Shares of HMS Holdings Corp (NASDAQ:HMSY) have been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $23.60.

HMSY has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of HMS Holdings Corp from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, January 10th. Oppenheimer Holdings Inc. set a $25.00 target price on shares of HMS Holdings Corp and gave the company a “buy” rating in a research report on Friday, February 17th. First Analysis downgraded shares of HMS Holdings Corp from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $24.00 to $21.00 in a research report on Monday, February 27th. TheStreet raised shares of HMS Holdings Corp from a “c+” rating to a “b-” rating in a research report on Monday, March 13th. Finally, Raymond James Financial, Inc. initiated coverage on shares of HMS Holdings Corp in a research report on Friday, March 3rd. They issued an “outperform” rating and a $23.00 target price on the stock.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of HMS Holdings Corp during the fourth quarter worth $21,392,000. UBS Asset Management Americas Inc. boosted its stake in shares of HMS Holdings Corp by 1,371.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 715,550 shares of the business services provider’s stock worth $12,995,000 after buying an additional 666,929 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of HMS Holdings Corp by 388.4% in the third quarter. Teachers Advisors LLC now owns 670,276 shares of the business services provider’s stock worth $14,860,000 after buying an additional 533,028 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of HMS Holdings Corp by 6.4% in the third quarter. BlackRock Fund Advisors now owns 6,218,591 shares of the business services provider’s stock worth $137,866,000 after buying an additional 372,382 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of HMS Holdings Corp by 123.9% in the third quarter. JPMorgan Chase & Co. now owns 582,975 shares of the business services provider’s stock worth $12,925,000 after buying an additional 322,557 shares in the last quarter. 96.43% of the stock is currently owned by hedge funds and other institutional investors.

HMS Holdings Corp (NASDAQ:HMSY) opened at 20.24 on Friday. The company’s 50-day moving average is $19.10 and its 200 day moving average is $19.05. HMS Holdings Corp has a one year low of $14.24 and a one year high of $24.00. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 47.07 and a beta of 0.97.

HMS Holdings Corp (NASDAQ:HMSY) last announced its quarterly earnings data on Friday, February 24th. The business services provider reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. HMS Holdings Corp had a net margin of 7.12% and a return on equity of 10.04%. The company had revenue of $128.10 million for the quarter, compared to the consensus estimate of $130.85 million. During the same period in the prior year, the firm posted $0.19 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts expect that HMS Holdings Corp will post $0.80 EPS for the current year.

HMS Holdings Corp Company Profile

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.

5 Day Chart for NASDAQ:HMSY

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