Wall Street analysts forecast that HMS Holdings Corp (NASDAQ:HMSY) will post $136.05 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for HMS Holdings Corp’s earnings. The lowest sales estimate is $135.59 million and the highest is $136.60 million. HMS Holdings Corp posted sales of $128.09 million during the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The company is expected to issue its next quarterly earnings report on Friday, February 23rd.

On average, analysts expect that HMS Holdings Corp will report full year sales of $136.05 million for the current year, with estimates ranging from $508.31 million to $510.00 million. For the next fiscal year, analysts expect that the business will report sales of $570.63 million per share, with estimates ranging from $550.42 million to $634.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for HMS Holdings Corp.

HMS Holdings Corp (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, November 3rd. The business services provider reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). The business had revenue of $125.70 million for the quarter, compared to analysts’ expectations of $147.62 million. HMS Holdings Corp had a net margin of 4.94% and a return on equity of 7.93%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share.

HMSY has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $22.00 price target on shares of HMS Holdings Corp in a research report on Thursday, August 31st. Zacks Investment Research raised HMS Holdings Corp from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $21.50 price target on shares of HMS Holdings Corp in a research report on Tuesday, August 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 price target on shares of HMS Holdings Corp in a research report on Monday, October 30th. Finally, BidaskClub downgraded HMS Holdings Corp from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. HMS Holdings Corp currently has a consensus rating of “Buy” and a consensus target price of $20.44.

In related news, EVP Semone Neuman sold 20,734 shares of HMS Holdings Corp stock in a transaction on Monday, August 28th. The stock was 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 owns 96,722 shares of the company’s stock, valued at $1,710,044.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia Nustad sold 22,907 shares of HMS Holdings Corp stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $17.64, for a total value of $404,079.48. Following the sale, the executive vice president now directly owns 73,877 shares of the company’s stock, valued at approximately $1,303,190.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,535 shares of company stock valued at $1,368,537. 3.20% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. OxFORD Asset Management LLP boosted its stake in HMS Holdings Corp by 33.5% during the second quarter. OxFORD Asset Management LLP now owns 80,474 shares of the business services provider’s stock valued at $1,489,000 after buying an additional 20,173 shares during the period. Goldman Sachs Group Inc. boosted its stake in HMS Holdings Corp by 11.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,522,709 shares of the business services provider’s stock valued at $28,170,000 after buying an additional 151,856 shares during the period. Peregrine Capital Management LLC lifted its stake in HMS Holdings Corp by 50.9% during the third quarter. Peregrine Capital Management LLC now owns 527,229 shares of the business services provider’s stock worth $10,471,000 after purchasing an additional 177,799 shares during the last quarter. Teachers Advisors LLC lifted its stake in HMS Holdings Corp by 9.8% during the second quarter. Teachers Advisors LLC now owns 790,617 shares of the business services provider’s stock worth $14,626,000 after purchasing an additional 70,710 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its stake in HMS Holdings Corp by 137.9% during the second quarter. Marshall Wace North America L.P. now owns 295,878 shares of the business services provider’s stock worth $5,622,000 after purchasing an additional 171,516 shares during the last quarter. 96.23% of the stock is owned by institutional investors.

Shares of HMS Holdings Corp (NASDAQ:HMSY) opened at $16.12 on Monday. The company has a market capitalization of $1,355.43, a P/E ratio of 31.00, a P/E/G ratio of 2.58 and a beta of 0.94. HMS Holdings Corp has a 52-week low of $11.01 and a 52-week high of $20.90.

HMS Holdings Corp declared that its Board of Directors has authorized a stock buyback plan on Friday, November 3rd that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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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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