HMS (NASDAQ:HMSY) had its price objective trimmed by Citigroup from $19.00 to $18.00 in a research note released on Tuesday morning. The firm currently has a neutral rating on the business services provider’s stock.
Several other analysts have also issued reports on HMSY. Canaccord Genuity upped their price target on shares of HMS from $17.00 to $20.00 and gave the company a buy rating in a research report on Tuesday. Cantor Fitzgerald restated a hold rating and set a $17.00 price target on shares of HMS in a research report on Friday, February 23rd. Zacks Investment Research lowered shares of HMS from a hold rating to a sell rating in a research report on Saturday, February 17th. Wells Fargo & Co restated an outperform rating and set a $20.00 price target (down from $25.50) on shares of HMS in a research report on Wednesday, November 29th. Finally, BidaskClub lowered shares of HMS from a sell rating to a strong sell rating in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. HMS has an average rating of Buy and a consensus target price of $20.50.
Shares of HMS (NASDAQ:HMSY) opened at $16.67 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 3.16. HMS has a 1 year low of $11.01 and a 1 year high of $20.90. The stock has a market cap of $1,580.30, a PE ratio of 36.24, a price-to-earnings-growth ratio of 2.44 and a beta of 0.84.
HMS declared that its Board of Directors has approved a stock repurchase plan on Friday, November 3rd that permits the company to buyback $50.00 million in shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
Several large investors have recently modified their holdings of HMSY. FMR LLC bought a new position in shares of HMS during the second quarter valued at about $3,617,000. Parametric Portfolio Associates LLC raised its stake in HMS by 15.8% in the second quarter. Parametric Portfolio Associates LLC now owns 152,580 shares of the business services provider’s stock worth $2,823,000 after buying an additional 20,802 shares in the last quarter. Voya Investment Management LLC raised its stake in HMS by 7.3% in the second quarter. Voya Investment Management LLC now owns 39,092 shares of the business services provider’s stock worth $723,000 after buying an additional 2,676 shares in the last quarter. State Street Corp raised its stake in HMS by 4.4% in the second quarter. State Street Corp now owns 2,217,293 shares of the business services provider’s stock worth $41,018,000 after buying an additional 92,900 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in HMS by 12.9% in the third quarter. Nationwide Fund Advisors now owns 111,019 shares of the business services provider’s stock worth $2,205,000 after buying an additional 12,726 shares in the last quarter. 96.62% of the stock is owned by hedge funds and other institutional investors.
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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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