The HMS Holdings Corp. (HMSY) Receives Consensus Recommendation of “Buy” from Brokerages

The HMS Holdings Corp. (HMSY) Receives Consensus Recommendation of “Buy” from Brokerages

HMS Holdings Corp. (NASDAQ:HMSY) has received an average recommendation of “Buy” from the seven ratings firms that are covering the firm. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.75.

HMSY has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of HMS Holdings Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Jefferies Group reaffirmed a “buy” rating on shares of HMS Holdings Corp. in a report on Friday, August 5th. Finally, TheStreet raised shares of HMS Holdings Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th.

HMS Holdings Corp. (NASDAQ:HMSY) opened at 20.87 on Thursday. The company has a 50-day moving average price of $21.87 and a 200-day moving average price of $18.79. HMS Holdings Corp. has a 12-month low of $9.51 and a 12-month high of $24.00. The firm has a market capitalization of $1.76 billion, a PE ratio of 63.05 and a beta of 0.81.

HMS Holdings Corp. (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. The firm earned $123.60 million during the quarter, compared to the consensus estimate of $116.85 million. HMS Holdings Corp. had a net margin of 5.86% and a return on equity of 8.83%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. On average, analysts predict that HMS Holdings Corp. will post $0.69 earnings per share for the current year.

In other HMS Holdings Corp. news, CEO William C. Lucia sold 45,280 shares of HMS Holdings Corp. stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $22.09, for a total value of $1,000,235.20. Following the completion of the sale, the chief executive officer now directly owns 194,982 shares of the company’s stock, valued at approximately $4,307,152.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Becker bought 5,000 shares of the stock in a transaction on Wednesday, September 14th. The stock was purchased at an average cost of $21.96 per share, with a total value of $109,800.00. Following the completion of the purchase, the director now directly owns 11,701 shares in the company, valued at approximately $256,953.96. The disclosure for this purchase can be found here. Insiders own 2.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in HMSY. Creative Planning boosted its stake in HMS Holdings Corp. by 400,000.0% in the second quarter. Creative Planning now owns 8,002 shares of the company’s stock valued at $141,000 after buying an additional 8,000 shares during the last quarter. Hood River Capital Management LLC purchased a new stake in HMS Holdings Corp. during the second quarter valued at approximately $10,627,000. Canada Pension Plan Investment Board boosted its stake in HMS Holdings Corp. by 2,232.1% in the first quarter. Canada Pension Plan Investment Board now owns 181,900 shares of the company’s stock valued at $2,610,000 after buying an additional 174,100 shares during the last quarter. Springbok Capital Management LLC boosted its stake in HMS Holdings Corp. by 24.1% in the first quarter. Springbok Capital Management LLC now owns 14,500 shares of the company’s stock valued at $208,000 after buying an additional 2,820 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in HMS Holdings Corp. by 3.0% in the first quarter. Aperio Group LLC now owns 21,096 shares of the company’s stock valued at $303,000 after buying an additional 619 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

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