KeyCorp assumed coverage on shares of HMS (NASDAQ:HMSY) in a research report report published on Monday morning, Benzinga reports. The firm issued a sector weight rating and a $31.86 target price on the business services provider’s stock.
HMSY has been the subject of several other reports. Zacks Investment Research lowered HMS from a hold rating to a sell rating in a research note on Wednesday, April 3rd. William Blair reissued an outperform rating on shares of HMS in a research report on Thursday, March 14th. BidaskClub downgraded HMS from a buy rating to a hold rating in a research report on Wednesday, March 6th. Finally, Cantor Fitzgerald downgraded HMS from an overweight rating to a neutral rating and set a $29.40 price target for the company. in a research report on Wednesday, April 17th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $33.02.
HMS stock opened at $30.97 on Monday. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 36.87, a P/E/G ratio of 2.72 and a beta of 1.46. The firm has a fifty day simple moving average of $30.87. HMS has a 52 week low of $21.46 and a 52 week high of $38.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.34 and a quick ratio of 5.34.
HMS (NASDAQ:HMSY) last released its earnings results on Friday, May 3rd. The business services provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.16. The firm had revenue of $148.00 million during the quarter, compared to analyst estimates of $144.13 million. HMS had a return on equity of 14.02% and a net margin of 11.28%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. As a group, equities research analysts forecast that HMS will post 1.03 EPS for the current fiscal year.
In other HMS news, Chairman William C. Lucia sold 59,862 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $30.31, for a total transaction of $1,814,417.22. Following the sale, the chairman now owns 182,397 shares in the company, valued at $5,528,453.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Meredith W. Bjorck sold 7,954 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $30.60, for a total value of $243,392.40. Following the sale, the insider now owns 51,755 shares in the company, valued at approximately $1,583,703. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,670 shares of company stock worth $5,662,198. Insiders own 2.87% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Natixis Advisors L.P. raised its stake in HMS by 3.2% during the fourth quarter. Natixis Advisors L.P. now owns 10,845 shares of the business services provider’s stock valued at $305,000 after buying an additional 336 shares in the last quarter. Redmond Asset Management LLC raised its stake in HMS by 0.8% during the first quarter. Redmond Asset Management LLC now owns 51,121 shares of the business services provider’s stock valued at $1,514,000 after buying an additional 421 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in HMS by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 31,900 shares of the business services provider’s stock valued at $945,000 after buying an additional 436 shares in the last quarter. Cookson Peirce & Co. Inc. raised its stake in HMS by 1.3% during the first quarter. Cookson Peirce & Co. Inc. now owns 34,945 shares of the business services provider’s stock valued at $1,035,000 after buying an additional 445 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in HMS by 1.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,266 shares of the business services provider’s stock valued at $867,000 after buying an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.
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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