Shares of HMS Holdings Corp (NASDAQ:HMSY) reached a new 52-week high and low during trading on Thursday . The stock traded as low as $23.40 and last traded at $22.91, with a volume of 30183 shares changing hands. The stock had previously closed at $22.74.
HMSY has been the subject of several analyst reports. Zacks Investment Research lowered shares of HMS from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Cantor Fitzgerald reissued a “hold” rating and set a $17.00 price target on shares of HMS in a research report on Friday, February 23rd. Canaccord Genuity increased their price target on shares of HMS from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Citigroup decreased their price objective on shares of HMS from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Finally, ValuEngine lowered shares of HMS from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $20.72.
The stock has a market cap of $1.86 billion, a P/E ratio of 53.42, a P/E/G ratio of 3.13 and a beta of 0.90. The company has a current ratio of 4.14, a quick ratio of 4.14 and a debt-to-equity ratio of 0.39.
HMS (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, May 4th. The business services provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.07. The firm had revenue of $141.40 million during the quarter, compared to analyst estimates of $130.10 million. HMS had a net margin of 8.20% and a return on equity of 8.01%. HMS’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. analysts predict that HMS Holdings Corp will post 0.65 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in HMS by 75.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,016,623 shares of the business services provider’s stock worth $51,132,000 after buying an additional 1,292,855 shares during the last quarter. BlackRock Inc. raised its position in HMS by 3.0% during the 4th quarter. BlackRock Inc. now owns 10,812,870 shares of the business services provider’s stock worth $183,279,000 after buying an additional 316,963 shares during the last quarter. Penbrook Management LLC purchased a new position in HMS during the 4th quarter worth approximately $541,000. Landscape Capital Management L.L.C. purchased a new position in HMS during the 4th quarter worth approximately $430,000. Finally, Goldman Sachs Group Inc. raised its position in HMS by 0.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,859,764 shares of the business services provider’s stock worth $31,523,000 after buying an additional 11,647 shares during the last quarter. 97.89% of the stock is owned by institutional investors.
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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