HMS (HMSY) Lowered to “Sell” at BidaskClub

BidaskClub cut shares of HMS (NASDAQ:HMSY) from a hold rating to a sell rating in a report published on Wednesday morning.

Several other equities analysts have also commented on HMSY. 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. Citigroup reduced their price objective on shares of HMS from $19.00 to $18.00 and set a neutral rating for the company in a report on Tuesday, February 27th. Zacks Investment Research downgraded shares of HMS from a hold rating to a sell rating in a report on Wednesday, February 28th. ValuEngine downgraded shares of HMS from a hold rating to a sell rating in a report on Thursday, March 1st. Finally, Canaccord Genuity upped their price objective on shares of HMS from $17.00 to $20.00 and gave the stock a buy rating in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $19.81.

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HMS stock opened at $16.93 on Wednesday. The stock has a market cap of $1,408.75, a PE ratio of 34.55, a PEG ratio of 2.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.16 and a quick ratio of 3.16. HMS has a one year low of $11.01 and a one year high of $20.90.

HMS (NASDAQ:HMSY) last released its quarterly earnings results 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). The firm had revenue of $148.49 million for the quarter, compared to the consensus estimate of $136.77 million. HMS had a return on equity of 7.33% and a net margin of 7.56%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 EPS. equities research analysts predict that HMS will post 0.65 EPS for the current year.

A number of hedge funds have recently bought and sold shares of HMSY. Zions Bancorporation acquired a new stake in HMS in the third quarter worth about $116,000. Rathbone Brothers plc acquired a new stake in HMS in the fourth quarter worth about $207,000. Xact Kapitalforvaltning AB acquired a new stake in HMS in the fourth quarter worth about $226,000. Koch Industries Inc. acquired a new stake in HMS in the fourth quarter worth about $227,000. Finally, Hartford Investment Management Co. acquired a new stake in HMS in the third quarter worth about $228,000. 99.48% of the stock is owned by institutional investors and hedge funds.

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HMS Company Profile

HMS Holdings Corp., through its subsidiaries, provides cost containment solutions in the United States healthcare marketplace. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as offers care management and consumer engagement solutions.

Analyst Recommendations for HMS (NASDAQ:HMSY)

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