HMS Holdings Corp. (NASDAQ:HMSY) Given Consensus Rating of “Hold” by Brokerages

Shares of HMS Holdings Corp. (NASDAQ:HMSY) have received a consensus rating of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $33.00.

A number of brokerages have weighed in on HMSY. Cantor Fitzgerald downgraded HMS from an “overweight” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Wednesday, December 23rd. Smith Barney Citigroup downgraded HMS from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $37.00 in a research report on Tuesday, December 22nd. Robert W. Baird downgraded HMS from an “outperform” rating to a “neutral” rating in a research report on Monday, December 21st. Credit Suisse Group downgraded HMS from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $37.00 in a research report on Tuesday, December 22nd. Finally, Wells Fargo & Company downgraded HMS from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 24th.

HMSY opened at $36.75 on Friday. HMS has a 52-week low of $18.19 and a 52-week high of $36.95. The firm has a market capitalization of $3.25 billion, a PE ratio of 60.25, a PEG ratio of 3.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 4.71 and a current ratio of 4.71. The business’s 50-day simple moving average is $32.68 and its 200 day simple moving average is $30.00.

HMS (NASDAQ:HMSY) last released its earnings results on Wednesday, November 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $165.20 million for the quarter, compared to analyst estimates of $171.79 million. HMS had a return on equity of 8.86% and a net margin of 8.51%. HMS’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. On average, research analysts forecast that HMS will post 1.04 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Sei Investments Co. grew its position in HMS by 6.1% during the third quarter. Sei Investments Co. now owns 384,499 shares of the business services provider’s stock worth $9,210,000 after buying an additional 22,173 shares in the last quarter. Paloma Partners Management Co acquired a new stake in HMS during the third quarter worth approximately $550,000. Twinbeech Capital LP acquired a new stake in HMS during the third quarter worth approximately $407,000. Voloridge Investment Management LLC acquired a new stake in HMS during the third quarter worth approximately $337,000. Finally, Neo Ivy Capital Management acquired a new stake in HMS during the third quarter worth approximately $569,000. 87.31% of the stock is currently owned by institutional investors and hedge funds.

About HMS

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. The company offers coordination of benefits services to government and commercial healthcare payers to ensure that the correct party pays the claim; and population management solutions that provide risk-bearing organizations with intelligence across their member populations to identify risks, and enhance patient engagement and outcomes, as well as payment integrity, care management and consumer engagement, and analytical solutions.

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Analyst Recommendations for HMS (NASDAQ:HMSY)

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