HMS (NASDAQ:HMSY) issued its earnings results on Friday. The business services provider reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.07), Morningstar.com reports. HMS had a return on equity of 7.93% and a net margin of 4.94%. The business had revenue of $148.49 million during the quarter, compared to the consensus estimate of $136.77 million. During the same period in the prior year, the business earned $0.20 EPS. The business’s revenue was up 18.2% on a year-over-year basis.
HMS (HMSY) traded up $0.90 during midday trading on Friday, hitting $16.22. 1,332,823 shares of the company were exchanged, compared to its average volume of 588,892. HMS has a fifty-two week low of $11.01 and a fifty-two week high of $20.90. The firm has a market capitalization of $1,363.84, a price-to-earnings ratio of 35.26, a PEG ratio of 2.38 and a beta of 0.84.
Several equities research analysts have commented on HMSY shares. Robert W. Baird restated a “buy” rating on shares of HMS in a research note on Sunday, November 19th. Canaccord Genuity dropped their price target on shares of HMS from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, November 6th. Cantor Fitzgerald restated a “hold” rating and issued a $16.00 price target on shares of HMS in a research note on Sunday, November 19th. BidaskClub upgraded shares of HMS from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Zacks Investment Research upgraded shares of HMS from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. HMS currently has a consensus rating of “Buy” and a consensus target price of $20.50.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC acquired a new position in shares of HMS during the third quarter valued at approximately $3,487,000. Smith Graham & Co. Investment Advisors LP increased its stake in shares of HMS by 7.8% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 567,622 shares of the business services provider’s stock valued at $9,621,000 after acquiring an additional 41,010 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of HMS during the third quarter valued at approximately $469,000. Dimensional Fund Advisors LP increased its stake in shares of HMS by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 3,230,969 shares of the business services provider’s stock valued at $64,167,000 after acquiring an additional 91,753 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of HMS by 8.8% during the third quarter. California Public Employees Retirement System now owns 191,555 shares of the business services provider’s stock valued at $3,804,000 after acquiring an additional 15,555 shares during the period. Institutional investors and hedge funds own 96.62% of the company’s stock.
HMS declared that its board has approved a share buyback plan on Friday, November 3rd that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
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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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