Analysts Set Expectations for HMS Holdings Corp’s Q3 2019 Earnings (HMSY)

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HMS Holdings Corp (NASDAQ:HMSY) – Analysts at First Analysis issued their Q3 2019 earnings estimates for shares of HMS in a research note issued to investors on Sunday, May 5th. First Analysis analyst F. Sparacino forecasts that the business services provider will earn $0.27 per share for the quarter.

HMS (NASDAQ:HMSY) last released its quarterly earnings data on Friday, May 3rd. The business services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.16. The business had revenue of $148.00 million during the quarter, compared to analyst estimates of $144.13 million. HMS had a return on equity of 14.54% and a net margin of 11.28%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.22 EPS.

HMSY has been the subject of several other reports. BidaskClub raised HMS from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Zacks Investment Research lowered HMS from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $34.00 price objective on shares of HMS in a research note on Friday, February 22nd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. HMS currently has an average rating of “Buy” and a consensus price target of $33.04.

HMSY opened at $31.01 on Tuesday. The firm has a market cap of $2.70 billion, a PE ratio of 36.92, a P/E/G ratio of 3.08 and a beta of 1.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.40 and a quick ratio of 4.40. HMS has a fifty-two week low of $20.10 and a fifty-two week high of $38.15.

In other news, CFO Jeffrey Scott Sherman sold 268,426 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $34.55, for a total value of $9,274,118.30. Following the completion of the sale, the chief financial officer now owns 218,253 shares of the company’s stock, valued at $7,540,641.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Teresa South sold 216,903 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $34.57, for a total value of $7,498,336.71. Following the completion of the sale, the insider now directly owns 137,622 shares of the company’s stock, valued at approximately $4,757,592.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,018,795 shares of company stock valued at $35,023,853. 2.87% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of HMS by 674.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 49,467 shares of the business services provider’s stock worth $1,392,000 after buying an additional 43,077 shares during the period. Legal & General Group Plc raised its holdings in shares of HMS by 3.5% during the fourth quarter. Legal & General Group Plc now owns 200,598 shares of the business services provider’s stock worth $5,649,000 after acquiring an additional 6,860 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of HMS by 4,550.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 130,448 shares of the business services provider’s stock worth $3,670,000 after acquiring an additional 127,643 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of HMS by 9.1% during the fourth quarter. Stifel Financial Corp now owns 11,280 shares of the business services provider’s stock worth $319,000 after acquiring an additional 941 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of HMS by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 129,839 shares of the business services provider’s stock worth $3,652,000 after acquiring an additional 3,016 shares in the last quarter. 93.40% of the stock is owned by institutional investors and hedge funds.

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.

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