Jefferies Downgrades HMS Holdings Corp to Hold with Price Target $23.00

Brokerage firm Jefferies Downgrades its rating on HMS Holdings Corp(NASDAQ:HMSY). In a research note issued to the investors, the brokerage major Raises the price-target to $23.00 per share. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Jefferies was issued on Aug 18, 2016.

In a different note, Credit Suisse said it Initiates Coverage on HMS Holdings Corp, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Outperform’ by the firm.

HMS Holdings Corp (HMSY) made into the market gainers list on Mondays trading session with the shares advancing 0.87% or 0.19 points. Due to strong positive momentum, the stock ended at $21.93, which is also near the day’s high of $22.145. The stock began the session at $21.76 and the volume stood at 3,00,153 shares. The 52-week high of the shares is $24 and the 52 week low is $8.56. The company has a current market capitalization of $1,852 M and it has 8,44,41,859 shares in outstanding.

HMS Holdings Corp(HMSY) last announced its earnings results on Aug 5, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $123.55M. Analysts had an estimated revenue of $116.85M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.15.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, William C Lucia (Chairman, President and CEO) sold 152,025 shares at $17.79 per share price.Also, 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.

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