Credit Suisse Group Reiterates “Outperform” Rating for HMS (NASDAQ:HMSY)

Credit Suisse Group restated their outperform rating on shares of HMS (NASDAQ:HMSY) in a report issued on Wednesday morning, Briefing.com Automated Import reports.

A number of other research firms also recently weighed in on HMSY. KeyCorp reiterated a hold rating on shares of Westrock in a research note on Monday, June 24th. William Blair reiterated an outperform rating on shares of Envestnet in a research note on Thursday, March 14th. Zacks Investment Research upgraded shares of Garrett Motion from a sell rating to a hold rating in a research note on Friday, May 10th. Cantor Fitzgerald downgraded shares of HMS from an overweight rating to a neutral rating and set a $29.40 price target on the stock. in a research note on Wednesday, April 17th. Finally, Chardan Capital upgraded shares of HMS from a neutral rating to a buy rating and lifted their price target for the stock from $37.00 to $41.00 in a research note on Monday, July 1st. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $33.57.

HMSY opened at $33.41 on Wednesday. HMS has a fifty-two week low of $23.00 and a fifty-two week high of $38.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.34 and a quick ratio of 5.34. The business’s fifty day simple moving average is $31.59. The firm has a market capitalization of $2.94 billion, a P/E ratio of 35.88, a P/E/G ratio of 3.05 and a beta of 1.41.

HMS (NASDAQ:HMSY) last posted its quarterly earnings results on Friday, May 3rd. The business services provider reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.16. HMS had a net margin of 11.28% and a return on equity of 14.02%. The firm had revenue of $148.00 million for the quarter, compared to the consensus estimate of $144.13 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, analysts forecast that HMS will post 1.01 earnings per share for the current fiscal year.

In other news, Chairman William C. Lucia sold 22,978 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $31.79, for a total value of $730,470.62. Following the sale, the chairman now owns 143,332 shares in the company, valued at approximately $4,556,524.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Meredith W. Bjorck sold 2,362 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $30.10, for a total transaction of $71,096.20. Following the completion of the sale, the insider now owns 51,755 shares in the company, valued at approximately $1,557,825.50. The disclosure for this sale can be found here. Insiders sold a total of 174,716 shares of company stock worth $5,418,806 in the last 90 days. 2.87% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of HMSY. First Citizens Bank & Trust Co. bought a new stake in shares of HMS in the 2nd quarter valued at about $212,000. Scout Investments Inc. increased its stake in shares of HMS by 64.1% in the 2nd quarter. Scout Investments Inc. now owns 225,021 shares of the business services provider’s stock valued at $7,288,000 after acquiring an additional 87,864 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of 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 acquiring an additional 152,063 shares during the last quarter. American Capital Management Inc. increased its stake in shares of HMS by 0.4% in the 1st quarter. American Capital Management Inc. now owns 2,215,892 shares of the business services provider’s stock valued at $65,613,000 after acquiring an additional 9,327 shares during the last quarter. Finally, Granite Investment Partners LLC increased its stake in shares of HMS by 47.2% in the 1st quarter. Granite Investment Partners LLC now owns 29,434 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 9,432 shares during the last quarter. Institutional investors own 95.86% of the company’s stock.

About HMS

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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Analyst Recommendations for HMS (NASDAQ:HMSY)

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