HMS Holdings Corp (HMSY) Releases Earnings Results, Beats Expectations By $0.03 EPS

HMS Holdings Corp (HMSY) reported quarterly earnings results on Friday, Aug-5-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.15. The company posted revenue of $123.50 million in the period, compared to analysts expectations of $116.86 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on HMS Holdings Corp. Credit Suisse Initiated HMS Holdings Corp on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $19.

HMS Holdings Corp closed down -0.3 points or -1.50% at $19.64 with 12,15,361 shares getting traded on Thursday. Post opening the session at $19.89, the shares hit an intraday low of $19.57 and an intraday high of $20.09 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 22, 2016, William C Lucia (Chairman, President and CEO) sold 152,025 shares at $17.79 per share price. According to the SEC, on Jun 10, 2016, Richard H Stowe (director) sold 20,000 shares at $18.11 per share price. On Jun 7, 2016, Cynthia Nustad (EVP, Chief Information Officer) sold 10,995 shares at $17.85 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

HMS Holdings Corp

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