A number of other research firms have also recently commented on HMSY. CJS Securities cut HMS from an â€œoutperformâ€ rating to a â€œmarket performâ€ rating in a report on Monday, December 21st. TheStreet raised HMS from a â€œc+â€ rating to a â€œbâ€ rating in a report on Friday, November 6th. Credit Suisse Group cut HMS from an â€œoutperformâ€ rating to a â€œneutralâ€ rating and decreased their price target for the company from $38.00 to $37.00 in a report on Tuesday, December 22nd. SVB Leerink lowered HMS from an â€œoutperformâ€ rating to a â€œmarket performâ€ rating in a research report on Monday, December 21st. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on HMS from $35.00 to $37.00 and gave the company a â€œneutralâ€ rating in a research report on Tuesday, December 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the stock. HMS has a consensus rating of â€œHoldâ€ and an average target price of $33.40.
HMSY stock opened at $36.61 on Tuesday. The company has a market cap of $3.24 billion, a P/E ratio of 60.02, a price-to-earnings-growth ratio of 3.06 and a beta of 0.78. HMS has a 1 year low of $18.19 and a 1 year high of $36.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.71 and a quick ratio of 4.71. The stockâ€™s fifty day moving average price is $33.08 and its 200-day moving average price is $30.08.
HMS (NASDAQ:HMSY) last released its quarterly earnings results on Wednesday, November 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacksâ€™ consensus estimate of $0.30. The firm had revenue of $165.20 million for the quarter, compared to the consensus estimate of $171.79 million. HMS had a return on equity of 8.86% and a net margin of 8.51%. The companyâ€™s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. As a group, analysts expect that HMS will post 1.04 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE grew its position in HMS by 180.9% in the second quarter. US Bancorp DE now owns 2,216 shares of the business services providerâ€™s stock worth $72,000 after acquiring an additional 1,427 shares in the last quarter. Point72 Hong Kong Ltd boosted its position in shares of HMS by 205.4% during the second quarter. Point72 Hong Kong Ltd now owns 3,228 shares of the business services providerâ€™s stock valued at $105,000 after buying an additional 2,171 shares during the period. 6 Meridian purchased a new position in shares of HMS during the third quarter valued at approximately $213,000. Advisor Group Holdings Inc. boosted its position in shares of HMS by 56.7% during the second quarter. Advisor Group Holdings Inc. now owns 6,933 shares of the business services providerâ€™s stock valued at $225,000 after buying an additional 2,510 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new position in shares of HMS during the third quarter valued at approximately $286,000. Institutional investors own 87.31% of the companyâ€™s stock.
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.
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