HMS Holdings Corp (HMSY) was Initiated by Avondale to “Mkt Outperform”. Avondale advised their investors in a research report released on Apr 13, 2016.
On the company’s financial health, HMS Holdings Corp reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 26, 2016. Analyst had a consensus of $0.16. The company had revenue of $128.50 million for the quarter, compared to analysts expectations of $122.12 million. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
HMS Holdings Corp closed down -0.14 points or -0.99% at $14.01 with 3,08,453 shares getting traded on Monday. Post opening the session at $14.22, the shares hit an intraday low of $13.94 and an intraday high of $14.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 9, 2016, Semone Neuman (EVP, Operations) sold 7,992 shares at $14.25 per share price. According to the SEC, on Dec 11, 2015, Robert M Holster (director) sold 20,000 shares at $12.68 per share price. On Nov 25, 2015, Richard H Stowe (director) sold 30,000 shares at $11.47 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 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.