HMS Holdings Corp (HMSY) was Initiated by Raymond James to “Outperform” and the brokerage firm has set the Price Target at $23. Raymond James advised their Clients and Investors in a research report released on Mar 3, 2017.
Based on several research reports , Raymond James Initiated HMS Holdings Corp on Mar 3, 2017 to “Outperform”, Price Target of the shares are set at $23.Raymond James Initiated HMS Holdings Corp on Mar 3, 2017 to “Outperform”, Price Target of the shares are set at $23.Shares were Downgraded by First Analysis Sec on Feb 27, 2017 to ” Equal-Weight” and Lowered the Price Target to $ 21 from a previous price target of $24 .
On the company’s financial health, HMS Holdings Corp reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 24, 2017. Analyst had a consensus of $0.19. The company had revenue of $128.10 million for the quarter, compared to analysts expectations of $130.86 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.19 EPS.
Several company insiders have filed Insider transactions , on Sep 28, 2016, William C Lucia (Chairman, President and CEO) sold 45,280 shares at $22.09 per share price. According to the SEC, on Sep 16, 2016, Ellen A Rudnick (director) sold 19,950 shares at $21.59 per share price. On Sep 16, 2016, Iii William F Miller (director) sold 9,300 shares at $21.60 per share price, according to the Form-4 filing with the securities and exchange commission.
HMS Holdings Corp closed down -0.42 points or -2.23% at $18.41 with 11,14,015 shares getting traded on Monday. Post opening the session at $18.33, the shares hit an intraday low of $18.17 and an intraday high of $18.98 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
HMS Holdings Corp. is a holding company. The Company through its subsidiaries operates in the United States healthcare insurance benefit cost containment marketplace. The Company provides coordination of benefits services to government and private healthcare payers and sponsors. The Companys customers are government health agencies including Centers for Medicare & Medicaid Services (CMS) the Veterans Health Administration (VHA) and state Medicaid agencies; commercial health plans including Medicaid managed care Medicare Advantage and group and individual health lines of business; government and private employers; child support agencies and other healthcare payers and sponsors. As of December 31 2014 the Company also provided services to approximately 220 commercial customers and supported their multiple lines of business including Medicaid managed care Medicare Advantage and group and individual health.