Analysts expect that HMS Holdings Corp (NASDAQ:HMSY) will announce sales of $143.71 million for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for HMS’s earnings. The highest sales estimate is $145.10 million and the lowest is $142.60 million. HMS posted sales of $141.43 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.6%. The business is expected to announce its next quarterly earnings report before the market opens on Friday, May 3rd.

On average, analysts expect that HMS will report full year sales of $647.64 million for the current financial year, with estimates ranging from $641.40 million to $658.00 million. For the next financial year, analysts anticipate that the firm will post sales of $701.83 million, with estimates ranging from $685.90 million to $741.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow HMS.

HMS (NASDAQ:HMSY) last released its earnings results on Friday, February 22nd. The business services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. HMS had a net margin of 9.19% and a return on equity of 14.21%. The business had revenue of $155.80 million for the quarter, compared to the consensus estimate of $155.84 million. During the same period last year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year.

HMSY has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of HMS from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. BidaskClub downgraded shares of HMS from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. HMS has an average rating of “Buy” and a consensus target price of $33.50.

In other HMS news, CFO Jeffrey Scott Sherman sold 268,426 shares of HMS stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $34.55, for a total value of $9,274,118.30. Following the completion of the sale, the chief financial officer now directly owns 218,253 shares in the company, valued at $7,540,641.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Douglas M. Williams sold 39,393 shares of HMS stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $34.64, for a total transaction of $1,364,573.52. Following the completion of the sale, the chief operating officer now owns 112,578 shares of the company’s stock, valued at $3,899,701.92. The disclosure for this sale can be found here. Insiders have sold 1,018,795 shares of company stock worth $35,023,853 over the last ninety days. 4.54% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. We Are One Seven LLC acquired a new stake in HMS in the fourth quarter valued at approximately $84,000. BlueMountain Capital Management LLC acquired a new stake in HMS in the third quarter valued at approximately $146,000. LS Investment Advisors LLC lifted its stake in HMS by 80.0% in the fourth quarter. LS Investment Advisors LLC now owns 5,016 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 2,230 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in HMS by 11.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,826 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 592 shares during the last quarter. Finally, NumerixS Investment Technologies Inc lifted its stake in shares of HMS by 84.3% in the fourth quarter. NumerixS Investment Technologies Inc now owns 6,818 shares of the business services provider’s stock worth $192,000 after buying an additional 3,118 shares during the last quarter. Hedge funds and other institutional investors own 95.44% of the company’s stock.

Shares of HMSY opened at $30.26 on Tuesday. HMS has a 52 week low of $17.11 and a 52 week high of $38.15. The company has a market cap of $2.58 billion, a P/E ratio of 36.02, a P/E/G ratio of 2.85 and a beta of 1.61. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.34.

HMS Company Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.

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