HMS (NASDAQ:HMSY) was upgraded by stock analysts at Cantor Fitzgerald from a “neutral” rating to an “overweight” rating in a report released on Tuesday, The Fly reports.

Other research analysts have also recently issued reports about the company. BidaskClub cut HMS from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 18th. ValuEngine cut HMS from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 17th. Finally, Zacks Investment Research raised HMS from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, January 16th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $33.04.

HMSY stock opened at $27.64 on Tuesday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.64 billion, a PE ratio of 32.90, a PEG ratio of 2.84 and a beta of 1.61. HMS has a fifty-two week low of $17.11 and a fifty-two week high of $38.15.

HMS (NASDAQ:HMSY) last posted its quarterly earnings data on Friday, February 22nd. The business services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $155.80 million during the quarter, compared to analysts’ expectations of $155.84 million. HMS had a return on equity of 14.21% and a net margin of 9.19%. HMS’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. As a group, equities research analysts anticipate that HMS will post 0.97 EPS for the current fiscal year.

In related news, insider Meredith W. Bjorck sold 2,362 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $30.10, for a total transaction of $71,096.20. Following the completion of the transaction, the insider now directly owns 51,755 shares of the company’s stock, valued at $1,557,825.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Douglas M. Williams sold 39,393 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $34.64, for a total value of $1,364,573.52. Following the transaction, the chief operating officer now directly owns 112,578 shares of the company’s stock, valued at $3,899,701.92. The disclosure for this sale can be found here. Insiders have sold 1,018,795 shares of company stock valued at $35,023,853 over the last three months. Insiders own 4.54% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in HMS by 1.4% in 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 during the period. Pembroke Management LTD raised its stake in HMS by 5.9% in the first quarter. Pembroke Management LTD now owns 898,265 shares of the business services provider’s stock valued at $26,598,000 after buying an additional 49,688 shares during the period. CAPROCK Group Inc. bought a new stake in HMS in the first quarter valued at approximately $207,000. State of Alaska Department of Revenue raised its stake in HMS by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 28,723 shares of the business services provider’s stock valued at $850,000 after buying an additional 665 shares during the period. Finally, Tibra Equities Europe Ltd bought a new stake in HMS in the first quarter valued at approximately $865,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: How mutual funds make money

The Fly

Analyst Recommendations for HMS (NASDAQ:HMSY)

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.