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

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

HMS Holdings Corp (NASDAQ:HMSY) – Equities researchers at First Analysis issued their Q3 2019 earnings per share estimates for shares of HMS in a research report issued on Sunday, May 5th, according to Zacks Investment Research. First Analysis analyst F. Sparacino forecasts that the business services provider will post earnings of $0.27 per share for the quarter.

HMS (NASDAQ:HMSY) last issued its quarterly earnings results on Friday, May 3rd. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $148.00 million during the quarter, compared to analyst estimates of $144.13 million. During the same quarter last year, the business posted $0.22 EPS. HMS’s quarterly revenue was up 4.7% compared to the same quarter last year.

HMSY has been the subject of several other reports. BidaskClub raised shares of HMS from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Zacks Investment Research downgraded shares of HMS from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $34.00 price objective on shares of HMS in a report on Friday, February 22nd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $33.14.
Shares of HMSY stock opened at $31.49 on Tuesday. The company has a market cap of $2.66 billion, a PE ratio of 37.49, a P/E/G ratio of 2.69 and a beta of 1.59. HMS has a 12-month low of $20.25 and a 12-month high of $38.15. The company has a quick ratio of 4.40, a current ratio of 5.34 and a debt-to-equity ratio of 0.34.

In related news, COO Douglas M. Williams sold 39,393 shares of HMS stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $34.64, for a total value of $1,364,573.52. Following the transaction, the chief operating officer now owns 112,578 shares in the company, valued at approximately $3,899,701.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Meredith W. Bjorck sold 2,362 shares of HMS stock in a transaction on Monday, April 15th. The stock was sold at an average price of $30.10, for a total transaction of $71,096.20. Following the completion of the transaction, 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. In the last quarter, insiders sold 1,018,795 shares of company stock worth $35,023,853. 2.87% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased 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 valued at $1,392,000 after acquiring an additional 43,077 shares during the period. Legal & General Group Plc increased its position in shares of HMS by 3.5% in the fourth quarter. Legal & General Group Plc now owns 200,598 shares of the business services provider’s stock valued at $5,649,000 after acquiring an additional 6,860 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of HMS by 4,550.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 130,448 shares of the business services provider’s stock valued at $3,670,000 after acquiring an additional 127,643 shares during the period. Stifel Financial Corp increased its position in shares of HMS by 9.1% in the fourth quarter. Stifel Financial Corp now owns 11,280 shares of the business services provider’s stock valued at $319,000 after acquiring an additional 941 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of HMS by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 129,839 shares of the business services provider’s stock valued at $3,652,000 after acquiring an additional 3,016 shares during the period. Institutional investors own 93.37% 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.

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