Latest Stocks: HMS Holdings Corp (HMSY) Cut to “C+” at TheStreet

Latest Stocks: HMS Holdings Corp (HMSY) Cut to “C+” at TheStreet

TheStreet cut shares of HMS Holdings Corp (NASDAQ:HMSY) from a b rating to a c+ rating in a report released on Friday, May 12th.

A number of other research analysts have also recently commented on HMSY. Oppenheimer Holdings Inc. set a $24.00 price target on shares of HMS Holdings Corp and gave the stock a buy rating in a research note on Saturday, February 25th. Zacks Investment Research upgraded shares of HMS Holdings Corp from a hold rating to a buy rating and set a $21.00 target price for the company in a research note on Wednesday, March 1st. Raymond James Financial, Inc. assumed coverage on shares of HMS Holdings Corp in a research note on Friday, March 3rd. They issued an outperform rating and a $23.00 target price for the company. First Analysis cut shares of HMS Holdings Corp from an overweight rating to an equal weight rating and cut their target price for the company from $24.00 to $21.00 in a research note on Monday, February 27th. Finally, Jefferies Group LLC restated a hold rating and issued a $22.00 price objective (up previously from $19.00) on shares of HMS Holdings Corp in a research report on Thursday, April 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $23.33.

HMS Holdings Corp (HMSY) opened at 18.23 on Friday. HMS Holdings Corp has a 52 week low of $15.94 and a 52 week high of $24.00. The stock’s 50 day moving average price is $19.21 and its 200 day moving average price is $18.73. The firm has a market capitalization of $1.53 billion, a P/E ratio of 46.74 and a beta of 0.97. HMS Holdings Corp (NASDAQ:HMSY) last announced its quarterly earnings results on Wednesday, May 10th. The business services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $114.50 million for the quarter, compared to the consensus estimate of $120.08 million. HMS Holdings Corp had a return on equity of 10.04% and a net margin of 7.12%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS. On average, equities analysts expect that HMS Holdings Corp will post $0.81 EPS for the current year.

HMS Holdings Corp (HMSY) opened at 18.23 on Friday. HMS Holdings Corp has a 52 week low of $15.94 and a 52 week high of $24.00. The stock’s 50 day moving average price is $19.21 and its 200 day moving average price is $18.73. The firm has a market capitalization of $1.53 billion, a P/E ratio of 46.74 and a beta of 0.97. Hedge funds and other institutional investors have recently made changes to their positions in the stock. Panagora Asset Management Inc. raised its position in shares of HMS Holdings Corp by 34.5% in the third quarter. Panagora Asset Management Inc. now owns 894,272 shares of the business services provider’s stock worth $19,826,000 after buying an additional 229,327 shares during the period. Gotham Asset Management LLC raised its position in shares of HMS Holdings Corp by 48.4% in the third quarter. Gotham Asset Management LLC now owns 351,211 shares of the business services provider’s stock worth $7,786,000 after buying an additional 114,613 shares during the period. Analytic Investors LLC bought a new position in shares of HMS Holdings Corp during the third quarter worth approximately $1,799,000. HBK Investments L P raised its position in shares of HMS Holdings Corp by 41.1% in the third quarter. HBK Investments L P now owns 43,600 shares of the business services provider’s stock worth $967,000 after buying an additional 12,700 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of HMS Holdings Corp by 3.8% in the third quarter. Principal Financial Group Inc. now owns 635,156 shares of the business services provider’s stock worth $14,082,000 after buying an additional 23,230 shares during the period. Institutional investors and hedge funds own 96.43% of the company’s stock.

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