HMS (HMSY) Rating Lowered to Sell at ValuEngine
HMS (NASDAQ:HMSY) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.
A number of other research firms also recently commented on HMSY. Citigroup initiated coverage on shares of HMS in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Robert W. Baird restated a “buy” rating on shares of HMS in a research report on Sunday, November 19th. Jefferies Group restated a “neutral” rating on shares of HMS in a research report on Sunday, November 5th. BidaskClub downgraded shares of HMS from a “sell” rating to a “strong sell” rating in a research report on Monday, February 5th. Finally, Zacks Investment Research downgraded shares of HMS from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.50.
HMS (NASDAQ HMSY) traded up $0.76 during mid-day trading on Thursday, hitting $16.94. 955,705 shares of the company’s stock were exchanged, compared to its average volume of 664,060. HMS has a one year low of $11.01 and a one year high of $20.90. The company has a market cap of $1,341.18, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 2.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.16 and a quick ratio of 0.88.
HMS announced that its board has approved a share repurchase program on Friday, November 3rd that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation bought a new stake in shares of HMS in the 3rd quarter worth approximately $116,000. Pitcairn Co. bought a new stake in shares of HMS in the 3rd quarter worth approximately $203,000. Hartford Investment Management Co. bought a new stake in shares of HMS in the 3rd quarter worth approximately $228,000. Rathbone Brothers plc bought a new stake in shares of HMS in the 4th quarter worth approximately $207,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of HMS in the 4th quarter worth approximately $226,000. Institutional investors and hedge funds own 96.62% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2018/03/03/hms-hmsy-rating-lowered-to-sell-at-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for HMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS and related companies with MarketBeat.com's FREE daily email newsletter.