HMS (HMSY) Stock Rating Lowered by BidaskClub
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 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.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://theolympiareport.com/2018/01/24/hms-hmsy-stock-rating-lowered-by-bidaskclub.html.
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.
Receive News & Ratings for HMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS and related companies with MarketBeat.com's FREE daily email newsletter.