Revenue Update on HMS Holdings Corp(NASDAQ:HMSY)

HMS Holdings Corp(NASDAQ:HMSY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $123.55M. Analysts estimated a revenue of $116.85M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.15.

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) shares turned negative on Wednesdays trading session with the shares closing down -0.29 points or -1.24% at a volume of 4,73,952. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.45. The peak price level was also seen at $23.45 while the days lowest was $22.97. Finally the shares closed at $23.17. The 52-week high of the shares is $24 while the 52-week low is $8.19. According to the latest information available, the market cap of the company is $1,957 M.

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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