Citigroup assumed coverage on shares of HMS (NASDAQ:HMSY) in a research note issued to investors on Thursday, January 4th, The Fly reports. The brokerage issued a neutral rating on the business services provider’s stock.

Other equities research analysts have also issued reports about the company. BidaskClub raised HMS from a sell rating to a hold rating in a research report on Wednesday, December 6th. Cantor Fitzgerald reaffirmed a hold rating and set a $16.00 target price on shares of HMS in a research report on Sunday, November 19th. Canaccord Genuity decreased their target price on HMS from $22.00 to $17.00 and set a buy rating for the company in a research report on Monday, November 6th. Robert W. Baird reaffirmed a buy rating and set a $17.00 target price on shares of HMS in a research report on Friday, November 10th. Finally, Jefferies Group reiterated a neutral rating on shares of HMS in a research note on Sunday, November 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. HMS currently has a consensus rating of Buy and a consensus target price of $20.39.

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Shares of HMS (HMSY) traded down $0.08 during trading hours on Thursday, hitting $17.57. The stock had a trading volume of 68,537 shares, compared to its average volume of 428,898. HMS has a one year low of $11.01 and a one year high of $20.90. The firm has a market capitalization of $1,490.80, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.61 and a beta of 0.88.

HMS (NASDAQ:HMSY) last issued its earnings results on Friday, November 3rd. The business services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). The firm had revenue of $125.70 million for the quarter, compared to analyst estimates of $147.62 million. HMS had a return on equity of 7.93% and a net margin of 4.94%. HMS’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. sell-side analysts anticipate that HMS will post 0.55 EPS for the current fiscal year.

HMS announced that its Board of Directors has initiated a share buyback plan on Friday, November 3rd that allows the company to buyback $50.00 million in shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently modified their holdings of HMSY. Eqis Capital Management Inc. purchased a new position in shares of HMS during the 4th quarter valued at about $473,000. Rathbone Brothers plc purchased a new position in shares of HMS during the 4th quarter valued at about $207,000. Smith Graham & Co. Investment Advisors LP raised its holdings in shares of HMS by 7.8% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 567,622 shares of the business services provider’s stock valued at $9,621,000 after buying an additional 41,010 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of HMS by 6.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 537,678 shares of the business services provider’s stock valued at $9,114,000 after buying an additional 31,023 shares in the last quarter. Finally, Clean Yield Group increased its stake in HMS by 37.7% in the 4th quarter. Clean Yield Group now owns 59,885 shares of the business services provider’s stock worth $1,015,000 after purchasing an additional 16,410 shares during the period. Hedge funds and other institutional investors own 96.02% 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.

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Analyst Recommendations for HMS (NASDAQ:HMSY)

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