HMS (HMSY) Stock Rating Upgraded by BidaskClub

HMS (NASDAQ:HMSY) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

HMSY has been the topic of a number of other reports. Zacks Investment Research upgraded shares of HMS from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Citigroup started coverage on shares of HMS in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Canaccord Genuity raised their target price on shares of HMS from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. ValuEngine lowered shares of HMS from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Cantor Fitzgerald restated a “hold” rating and set a $17.00 target price on shares of HMS in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $19.81.

HMSY stock opened at $17.21 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.16 and a current ratio of 3.16. HMS has a twelve month low of $11.01 and a twelve month high of $20.90. The company has a market cap of $1,394.60, a price-to-earnings ratio of 40.02, a P/E/G ratio of 2.35 and a beta of 0.84.



HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). HMS had a return on equity of 7.33% and a net margin of 7.56%. The company had revenue of $148.49 million for the quarter, compared to analyst estimates of $136.77 million. During the same period in the previous year, the business posted $0.20 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. analysts predict that HMS will post 0.65 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc grew its position in shares of HMS by 2.3% during the third quarter. Legal & General Group Plc now owns 163,028 shares of the business services provider’s stock worth $3,239,000 after acquiring an additional 3,598 shares during the last quarter. American International Group Inc. grew its position in HMS by 5.8% in the 3rd quarter. American International Group Inc. now owns 66,447 shares of the business services provider’s stock valued at $1,320,000 after buying an additional 3,632 shares during the last quarter. Pinebridge Investments L.P. grew its position in HMS by 8.9% in the 4th quarter. Pinebridge Investments L.P. now owns 49,155 shares of the business services provider’s stock valued at $834,000 after buying an additional 3,997 shares during the last quarter. California Public Employees Retirement System grew its position in HMS by 2.3% in the 4th quarter. California Public Employees Retirement System now owns 195,927 shares of the business services provider’s stock valued at $3,321,000 after buying an additional 4,372 shares during the last quarter. Finally, Fairpointe Capital LLC grew its position in HMS by 3.3% in the 4th quarter. Fairpointe Capital LLC now owns 157,400 shares of the business services provider’s stock valued at $2,668,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 99.48% of the company’s stock.

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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.

Analyst Recommendations for HMS (NASDAQ:HMSY)

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