Canaccord Genuity reissued their buy rating on shares of HMS Holdings Corp (NASDAQ:HMSY) in a research note issued to investors on Monday. The firm currently has a $22.00 price objective on the business services provider’s stock.

Several other equities analysts have also issued reports on HMSY. UBS AG upgraded HMS Holdings Corp from an outperform rating to a strong-buy rating in a research report on Thursday, August 10th. BidaskClub lowered HMS Holdings Corp from a hold rating to a sell rating in a research report on Thursday, August 10th. Zacks Investment Research lowered HMS Holdings Corp from a buy rating to a hold rating in a research report on Wednesday, August 9th. Raymond James Financial, Inc. upgraded HMS Holdings Corp from an outperform rating to a strong-buy rating and set a $23.00 price target on the stock in a research report on Thursday, August 10th. Finally, Cantor Fitzgerald restated a buy rating and set a $23.00 price target on shares of HMS Holdings Corp in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. HMS Holdings Corp has an average rating of Buy and a consensus target price of $22.94.

HMS Holdings Corp (NASDAQ:HMSY) last posted its quarterly earnings results on Friday, August 4th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). HMS Holdings Corp had a return on equity of 9.26% and a net margin of 6.37%. The company had revenue of $133.31 million for the quarter, compared to the consensus estimate of $135.96 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. HMS Holdings Corp’s revenue was up 9.7% compared to the same quarter last year.

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In other news, Chairman William C. Lucia sold 29,894 shares of HMS Holdings Corp stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $20.00, for a total value of $597,880.00. Following the sale, the chairman now directly owns 222,745 shares in the company, valued at approximately $4,454,900. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Douglas M. Williams sold 13,140 shares of HMS Holdings Corp stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $17.78, for a total value of $233,629.20. Following the completion of the sale, the insider now owns 121,264 shares in the company, valued at $2,156,073.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,675 shares of company stock worth $1,602,166. Corporate insiders own 3.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Riverhead Capital Management LLC grew its position in shares of HMS Holdings Corp by 80.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after buying an additional 2,492 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of HMS Holdings Corp in the 2nd quarter worth approximately $198,000. Oppenheimer & Co. Inc. grew its position in shares of HMS Holdings Corp by 1.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,867 shares of the business services provider’s stock worth $201,000 after buying an additional 200 shares during the last quarter. Amalgamated Bank grew its position in shares of HMS Holdings Corp by 3.8% in the 2nd quarter. Amalgamated Bank now owns 11,574 shares of the business services provider’s stock worth $214,000 after buying an additional 419 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of HMS Holdings Corp in the 1st quarter worth approximately $268,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

HMS Holdings Corp Company Profile

HMS Holdings Corp. is a holding company. The Company, through its subsidiaries, operates in the United States healthcare insurance benefit cost containment marketplace. It provides coordination of benefits services to government, and private healthcare payers and sponsors. Its payment integrity services ensure that healthcare claims billed are accurate and appropriate.

Analyst Recommendations for HMS Holdings Corp (NASDAQ:HMSY)

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