HMS (HMSY) Upgraded at BidaskClub

HMS (NASDAQ:HMSY) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

HMSY has been the topic of several other reports. Citigroup started coverage on shares of HMS in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. Zacks Investment Research lowered shares of HMS from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Cantor Fitzgerald reiterated a “hold” rating and issued a $17.00 price objective on shares of HMS in a research report on Friday, February 23rd. ValuEngine lowered shares of HMS from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Canaccord Genuity upped their target price on shares of HMS from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.50.

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HMSY stock traded up $0.01 during trading on Friday, hitting $16.74. 789,846 shares of the company traded hands, compared to its average volume of 606,168. HMS has a 1-year low of $11.01 and a 1-year high of $20.90. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1,386.77, a price-to-earnings ratio of 36.39, a PEG ratio of 2.35 and a beta of 0.86.

HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, February 23rd. The business services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.07). HMS had a return on equity of 7.33% and a net margin of 7.56%. The business had revenue of $148.49 million during the quarter, compared to analysts’ expectations of $136.77 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. HMS’s quarterly revenue was up 18.2% on a year-over-year basis. research analysts forecast that HMS will post 0.65 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Zions Bancorporation purchased a new position in HMS in the 3rd quarter valued at about $116,000. Hartford Investment Management Co. purchased a new position in HMS in the 3rd quarter valued at about $228,000. Rathbone Brothers plc purchased a new position in HMS in the 4th quarter valued at about $207,000. Xact Kapitalforvaltning AB purchased a new position in HMS in the 4th quarter valued at about $226,000. Finally, Koch Industries Inc. purchased a new position in HMS in the 4th quarter valued at about $227,000. Institutional investors own 99.42% of the company’s stock.

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About HMS

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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