQ:HMSY) last posted its quarterly earnings data on Friday, August 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $133.31 million for the quarter, compared to the consensus estimate of $135.96 million. HMS Holdings Corp had a net margin of 6.37% and a return on equity of 9.26%. HMS Holdings Corp’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. On average, equities analysts expect that HMS Holdings Corp will post $0.81 earnings per share for the current fiscal year.

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In related news, Director Bart M. Schwartz acquired 1,500 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were purchased at an average price of $19.28 per share, for a total transaction of $28,920.00. Following the completion of the acquisition, the director now owns 46,868 shares in the company, valued at $903,615.04. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Semone Neuman sold 14,546 shares of HMS Holdings Corp stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $19.00, for a total value of $276,374.00. Following the completion of the transaction, the executive vice president now owns 122,685 shares in the company, valued at approximately $2,331,015. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new position in HMS Holdings Corp during the first quarter valued at approximately $108,000. LS Investment Advisors LLC increased its position in HMS Holdings Corp by 48.3% in the first quarter. LS Investment Advisors LLC now owns 5,512 shares of the business services provider’s stock valued at $112,000 after buying an additional 1,795 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in HMS Holdings Corp during the first quarter valued at approximately $148,000. State of Alaska Department of Revenue increased its position in HMS Holdings Corp by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 9,230 shares of the business services provider’s stock valued at $187,000 after buying an additional 90 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in HMS Holdings Corp during the second quarter valued at approximately $198,000. Hedge funds and other institutional investors own 94.76% 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.

Analyst Recommendations for HMS Holdings Corp (NASDAQ:HMSY)

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