HMS (NASDAQ:HMSY) had its price objective increased by Canaccord Genuity from $17.00 to $20.00 in a research report sent to investors on Tuesday morning. Canaccord Genuity currently has a buy rating on the business services provider’s stock.
Several other equities research analysts also recently weighed in on the stock. BidaskClub raised shares of HMS from a sell rating to a hold rating in a research report on Wednesday, December 6th. Cantor Fitzgerald reissued a hold rating and set a $16.00 price target on shares of HMS in a research report on Sunday, November 19th. Robert W. Baird reissued a buy rating and set a $17.00 price target on shares of HMS in a research report on Friday, November 10th. Zacks Investment Research raised shares of HMS from a sell rating to a hold rating in a research report on Friday, January 5th. Finally, Jefferies Group reissued a neutral rating on shares of HMS in a research report on Sunday, November 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned 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 price target of $20.50.
Shares of HMS (NASDAQ:HMSY) opened at $16.67 on Tuesday. The firm has a market cap of $1,580.30, a P/E ratio of 36.24, a P/E/G ratio of 2.44 and a beta of 0.84. The company has a current ratio of 3.16, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40. HMS has a 1 year low of $11.01 and a 1 year high of $20.90.
HMS announced that its board has approved a share repurchase program on Friday, November 3rd that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
A number of large investors have recently bought and sold shares of HMSY. Zions Bancorporation bought a new stake in HMS in the 3rd quarter worth approximately $116,000. Pitcairn Co. bought a new stake in HMS in the 3rd quarter worth approximately $203,000. Rathbone Brothers plc bought a new stake in HMS in the 4th quarter worth approximately $207,000. Xact Kapitalforvaltning AB bought a new stake in HMS in the 4th quarter worth approximately $226,000. Finally, Koch Industries Inc. bought a new stake in HMS in the 4th quarter worth approximately $227,000. 96.62% of the stock is owned by institutional investors and hedge funds.
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.
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