HMS (HMSY) Stock Rating Upgraded by BidaskClub

HMS (NASDAQ:HMSY) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

HMSY has been the subject of a number of other research reports. Robert W. Baird reissued a “buy” rating and issued a $30.00 target price on shares of HMS in a report on Friday, August 3rd. Cantor Fitzgerald raised their target price on HMS to $31.00 and gave the company a “neutral” rating in a report on Monday. First Analysis raised HMS from a “neutral” rating to an “outperform” rating and raised their target price for the company from $31.00 to $38.00 in a report on Sunday. Citigroup raised HMS from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.00 to $35.00 in a report on Monday, August 6th. Finally, Leerink Swann raised their target price on HMS from $25.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, August 6th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $32.00.

HMS stock opened at $35.71 on Wednesday. HMS has a one year low of $14.88 and a one year high of $36.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.04 and a quick ratio of 3.87. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 83.05, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32.

HMS (NASDAQ:HMSY) last released its earnings results on Friday, November 2nd. The business services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. HMS had a return on equity of 10.63% and a net margin of 8.01%. The company had revenue of $154.20 million during the quarter, compared to the consensus estimate of $140.93 million. During the same quarter last year, the company earned $0.19 earnings per share. HMS’s quarterly revenue was up 22.7% compared to the same quarter last year. On average, analysts predict that HMS will post 0.76 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in HMS by 7.0% in the 2nd quarter. BlackRock Inc. now owns 11,583,749 shares of the business services provider’s stock valued at $250,443,000 after buying an additional 759,265 shares during the period. American Capital Management Inc. grew its holdings in HMS by 0.8% in the 2nd quarter. American Capital Management Inc. now owns 2,389,449 shares of the business services provider’s stock valued at $51,660,000 after buying an additional 17,895 shares during the period. Northern Trust Corp grew its holdings in HMS by 1.4% in the 2nd quarter. Northern Trust Corp now owns 1,133,001 shares of the business services provider’s stock valued at $24,495,000 after buying an additional 15,596 shares during the period. Standard Life Aberdeen plc grew its holdings in HMS by 34.2% in the 2nd quarter. Standard Life Aberdeen plc now owns 1,060,125 shares of the business services provider’s stock valued at $22,915,000 after buying an additional 269,878 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in HMS by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 689,482 shares of the business services provider’s stock valued at $11,611,000 after buying an additional 24,762 shares during the period. Institutional investors own 95.24% of the company’s stock.

About HMS

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.

Featured Story: What is the Book Value of a Share?

Analyst Recommendations for HMS (NASDAQ:HMSY)

Receive News & Ratings for HMS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HMS and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply