HMS Holdings Corp (HMSY) has risen sharply, recording gains of 17.38% in the past 4 weeks. However, the stock has corrected -4.99% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 16.94% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
HMS Holdings Corp. is up 38.69% in the last 3-month period. Year-to-Date the stock performance stands at 78.93%. The stock has recorded a 20-day Moving Average of 4.29% and the 50-Day Moving Average is 14.31%.
HMS Holdings Corp (NASDAQ:HMSY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.95 and $21.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.08, notching a gain of 0.32% for the day. The total traded volume was 697,758 . The stock had closed at $22.01 on the previous day.
Also, In a research note released to the investors, Jefferies downgrades its rating on HMS Holdings Corp (NASDAQ:HMSY).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, Jefferies raises the new price target from $19 per share to $23 per share. The rating by the firm was issued on August 18, 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.