HMS Holdings Corp (HMSY) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Aug 18, 2016.
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.
On the company’s financial health, HMS Holdings Corp reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.15. The company had revenue of $123.50 million for the quarter, 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.
HMS Holdings Corp closed down -0.29 points or -1.24% at $23.17 with 4,73,952 shares getting traded on Wednesday. Post opening the session at $23.41, the shares hit an intraday low of $22.97 and an intraday high of $23.45 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 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.