HMS Holdings Corp Expected to Earn Q4 2017 Earnings of $0.27 Per Share (HMSY)
HMS Holdings Corp (NASDAQ:HMSY) – Equities research analysts at William Blair lifted their Q4 2017 EPS estimates for shares of HMS Holdings Corp in a report issued on Tuesday. William Blair analyst R. Daniels now forecasts that the business services provider will post earnings per share of $0.27 for the quarter, up from their prior forecast of $0.26.
HMS Holdings Corp (NASDAQ:HMSY) last posted its earnings results on Friday, August 4th. The business services provider reported $0.16 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 analyst estimates of $135.96 million. HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share.
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Several other equities research analysts have also recently commented on HMSY. Zacks Investment Research raised shares of HMS Holdings Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Cantor Fitzgerald initiated coverage on shares of HMS Holdings Corp in a research report on Wednesday, June 14th. They set an “overweight” rating and a $23.00 price target on the stock. Jefferies Group LLC reissued a “hold” rating and set a $21.50 price target on shares of HMS Holdings Corp in a research report on Friday, June 16th. Canaccord Genuity initiated coverage on shares of HMS Holdings Corp in a research report on Tuesday, July 11th. They set a “buy” rating and a $22.00 price target on the stock. Finally, BidaskClub cut shares of HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.94.
HMS Holdings Corp (NASDAQ:HMSY) opened at 19.11 on Wednesday. The firm’s 50-day moving average is $18.16 and its 200 day moving average is $18.84. HMS Holdings Corp has a 52-week low of $15.94 and a 52-week high of $23.06. The firm has a market capitalization of $1.61 billion, a P/E ratio of 54.44 and a beta of 1.10.
In other news, insider Douglas M. Williams sold 13,140 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $17.78, for a total value of $233,629.20. Following the sale, the insider now directly owns 121,264 shares of the company’s stock, valued at approximately $2,156,073.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Semone Neuman sold 20,734 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $17.68, for a total transaction of $366,577.12. Following the completion of the sale, the executive vice president now directly owns 96,722 shares in the company, valued at $1,710,044.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,781 shares of company stock worth $1,004,286. 3.20% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC raised its holdings in shares of HMS Holdings Corp by 48.3% in the 1st quarter. LS Investment Advisors LLC now owns 5,512 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 1,795 shares during the period. Riverhead Capital Management LLC grew its stake in HMS Holdings Corp by 80.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock valued at $104,000 after buying an additional 2,492 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in HMS Holdings Corp in the 1st quarter valued at about $148,000. Fox Run Management L.L.C. acquired a new position in HMS Holdings Corp in the 2nd quarter valued at about $198,000. Finally, Oppenheimer & Co. Inc. grew its stake in HMS Holdings Corp by 1.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock valued at $201,000 after buying an additional 200 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors.
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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