What Can We Expect From HMS Holdings (NASDAQ:HMSY) After Leerink Partners’s Latest Coverage?

June 14, 2018 - By Ash Ash

HMS Holdings Corp. (NASDAQ:HMSY) Logo

Investors sentiment increased to 1.31 in 2018 Q1. Its up 0.30, from 1.01 in 2017Q4. It improved, as 16 investors sold HMS Holdings Corp. shares while 54 reduced holdings. 32 funds opened positions while 60 raised stakes. 79.76 million shares or 0.01% more from 79.76 million shares in 2017Q4 were reported.

Millennium Management Lc holds 1.29 million shares. Moreover, Friess Assocs Ltd Liability Corp has 0.85% invested in HMS Holdings Corp. (NASDAQ:HMSY) for 616,535 shares. Alliancebernstein Ltd Partnership reported 0% of its portfolio in HMS Holdings Corp. (NASDAQ:HMSY). Cipher Cap L P invested 0.08% of its portfolio in HMS Holdings Corp. (NASDAQ:HMSY). Vanguard Group Inc has invested 0.01% of its portfolio in HMS Holdings Corp. (NASDAQ:HMSY). Louisiana State Employees Retirement Sys stated it has 0.03% of its portfolio in HMS Holdings Corp. (NASDAQ:HMSY). Etrade Capital Management Lc has invested 0.04% in HMS Holdings Corp. (NASDAQ:HMSY). Northern Tru Corporation stated it has 1.12M shares. Moreover, Aristotle Cap Boston Ltd Liability has 0.69% invested in HMS Holdings Corp. (NASDAQ:HMSY). Citadel Advisors Llc holds 213,882 shares. Paloma Ptnrs Co holds 17,050 shares. Dana Inv Advsr, a Wisconsin-based fund reported 130,945 shares. 79,501 are owned by Td Asset Mgmt. Pub Employees Retirement Association Of Colorado holds 0% of its portfolio in HMS Holdings Corp. (NASDAQ:HMSY) for 16,083 shares. 204,585 were reported by New York State Teachers Retirement.

Why Has Leerink Partners Given HMS Holdings (NASDAQ:HMSY) a $25 Price Target

In a research report sent to clients and investors on Thursday, 14 June, Leerink Partners analyst has today has begun coverage for HMS Holdings (NASDAQ:HMSY) shares with a “Outperform” rating. The PT is exactly $25.

HMS Holdings Corp. (NASDAQ:HMSY) Ratings Coverage

Among 2 analysts covering HMS Holdings (NASDAQ:HMSY), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. HMS Holdings has $20 highest and $18 lowest target. $19’s average target is -17.32% below currents $22.98 stock price. HMS Holdings had 2 analyst reports since February 27, 2018 according to SRatingsIntel. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, February 27. The stock of HMS Holdings Corp. (NASDAQ:HMSY) earned “Neutral” rating by Citigroup on Tuesday, February 27.

The stock increased 2.50% or $0.56 during the last trading session, reaching $22.98. About 301,544 shares traded. HMS Holdings Corp. (NASDAQ:HMSY) has risen 17.86% since June 14, 2017 and is uptrending. It has outperformed by 5.29% the S&P500.

Analysts await HMS Holdings Corp. (NASDAQ:HMSY) to report earnings on August, 3. They expect $0.17 earnings per share, up 30.77 % or $0.04 from last year’s $0.13 per share. HMSY’s profit will be $14.14 million for 33.79 P/E if the $0.17 EPS becomes a reality. After $0.14 actual earnings per share reported by HMS Holdings Corp. for the previous quarter, Wall Street now forecasts 21.43 % EPS growth.

HMS Holdings Corp., through its subsidiaries, operates in the healthcare insurance benefit cost containment market in the United States. The company has market cap of $1.91 billion. It provides coordination of benefits services to government and commercial healthcare payers and sponsors to coordinate benefits for claims; and payment integrity services that ensure healthcare claims billed are accurate and appropriate, as well as care management and member analytics technologies. It has a 48.89 P/E ratio. The company's services also enable clients to recover improper payments; prevent future improper payments; reduce fraud, waste, and abuse; and ensure regulatory compliance.

More recent HMS Holdings Corp. (NASDAQ:HMSY) news were published by: Nasdaq.com which released: “Research Report Identifies Advantage Oil & Gas, tronc, Baozun, HMS, FORTERRA INC, and Colfax with Renewed …” on May 31, 2018. Also 247Wallst.com published the news titled: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” on June 14, 2018. Nasdaq.com‘s news article titled: “HMS to Present at the William Blair 38th Annual Growth Stock Conference” with publication date: May 30, 2018 was also an interesting one.

HMS Holdings Corp. (NASDAQ:HMSY) Institutional Positions Chart

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