HMS Holdings Corp (HMSY) : Traders are bullish on HMS Holdings Corp (HMSY) as it has outperformed the S&P 500 by a wide margin of 21.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.84% in the last 1 week, and is up 22.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 15.56% and the 50-Day Moving Average is 23.57%. HMS Holdings Corp (NASDAQ:HMSY): On Fridays trading session , Opening price of the stock was $23.33 with an intraday high of $23.54. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $22.95. However, the stock managed to close at $23.24, a loss of 0.43% for the day. On the previous day, the stock had closed at $23.34. The total traded volume of the day was 736,034 shares.
The company Insiders own 2.1% of HMS Holdings Corp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.29% . Institutional Investors own 98.39% of HMS Holdings Corp shares. During last six month period, the net percent change held by insiders has seen a change of -25.46%. Also, Credit Suisse initiates coverage on HMS Holdings Corp (NASDAQ:HMSY). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Credit Suisse announces a current price target of $19 per share. The rating by the firm was issued on June 1, 2016.
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.