BidaskClub lowered shares of HMS (NASDAQ:HMSY) from a hold rating to a sell rating in a report published on Saturday morning.

Other equities analysts have also issued research reports about the company. Canaccord Genuity reiterated a buy rating and issued a $22.00 target price on shares of HMS in a research note on Monday, October 30th. Cantor Fitzgerald reiterated a buy rating and issued a $23.00 target price on shares of HMS in a research note on Tuesday, September 26th. Robert W. Baird reiterated a buy rating and issued a $17.00 target price on shares of HMS in a research note on Friday, November 10th. Zacks Investment Research upgraded HMS from a sell rating to a hold rating in a research note on Friday, January 5th. Finally, Jefferies Group reiterated a neutral rating on shares of HMS in a research note on Sunday, November 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $20.39.

HMS (NASDAQ HMSY) opened at $17.70 on Friday. The company has a market capitalization of $1,470.00, a price-to-earnings ratio of 61.03, a PEG ratio of 2.54 and a beta of 0.88. HMS has a 52 week low of $11.01 and a 52 week high of $20.90.

HMS (NASDAQ:HMSY) last posted its earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). HMS had a net margin of 4.94% and a return on equity of 7.93%. The company had revenue of $125.70 million during the quarter, compared to analysts’ expectations of $147.62 million. During the same quarter last year, the firm earned $0.24 EPS. HMS’s revenue for the quarter was up 2.3% on a year-over-year basis. analysts forecast that HMS will post 0.55 earnings per share for the current fiscal year.

HMS announced that its Board of Directors has authorized a share buyback program on Friday, November 3rd that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Hedge funds have recently modified their holdings of the company. Riverhead Capital Management LLC grew its stake in shares of HMS by 80.4% during the second quarter. Riverhead Capital Management LLC now owns 5,592 shares of the business services provider’s stock worth $104,000 after acquiring an additional 2,492 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of HMS during the third quarter worth about $116,000. Pitcairn Co. purchased a new stake in shares of HMS during the third quarter worth about $203,000. Hartford Investment Management Co. purchased a new stake in shares of HMS during the third quarter worth about $228,000. Finally, Amalgamated Bank grew its stake in shares of HMS by 3.8% during the second quarter. Amalgamated Bank now owns 11,574 shares of the business services provider’s stock worth $214,000 after acquiring an additional 419 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

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HMS 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 (NASDAQ:HMSY)

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