HMS Holdings Corp (NASDAQ:HMSY) hit a new 52-week high and low during trading on Thursday . The company traded as low as $23.40 and last traded at $22.91, with a volume of 30183 shares traded. The stock had previously closed at $22.74.
HMSY has been the topic of a number of analyst reports. TheStreet raised shares of HMS from a “c+” rating to a “b” rating in a research note on Tuesday, April 17th. BidaskClub raised shares of HMS from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. Canaccord Genuity raised their price objective on shares of HMS from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. ValuEngine raised shares of HMS from a “hold” rating to a “buy” rating in a research note on Saturday, May 26th. Finally, Zacks Investment Research raised shares of HMS from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Saturday, June 9th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. HMS presently has a consensus rating of “Buy” and a consensus target price of $20.72.
The company has a market cap of $1.86 billion, a PE ratio of 53.42, a price-to-earnings-growth 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 released its quarterly earnings results on Friday, May 4th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. HMS had a net margin of 8.20% and a return on equity of 8.01%. The firm had revenue of $141.40 million for the quarter, compared to analysts’ expectations of $130.10 million. During the same quarter last year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. research analysts anticipate that HMS Holdings Corp will post 0.65 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in HMS by 75.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,016,623 shares of the business services provider’s stock valued at $51,132,000 after acquiring an additional 1,292,855 shares during the period. BlackRock Inc. grew its stake in HMS by 3.0% in the 4th quarter. BlackRock Inc. now owns 10,812,870 shares of the business services provider’s stock valued at $183,279,000 after acquiring an additional 316,963 shares during the period. Penbrook Management LLC acquired a new stake in HMS in the 4th quarter valued at $541,000. Landscape Capital Management L.L.C. acquired a new stake in HMS in the 4th quarter valued at $430,000. Finally, Goldman Sachs Group Inc. grew its stake in HMS by 0.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,859,764 shares of the business services provider’s stock valued at $31,523,000 after acquiring an additional 11,647 shares during the period. 97.89% of the stock is currently owned by hedge funds and other institutional investors.
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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