BidaskClub lowered shares of HMS (NASDAQ:HMSY) from a buy rating to a hold rating in a research report released on Tuesday, BidAskClub reports.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of HMS from a hold rating to a sell rating in a report on Wednesday, April 3rd. Guggenheim initiated coverage on shares of HMS in a research report on Wednesday, April 17th. They issued a buy rating on the stock. Finally, Cantor Fitzgerald raised shares of HMS from a neutral rating to an overweight rating in a research report on Tuesday, April 16th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $33.14.

HMSY opened at $31.15 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.34 and a current ratio of 5.34. HMS has a 1-year low of $21.46 and a 1-year high of $38.15. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 2.64 and a beta of 1.45.

HMS (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, May 3rd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.16. The firm had revenue of $148.00 million during the quarter, compared to analysts’ expectations of $144.13 million. HMS had a net margin of 11.28% and a return on equity of 14.02%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. On average, equities analysts anticipate that HMS will post 1.03 EPS for the current year.

In other HMS news, Director William F. Miller III sold 16,953 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $32.50, for a total value of $550,972.50. Following the completion of the sale, the director now owns 157,418 shares of the company’s stock, valued at $5,116,085. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Meredith W. Bjorck sold 2,362 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.10, for a total value of $71,096.20. Following the completion of the sale, the insider now directly owns 51,755 shares of the company’s stock, valued at approximately $1,557,825.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,761 shares of company stock worth $4,398,753. Insiders own 2.87% of the company’s stock.

A number of institutional investors have recently bought and sold shares of HMSY. Nordea Investment Management AB grew its holdings in HMS by 117.1% in the 1st quarter. Nordea Investment Management AB now owns 281,963 shares of the business services provider’s stock valued at $8,350,000 after buying an additional 152,063 shares during the period. BlueMountain Capital Management LLC lifted its position in HMS by 12.3% during the 1st quarter. BlueMountain Capital Management LLC now owns 9,741 shares of the business services provider’s stock worth $288,000 after acquiring an additional 1,064 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in HMS during the 1st quarter worth approximately $270,000. Premia Global Advisors LLC acquired a new position in shares of HMS in the 1st quarter valued at approximately $47,000. Finally, SEI Investments Co raised its position in shares of HMS by 17.4% in the 1st quarter. SEI Investments Co now owns 321,762 shares of the business services provider’s stock valued at $9,530,000 after purchasing an additional 47,628 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

HMS Company Profile

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.

Further Reading: Green Investing

Analyst Recommendations for HMS (NASDAQ:HMSY)

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